This has to hurt?
Jul 27th 2011 | 5:59 am
#1
Thread Starter
Banned
Joined: Feb 2008
Posts: 421
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!
Anyone and everyone with high debts will suffer.
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!
Anyone and everyone with high debts will suffer.
Last edited by brendarover; Jul 27th 2011 at 6:05 am.
Jul 27th 2011 | 8:44 am
#3
Forum Regular
Joined: Feb 2006
Posts: 159
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
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
Jul 27th 2011 | 10:10 am
#4
Lost in BE Cyberspace
Joined: Dec 2008
Posts: 6,039
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.
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.
Last edited by fish.01; Jul 27th 2011 at 10:19 am.
Jul 27th 2011 | 10:51 am
#5
Rhino with a big horn!
Joined: Feb 2011
Posts: 3,117
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. 
Jul 27th 2011 | 9:04 pm
#6
BE Forum Addict
Joined: Apr 2005
Posts: 2,261
From: Western burbs, Melbourne
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.
- rising food prices
- rising utility prices
- higher VAT
- higher fuel prices
....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.
Jul 28th 2011 | 1:13 am
#8
Lost in BE Cyberspace
Joined: Nov 2005
Posts: 28,175
From: at the bottom of a wine glass
Re: This has to hurt?
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
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
)Then got a new job in Jan with a 23% pay rise
Jul 28th 2011 | 1:26 am
#9
Where I want to be
Joined: Jan 2005
Posts: 3,220
From: In my own head
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
I'm happy, and the extra is gonna go to pay down the mortgage (the only debt we have)
It has cut down my 300k weekly commute to a more manageable 180k
I'm happy, and the extra is gonna go to pay down the mortgage (the only debt we have)
Jul 28th 2011 | 1:27 am
#10
Lost in BE Cyberspace
Joined: Nov 2005
Posts: 28,175
From: at the bottom of a wine glass
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
I'm happy, and the extra is gonna go to pay down the mortgage (the only debt we have)
It has cut down my 300k weekly commute to a more manageable 180k
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!
Aug 11th 2011 | 5:52 am
#11
Thread Starter
Banned
Joined: Feb 2008
Posts: 421
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
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?
Oz.... the land of socialising at work or on the way to and from work for the over indebted few?
Huzzah!
Perhaps just one more QE dumping just to make sure the inflation is ingrained in the economies, then its timberrrrrrrrrrrrrrrrr........POP
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?
Oz.... the land of socialising at work or on the way to and from work for the over indebted few?
Aug 11th 2011 | 12:35 pm
#12
Proudly Deplorable
Joined: May 2003
Posts: 24,249
From: Alloha snack bar
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
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?
Oz.... the land of socialising at work or on the way to and from work for the over indebted few?
Huzzah!
Perhaps just one more QE dumping just to make sure the inflation is ingrained in the economies, then its timberrrrrrrrrrrrrrrrr........POP
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?
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?
Aug 11th 2011 | 12:50 pm
#14
Melbourne - NE suburbs
Joined: Jun 2008
Posts: 1,032
Re: This has to hurt?
Surely you mean timberrrrrrrrrr......CRASH.
A tree does not fall and make a 'POP' sound.
