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This has to hurt?
http://www.bbc.co.uk/news/business-14303483
Australia's inflation accelerates on rising food prices? What are wages doing? With high mortgage rates, high cost inflation, then wage inflation must be running at least on par with the base rate, circa 5% maybe per annum. Are we all getting a 5% pay rise per annum? The base rate reflects wage inflation and/money supply, so if you are not getting at least 4.75% per annum, then the Ozzy's and expats are still loading up or living on credit. So living on borrowed time, how long can the giant ponzi carry on, China is getting closer and closer to the pop scenario, hold on tight, its gonna get interesting!:eek: Anyone and everyone with high debts will suffer.:( |
Re: This has to hurt?
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Re: This has to hurt?
[QUOTE=brendarover;9522985 Are we all getting a 5% pay rise per annum?
Anyone and everyone with high debts will suffer.:([/QUOTE] I can't say for everyone, but I know that my entire workforce (all 1500 of us) did. Also, lots of us have high savings too, so in truth, things are looking quite good really. There are always 2 sides to a situation. Sometimes I wonder if people are grumpy about the situation (namely their own) because they're looking at the back end of the train that has already departed and regret not getting on in time......not aiming at anyone in particular |
Re: This has to hurt?
according to recent reports pay rises have been running ahead of inflation.
most australians have already started saving far more and paying down debt so the population is being credited with already avoiding an interest rate rise due to their prudence. |
Re: This has to hurt?
It's interesting that food inflation seems to have affected vegetables and fruit much more so than meat as a result of the disasters. Maybe that's why some countries with high vegetarian diets are so badly affected by natural disasters. :unsure:
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Re: This has to hurt?
Come to UK and enjoy:
....and job cuts and cuts in services galore. I have noticed that money is being stretched more tightly in the last few months, compared to the end of last year. |
Re: This has to hurt?
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Re: This has to hurt?
Originally Posted by Max&Ozzy
(Post 9523209)
I can't say for everyone, but I know that my entire workforce (all 1500 of us) did.
Also, lots of us have high savings too, so in truth, things are looking quite good really. There are always 2 sides to a situation. Sometimes I wonder if people are grumpy about the situation (namely their own) because they're looking at the back end of the train that has already departed and regret not getting on in time......not aiming at anyone in particular Yep, me too. Got 5% rise last September (and a nice bonus of one months salary on top of that :D) Then got a new job in Jan with a 23% pay rise :thumbup: |
Re: This has to hurt?
I just got a 12.5% pay rise this week, my week rejigged so I only need to be in the office 3 days a week, and a day working from home. Mind you, I was paid peanuts before, now they are more like cashews :)
It has cut down my 300k weekly commute to a more manageable 180k :rofl: I'm happy, and the extra is gonna go to pay down the mortgage (the only debt we have) |
Re: This has to hurt?
Originally Posted by ub40fan
(Post 9524464)
I just got a 12.5% pay rise this week, my week rejigged so I only need to be in the office 3 days a week, and a day working from home. Mind you, I was paid peanuts before, now they are more like cashews :)
It has cut down my 300k weekly commute to a more manageable 180k :rofl: I'm happy, and the extra is gonna go to pay down the mortgage (the only debt we have) That's the kind of K's I was doing at the last job...don't miss them! :lol: |
Re: This has to hurt?
BENNY BERNANKE is finally killing China/Australia et al off.
Huzzah! Perhaps just one more QE dumping just to make sure the inflation is ingrained in the economies, then its timberrrrrrrrrrrrrrrrr........POP:blink: Those expensive Ozzy houses on the souless estates where expats sit drinking their cans of 4XXXX because its not just expensive in Ozzy pubs, and the 10 mile round trip in a taxi costs more than the bar bill?:eek: Oz.... the land of socialising at work or on the way to and from work for the over indebted few?:( |
Re: This has to hurt?
Originally Posted by brendarover
(Post 9553187)
BENNY BERNANKE is finally killing China/Australia et al off.
Huzzah! Perhaps just one more QE dumping just to make sure the inflation is ingrained in the economies, then its timberrrrrrrrrrrrrrrrr........POP:blink: Those expensive Ozzy houses on the souless estates where expats sit drinking their cans of 4XXXX because its not just expensive in Ozzy pubs, and the 10 mile round trip in a taxi costs more than the bar bill?:eek: Oz.... the land of socialising at work or on the way to and from work for the over indebted few?:( Are you and Irish Steve mates? |
Re: This has to hurt?
Originally Posted by Amazulu
(Post 9553919)
Why are you so obsessed with Australian house prices? It's all you ever post about.
Are you and Irish Steve mates? |
Re: This has to hurt?
Originally Posted by brendarover
(Post 9553187)
BENNY BERNANKE is finally killing
Perhaps just one more QE dumping just to make sure the inflation is ingrained in the economies, then its timberrrrrrrrrrrrrrrrr........POP:blink: Surely you mean timberrrrrrrrrr......CRASH. A tree does not fall and make a 'POP' sound. |
Re: This has to hurt?
Originally Posted by Margaret3
(Post 9553931)
Much as i enjoy brendas posts, i wonder what her/his deal is:)
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