What is the state of the Australian economy? | The Daily Aus
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- เผยแพร่เมื่อ 29 เม.ย. 2024
- With the federal budget just over two weeks away, the economy is set to come roaring back into focus on your newsfeed. So, we thought we'd get you up to speed well in advance. How are we going with inflation and the cost of living? What should you expect from HECS and HELP debt indexation this year? And what early clues do we have about this year's budget? Today on the podcast, we speak to the Australia Institute and the Centre for Future Work's Chief Economist Greg Jericho to take a temperature check of the economy.
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The number one concern for Jim Chalmers is that ensures that he fulfills his role for those he answers to. Sadly that is the World Ekonomik 4rum and not the Australian public. Much less his own constituents in his seat of Rankin.
Great economy in Australia. Inflation is 3.6%, still coming down. Unemployment at below 4% for past years. Pop the champagne !
An essential human need - housing, just keeps getting more and more expensive. Although most main stream media regards this as a good news story.
That is because negative gearing allows the rich to get richer with the blessing of the Coalition.
It's getting worse than England. The haves and have nots.
I used to believe Housing was a Right. Now I see Housing is a Privilege.
@@Peekaboo-Kitty That was the case decades ago. Believe it or not, during my lifetime you could buy a house for under a thousand pounds. As a young adult you could buy one for less than $100,000, and ten years later it would probably have risen only by about another 10,000. Liberals have fostered negative gearing, and Labor are too frightened to tackle it. Housing is now our national currency.
There are 160 applications per job (Seek data), that doesn't sound like a tight labour market to me.
There's a reckoning coming. Our summer is going to be one of chaos and despair for some. 🙏
Like the metaphors, totally agree that HECS debt burden is ridiculous- I’ve paid off 2 lots over the years and have been appalled with how this sector has been handled since 1989.
I think we do need to find another measure for how the country is tracking beyond GDP- infinite growth is not good for the planet.
WHAT ECONOMY?
Stellan Skarsgård really knows a thing or two about the economy
I stopped watching after 1.30.
3.6% inflation but this 'economist' is ignoring that its not reflective across Australia. In SEQ we're dealing with 9% inflation and highest fuel in the country and the largest tent cities. He has absolutely no idea, what a fool.
Hello economy is good in Australia, Amali
Yeah sure ... that's why so many people are homeless and starving.
Yyyyeeeeaaahhhh, it's all great. No recession, 😅😊😮😂 all good news. Wow.
CAPITALISM vs SOCIALISM
FIRSTLY, LET’S SAY THAT SOCIALISM CAN HAVE SEVERAL FORMS. IT CAN BE FULL OR MIXED. THAT IS TO SAY, IT CAN EXTEND OR LIMIT THE ACTION OF THE STATE JUST AS IT CAN PERMIT, FRAMES OR LIMIT THE ACTION OF CAPITALISTS . A FORM OF SOCILISM WAS IN EFFECT IN SWEDEN AND DENMARK FOR MORE THAN HALF A CENTURY. DURING THIS PERIOD THESE COUNTRIES EXPERIENCED ECONOMIC STABILITY WHILE AVOIDING INTOLERABLE ECONOMIC DISPARITIES BEING CREATED BETWEEN THE SOCIAL CLASSES OF THE COUNTRY. THEN THE ANGLO-AMERICAN CAPITALISTS CAME AND DESTROYED THE SYSTEM. TODAY THEY ARE EMBODYED IN THE SAME ECONOMIC PROBLEMS AS OTHER CAPITALIST COUNTRIES. ANOTHER STYLE OF SOCIALISM IS UNDERWAY IN CHINA AND CHINA HAS EXPERIENCED AN UNPRECEDENTED ECONOMIC BOOM FOR 30 YEARS IN ADDITION TO HAVING INCREASED INHABITANTS' INCOME FIVE-FORWARD. THE COUNTRY HAS GONE IN 30 YEARS FROM THE GREATEST POVERTY TO THE LEADING ECONOMY IN THE WORLD. CAPITALISM HAS NEVER ACHIEVED SUCH AN EXPLOIT. Things go wrong when capitalist politicians are elected to lead a socialist country. THEY EARLY DID DESTROY EVERYTHING THAT WORKS BY PRIVATIZING AND DISPENSING THE COLLECTIVE WEALTH OF THE COUNTRY TO FRIENDS. CAPITALISM IS THE THEFT OF COLLECTIVE WEALTH BY A SMALL GROUP CONSTITUTED AS A MAFIA. THIS IS WHY THE STATE MUST INTERVENE TO PREVENT THIS OLIGARCHY FROM REDUCE THE PEOPLE INTO SLAVERY. THE PROBLEM IS THAT THIS MAFIA ALWAYS ENDS UP CORRUPTING THOSE WHOM THE PEOPLE MANDATE TO REPRESENT THEM AND ADMINISTER COLLECTIVE GOODS. THIS CORRUPTION CONTINUES UNTIL ALL ELECTED OFFICIALS ARE MEMBERS OF THIS MAFIA AND TRANSFORMS THE STATE INTO A MAFIA ORGANIZATION AT THEIR SERVICE.
IF THE DURATION OF SOCIALIST SYSTEMS HAVE EXPERIENCED CHAOTIC EXISTENCES, IT IS BECAUSE THE ANGLO-AMERICAN CAPITALISTS, FOR 400 YEARS, HAVE ALWAYS INTERVENED TO TORPEDO THE EXPERIENCE SO THAT THERE IS NO ALTERNATIVE TO THEIR CAPITALIST SYSTEM . FIRST, THE ECONOMIC SANCTIONS, THEN THE BOYCOTT AND WHEN THAT WAS NOT ENOUGH, THE WAR FOLLOWED BY DESTRUCTION OF THE COUNTRY. ALMOST ALL COUNTRIES IN LATIN AMERICA AND AFRICA HAVE EXPERIENCED THESE MAFIUS ACTIONS BY ENGLAND AND THE UNITED STATES.
All of his suggestions were terrible
You might we cant live with these costs in life
Intresting, the different views of people in Australia. Some are living in a real good bubble. Whether you agree or not, power is high, fuel is high, and food is high. Why are some happy thinking it's normal now, maybe it's the new normal? 😅😊😊😊😊😊😂
🌱🌿🌱🌿🌱🌿🌱🌿🐨🌱🌿🌱🌿🌱🌿🌱🌿
FLACCID MATE, VERY BAD SINCE NOT HAVING CHINESE MONEY
pumping fake numbers, how does this help?