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The Economy

Percy Horne said:
One would think consecutive surpluses for the 1st time on 20 odd years would be doing their bit.
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Govt still seems to be borrowing.

Government​

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Australian Bureau of Statistics
https://www.abs.gov.au › statistics › economy › govern...



General government borrowing was $21.2b; Total public sector borrowing was $52.1b; All Australia general government net debt (L2) reached 30.6% as a percentage ...

www.abs.gov.au

Government

Administration, finance, tax…
www.abs.gov.au www.abs.gov.au
 

Australians suffer world's biggest collapse in living standards

Australian households suffered one of the world’s steepest declines in real per capita household disposable incomes last year: Australians have likewise recorded one of the sharpest declines in real per capita since the start of the pandemic: The March quarter national accounts from the...
www.macrobusiness.com.au www.macrobusiness.com.au
 
What a dumb country we are. :rolleyes:

Australia's economy is set up to fail

This weekend’s Treasury of Common Sense with Luke Grant at Radio 2GB took direct aim at the Albanese government’s energy policy failures, along with the extortionate cost of Australian housing. I also explained how politicians use the “art of distraction” to divert attention away from issues of...
www.macrobusiness.com.au www.macrobusiness.com.au
 
Andrew Forest has slashed 700 jobs, in other words he is finding out cheap renewables are not at all cheap despite the govt pouring in 8 billion tax payer dollars to make his dream reality, the country has gambled a lot on renewables , shutting down many coal fired power stations in the progress, baseload power is a must, we are in big trouble in the years to come.
 
Bluey said:
Andrew Forest has slashed 700 jobs, in other words he is finding out cheap renewables are not at all cheap despite the govt pouring in 8 billion tax payer dollars to make his dream reality, the country has gambled a lot on renewables , shutting down many coal fired power stations in the progress, baseload power is a must, we are in big trouble in the years to come.
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Esteemed economist Judith Sloan says that coal-fired power stations are the cheapest way to generate electricity.

stopthesethings.com

Judith Sloan the Australian – STOP THESE THINGS

Posts about Judith Sloan the Australian written by stopthesethings
stopthesethings.com stopthesethings.com
 

Australians tire of $5 coffees

The number of cafes has grown dramatically across Australia during the last two decades. When I moved to Melbourne’s Ashburton area in 2006, my local High Street strip shop had about four cafes. Over the next 18 years, I observed the number of cafes grow to ludicrous numbers. There are now more...
www.macrobusiness.com.au www.macrobusiness.com.au
 
Cafes, barbers and ladies hairdressers. It’s the default business option for people with no other options 😆😆😆

where I live, there’s 19 cafes all within a 500m walk of each other AND a new one opened last week. I suppose they expect to do it better than the others and survive😆😆😆
 

Welcome to Inflation Island

The Reserve Bank of Inflation Island is not happy: Rapidly rising building costs are keeping inflation in Australia higher than overseas, Reserve Bank of Australia governor Michele Bullock has warned, as the economy enters a “difficult” stage where demand remains too hot. “We’re not seeing the...
www.macrobusiness.com.au www.macrobusiness.com.au
 
A few of things about coal fired power stations.

1) cost to build is large
2) Banks not willing to lend for the development of coal fired power stations.
3) Australia's coal fired power stations are at or close to end of life.

That is the reality.
 
Percy Horne said:
A few of things about coal fired power stations.

1) cost to build is large
2) Banks not willing to lend for the development of coal fired power stations.
3) Australia's coal fired power stations are at or close to end of life.

That is the reality.
Click to expand...
Brrr max temp of 13c forecast for sydney today, anyway if coal is out then we need gas or nuclear.
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Petrol excise increase of 4.6 cents per litre won't help the economy or struggling homeowners.
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