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The Forum > Article Comments > Five questions on the Australian economy > Comments

Five questions on the Australian economy : Comments

By Michael Knox, published 2/2/2021

We'll have a stronger domestic economy and faster domestic growth because of what the RBA is doing.

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wow, boom times ahead.

Let the world keep on going with the gravy train, as debt by the advanced economies has been predicted to reach 124% of GDP in 2020, the same level as after second world war.

Yep, let us rely on higher housing costs and ignore the ridiculous trend of lower home ownership for a growing minority.

And who cares about the pensioners and savers who are now to get negative returns on any super they hold in cash.

How dare they choose to avoid owning shares. They should be encouraged to take the same stupid risk that will confront society when the next crash comes if the deck of cards falls sooner rather than later.

And, wow, the cost of serving debt is the lowest for some times due to the rigging of interest rates intended to avoid recession.

Yep, great status quo analysis.
Posted by Chris Lewis, Tuesday, 2 February 2021 9:31:49 AM
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China MAY NOT become such a rising Economic (ie. NOT passing the US) or Strategic threat to Australia if the author's following statements come true:

"By the end of this decade [2030], the Chinese economy will slow down to a growth rate of no more than 2% per annum by 2030. The reason that happens is that the one-child policy has finally hit the growth in the labour force, and it doesn't seem that the Chinese population wants to increase that from that rate of natural growth.

Because of that very slow growth in the Chinese labour force, what you'll see is by the end of this decade, the economies of India, Indonesia and Vietnam will all be growing faster than China because their labour force is growing more rapidly."
Posted by plantagenet, Tuesday, 2 February 2021 10:05:51 AM
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I reckon the CCP would merely laugh at predictions of its demise with regard to its economy growth rates.

I am laughing too.
Posted by Chris Lewis, Tuesday, 2 February 2021 10:30:32 AM
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China predicted to be biggest economy by 2028,
https://www.bbc.com/news/world-asia-china-55454146

so who really cares if its growth rate is just 2%.

It will have enormous clout, even more if the mercantile actions of the CCP are not resisted in coming years
Posted by Chris Lewis, Tuesday, 2 February 2021 10:34:49 AM
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Quantitative easing is the last resort of the technically bankrupt!

And needs to be reserved for income-earning infrastructure! Not recurrent spending! The building of income-earning infrastructure was the catalyst that not just propelled us out of the Great Depression, but up and onward to an unprecedented period of post-war prosperity as the third wealthiest nation on earth and a creditor one at that!

All we've seen from the Morrison government, has been, by and large handouts and charity for the big end of town and to a lesser extent small business! Where are the visionary projects we need to grow the economy and retire a trillion of debt?

Myriad total length of river dams, rapid rail, an inland shipping canal? MSR thorium! And that is just the beginning!

None of the foregoing is what you get from coal-fired, conservative think tanks! With skin in the coal industry? As we confront a future all but guaranteed to include ever-increasing punitive carbon tariffs And coal, gas and oil we can't give away!

And don't think there's any more vision in (coal, coal, coal) labor ranks, cause there's hardly more!
Alan B.
Posted by Alan B., Tuesday, 2 February 2021 11:27:40 AM
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Nothing to see here just the continuance of unaffordable housing, massive underemployment and the joint sold off to, price gouging, tax-avoiding, profit repatriating foreigners!?

And lots of blah, blah from the hula, hula PM. At least Mr rabbit for all his faults, knew how to hold a hose?

With this government, the more things change, the more they stay the same old, same old!
Alan B.
Posted by Alan B., Tuesday, 2 February 2021 11:40:35 AM
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Pete, not only that, but, the Chinese are fitting/retrofitting thorium reactors in their warships and subs! He who controls our energy, controls the world!
Alan B.
Posted by Alan B., Tuesday, 2 February 2021 11:52:07 AM
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Hi Alan

Re your "the Chinese are fitting/retrofitting thorium reactors in their warships and subs"

Are they indeed!

Which ships and subs are they?

And what links/threads do you have for proof?

Cheers

Pete
Posted by plantagenet, Tuesday, 2 February 2021 2:11:51 PM
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And what links/threads do you have for proof?
plantagenet,
You're not really that silly to think the CCP would publish these on the WWW for the silly mutts of the World's Left to see ?
Posted by individual, Thursday, 4 February 2021 8:46:35 AM
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