What's your take? Where does the reserve bank/ govt go from here to stimulate the economy?
Is the perpetual economic growth model dead?
You need to be a member of 1Eyed Eel to add comments!
This reply was deleted.
Latest comments
"NOS I would have Jenkins on the wing. He is lethal in the air. Moses kicking to him would be a great attacking option for us!"
"If we didn't have Brian Kelly I'd suggest him instead. But we've already got that one sorted."
"Jenkins is a year older than Tago and has played 61 less games."
"The reason would be price. A team will pay overs, we would too, hoping he will continue his form. "
"He is a product of his elite center next to him. There is a reason Penrith are willing to part ways. They could offload Tago or the like to keep him. "
"We should have just told Dylan to stay or else we would end his civilization"
"Unfortunately i agree Clintorian. If anything he will miss some of next year."
"I wouldn't rule our Samrani Super. If he had not been hurt i doubt Nanva would have debuted at the moment."
"Centres are just too important in defence i feel. Wingers are more valuable as they used to be but if you look at the top teams they have good Centres. How often do you have people talk about a Winger and say "He's not great in defence".
You can…"
You can…"
"Either Jenkins or Simo to left centre to replace Russel?"
"Well if there is more than one place posting, there usually is a bit of smoke.
I reckon Jenkins, if offered a good deal like $500k 3 year deal he would take it. Penrith then would move on as they normally do."
I reckon Jenkins, if offered a good deal like $500k 3 year deal he would take it. Penrith then would move on as they normally do."
"I think Simmo is just about done with this recent injury, sadly. That's a big mountain for him to climb."
"The guys i've included above is who I think they focus their retention effort on (except Tago), all others are expendable.So, I think Parra have been smart here....My assumption is Panthers would need to offload Tago first before they can afford to…"
Irony is Even Deader
I posted this earlier on Hoe's blog, which was poor placement."Isn't it Ironic, Don'tcha think?
Read more…
Views: 600
Shark Attack..... Moses told to be wary of the surf!
Parramatta has moved their pre season training to Lennox Head for this week.They have been warned that when your luck is out, you need to be very careful going into the surf! in Northern NSW.Parramatta officials are very wary of these danger's as…
Read more…
Views: 575
Poppa's Dilemma, Welcome to my Corner, come in and have a Cuppa with a Silly Old Bastard. I think it's New Year Shortly?
Well we have been having a few dilemma's around here lately and I am getting confused, from what I can tell we have a lot of problems telling our left from our right. We don't have this problem at home because my wife is always right and I am…
Read more…
Views: 449
Keaon done deal
As of Thursday, December 11, 2025, South Sydney Rabbitohs forwardKeaon Koloamatangi has reportedly agreed to a deal with the Parramatta Eels, but it is not yet officially announced by the clubs. Soon to be announced.
Read more…
Views: 2366
Jenkins to the Eels?
Some early Friday morning scuttlebutt on Facebook saying Eels have made an offer to sign Thomas Jenkins from the Panthers. I really have no idea if this is true or the validity behind the rumours, but this is a signing I can definitely get behind.…
Read more…
Views: 676
Who wins and by how many ??
I don't know what to call this blog, but jesh, a combination of both these sides would get close to winning a compNot saying they would fit under the cap, but there are so many players in team 1, who if the right reigns were pulled, could still be…
Read more…
Views: 424
Araz Nanva signs Top 30 Contract for 2027
The Parramatta Eels are pleased to announce that emerging outside back Araz Nanva has extended his contract with the club for a further year and will be elevated to the Top 30 squad for the 2027 NRL season.An Eels junior, Nanva’s extension comes on…
Read more…
Views: 1334
<script src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>
<!-- Sidebar -->
<p> </p>
<script>// <![CDATA[
(adsbygoogle = window.adsbygoogle || []).push({});
// ]]></script>
Replies
I’ve been saying it for years, perpetual growth is impossible.
How can the double digit growth that companies want and demand be possible long term? Without huge population growth this type of economic growth is impossible. I’m a capitalist, centrist, but I do think we need to reconsider or reboot our financial model/system or we may just be in for a major major depression.
Also I don’t think privatisation of every bloody thing is the answer either. Governments need to control to some degree essential utilities, if not the avg joe blow can’t keep up with the cost of living. All mass privatisation achieves is the pushing up of prices to allow double digit growth for executives and their companies.
What he said ^
Shit I agree with you both. I'm very concerned.
From here we go to negative interest rates and QE, and then we go to a recession.
These (experts ) in the reserve bank are leading us down an unowned path tempting young people to borrow at low interest rates than when rates rise leading to unaffordable repayments
Should the govt. still be trying to get us into surplus?
Can they still brag about being good economic managers?
Are the big banks just see you in the N.Ts?
The govt shouldn't be hell bent on running a surplus - it's practically meaningless. What they need to do is try and find a way to deal with the massive amount of debt in the system. Unfortunately there's not much they can do - it's not like they can drop rates (remember when they dropped rates to "emergency" levels after the GFC - that was something like 4%!!). They're plugging on about the surplus, the unemployment rate (which is bullshit - UNDERemployment is an epidemic) and inflation (why the fuck do we need inflation - wages growth is flatlining)
They are terrible economic managers. The economy has grown on a construction boom, coupled with a credit frenzy, that can't (and hasn't) go on forever. We have been in a per capita recession for a few years now. Now they've junked the Aussie dollar which is a terrible outcome for many. Highly leveraged families (and Aussie families are as highly leveraged as anyone on the planet) have a very tough few years ahead.
The big banks have already started taking profit hits. The bank's share prices, profits and dividends will all head south over the next 12 months.
It's not a good look.
"It's Time"
Mate, they blow smoke up our arse at every opportunity, but when you look at all the indicators - and there's tonnes of them - I can't for the life of me work out how we're going to avoid some sort of pretty ruthless financial impact - not only in Australia but on a global scale.
We've just dropped rates to the lowest level EVER and the bulk of the media is telling us that things are on the up. Please.
One thing's for certain though mate - the rich will get richer and the poor (including the middle class) will get poorer.
Kram, I'm no expert on economics, but one thing I do understand about inflation is that Governments, or anyone with debt, like inflation as it reduces the cost of longer term debt. As an example, let's say you buy a house for 100k, and at the time have income of 20k. You might be making repayments of 5k per year, so it costs you 25% of your income to meet the payments. 10 years later, all other things being equal, inflation has meant that you are now earning 30k per year. So to meet your house payments it only requires approx. 16% of your income to meet your house payments. Governments will use this logic to reduce the burden of older debts, but in reality it's a never ending cycle.
Another point is that without inflation there is less incentive for consumers to spend money, holding out in the hope that things will be cheaper at some future point. And an economy without consumer spending probably doesn't need expaining.
Personally, why do we need inflation, well we probably don't, but that's why governments will always target inflation. You no doubt would understand all or most of this already, this is more a reply for others who might be pondering your question about why we need inflation.
This is true mate,and it is true that, long term, inflation will actually improve the average standard of living - provided of course that income keeps up with inflation. The irony with your example is that the Government don't include real estate in their inflation calculations - if they did it would be alot higher than what they report.
At the moment inflation is a pie in the sky target as far as i'm concerned. The cost of living is going up but only as a result of increased costs in basic living expenses such as fuel, electricity, gas, water, and of course our burgeoning debt level. At the same time wages are, in real terms, going backwards. The upshot is that punters are spending less on discretionary spending (retail, restaurants, cars, holidays, tv's etc) and in the current climate their mindset has turned to "battening down the hatches". Car sales, retail sales etc have dropped off a cliff and alot of what was formerly being spent on a new SUV or big screen tele is now being directed to paying down debt. ALOT of middle class big-city families are getting nervous about their net worth - negative equity territory is a very real prospect.
There's little to no confidence out there mate. I reckon the next couple of years are going to be very interesting times for everyone. I personally still very much see an economic melt down and a housing bust in our foreseeable future.... THen again I see an Eels premiership in the near future so what would I know :)))
-
1
-
2
of 2 Next