Belly:>> I am still expecting innovation from my government.<<

Belly my grandfather used to say to me on such occassions, "you won't get to town on a lame horse".

Sonofgloin, the figures in the AFR are quoted by Alan Mitchell,
their economics editor. His source is both ABS and RBA. I can
assure you that if the figures quoted by an economics editor of
a financial newspaper were incorrect, he would be out of a job.

Saving rates are a % of disposible income. Financial wealth as a %
of disposible income is running at 270%.

My house has a solar hot water heater, no clothes dryer, I use
the sun and wind, all free. My tv is LED, so uses minimum power.
I have no complaints about my power bill. In winter I chop wood,
or rather cut it with the chainsaw. Saves heaps.

But I know its a human foible. Its so easy to make mistakes in life
and much easier to blame everyone but ourselves, for our situation.
So psychologically, you are well understood, Sonofgloin.

Yabby:>> But I know its a human foible. Its so easy to make mistakes in life and much easier to blame everyone but ourselves, for our situation. So psychologically, you are well understood, Sonofgloin<<

Well thank you Dr Yabby for your diagnosis, my Medibank number is.

oh yabby your just too good..quote]

<<''Saving rates are a % of disposible income.>>
so who earns..disposable income...lol

i know your only quoting numbers..
so your not making it up

BUT..mate...who has [creates/deems]..
how much income..comes from disposables

what its..the wheelie bin income?

let alone this classic spin
<<of disposible income..is running at 270%.>>

aint that one CLEVER
if ALL YOUR..disposable 'income'...this is 100% of your DISPOSABLE..[not real income]

270 percent..of 100 percent
is still only less than 100 percent

lets face it mate you can only bank
up to 100 percent..of ya income
disposable or not,...

only bankers can..'bank'..more
than they get comming in

then we have the absurdity
of using two numbers....

one has been stated,,by son of a
as being 2 percent

<<In 2009 it totaled 2% of GDP.
*Source: Australian Bureau of Statistics (ABS),>>

so they say its 2 percent

then you say

<<His source is both ABS and RBA.>>

so he ADDS TWO NUMBERS
a fictionally cumalative..number?

add*..abs TO rba =10 percent?

lets fill in the numbers

abs SAYS=2%
rba..MUST SAY ITS 18%
[to get a medium percenta=age..of 10 percent

unless its 8 percent..[only 4 times abs 's number..lol]
and somehow the most clever guys in exconomics...added them TOGETHER

thats the only way these numbers games can balance

the whole thing seems so bi polar
so scitso-phrenetic

mate the numbers dont simply add up
they then ned to be dived again
so dividing the ecomomist error rounds it down to 5 percebnt

but how can two important depts misslead the auditers so badly

i still cant get over saving 270 percent of 100 percent[max]

but no doudt you got proof

links?

Sigh UOG, you create your own confusions, your really do.

Disposable income is what is left after tax.

Financial wealth means savings over many years, like
money in the bank, so the ratio to disposable income
is simply that, a comparison ratio for economic purposes.

No free links to Australian Financial Review websites sorry,
they charge, in your language about 4 cigarettes.
But you can go down to your newsagent, open the current AFR
to page 21 and read it for yourself.

Sonofgloin's posts are actually quite interesting, as they
reflect the problems we have with a whole generation. No
concept of saving, they are seemingly the heirs to all this
technology so they will use it to the max, expectatations are
sky high and when the weekly income and budget are blown, they
are pissed off. Most don't even know the word frugal, as
people did in the earlier generations.

Now tariffs are seemingly his answer. Hehe. The cost of
consumer goods would skyrocket, there would not be much under
his Xmas tree. So he'd want higher wages to compensate.
His boss would pass that on to consumers, inflation would set
in big time, as we used to have it. The RBA, would have no
choice but to keep on putting up interest rates. He would
be worse off then ever before in his life

But I can see that some are going to require a bit of real
life pain, to understand all this.

The banner on every front page and on every news bulletin ought to read ;
Governments ( Plural ) , have ruined Australia , Plundered its wealth of material and Intellectual capabilities , only leaving a Near lifeless dead carcass in its trail., Christmas is but one National Institution it ruined ; But on an International scale ; Governments have ruined the world ; So what now say any one of us what the theory of government is ?
It has never served you ; Then who?