Continued for Poirot
There is little that effects business more than the constant threat of a labor government, driven by union thugs with an agenda focussed on IR laws, laws they feel should protect the rights of workers above all else.

What they fail to recognize is that times change, however, rather than allowing business to adjust with the times, the Labor/union alliance expects every worker to earn more each year regardless of the economic times, where as wages should be like all other costs, being allowed to fluctuate with the times.

Deal are done with financiers, landlords, even government departments, yet labor and the unions wont budge.

Labor and the union movement have caused so much anguish now as so many workers today are either casual, or on contract, in fact, it is so bad that many serial dole bludgers wont take a short term job for fear of not being able to get back on the tit.

My thoughts on the recent downturn is due to the failure of Malcom Turnbull as there is little doubt he has been regarded by many as a dud.

He has all but lost the unlosable election to a guy that would have withdrawn had he faced a leader like Howard or Hawlk.

So this is why I feel business confidence has taken a dive and, should labor get back in I doubt you will see it return for a long long time.

Wages and conditions must be able to move, and not just up.

Cont..

As to sales of electric cars preorders for the yet to be built Tesla model went through the roof, over 5 times the best predictions. The desire for electric cars is here to stay and sadly we are missing the bandwagon thanks primarily to the Abbott government.
http://gizmodo.com/teslas-model-3-preorders-are-way-bigger-than-anyone-exp-1768837959

Back to housing. Recently my wife and one of my children each bought house and land packages in a urban revitalisation project near us. They had done their sums and if they get the average rent in the area it will cover the repayments. Neither intend or expect to have to negatively gear. This to me is smart investing and it doesn't require any subsidy from other Australians. We have friends who have purchased existing homes in more affluent suburbs where the insane house prices means there is no chance of the rent coming anywhere near the repayments so the will be negative gearing. Why should my wife and daughter have to subsidise that decision?

rehctub,

While you're banging on about asylum seekers - which you incorrectly refer to as "illegals" - (as does Mr Morrison and Mr Dutton - sadists of renown)

Can you explain to me the brilliant economic strategy of locking these people up in offshore detention - and simultaneously "not" processing them?

Here we have a situation where the ADF is now turning boats around and those they miss get sent back the minute they get anywhere near us...so the flow is ostensibly stopped.

But we have a situation where this brain-box of a govt decides they prefer to let those who made it rot on in these "camps".

These gulags cost $1.2 billion a year to operate.

So the upshot is that even though the boats have been stopped - for some reason this govt thinks it's a great idea to fork out $1.2 billion per annum to not process those already detained.

Because they are economically incompetent - that's why.

Poirot, Costello not only paid off past debt, he also paid 50$billion into the Future Fund, which now is worth 117 billion. Then he returned some tax to the people who had paid it, which is as things should be.
The rot set in when Labor invented new super mining taxes and started spending that money, before even a cent even came in the door. The price of iron ore and coal were highest under Labor, so they could have saved some, but chose to waste it with you beaut schemes.

Labor had 6 years to do something about diversifying our economy, they did nothing other than assist their union mates, as trade union leaders don't know how an economy works, they just know how to spend other peoples money.

The 900 people held in detension are free to go home if they wish. Keeping them there is far cheaper than the billions cost of dealing with an ever growing tide of boats as it was at one time. Just ask the EU what they are spending.

Yabby,

It's pretty well established now that the Howard/Costello govt was (twice) found to be one of the most profligate govt's in Australia's history. Costello sprayed much of his boom up against a wall - that is also a standard view.

There was little reform...and a whole lot of pork barreling.

We have to go back to Keating for any semblance of reform.

Costello was made to look much better than he was, because of the fortunate economic times over which he presided.

Left a paltry $50 billion in the coffers - and spent like a drunken sailor to garner votes.

You're another who ignores the GFC....thank god it didn't occur under a Coalition watch!

SteeleRedux, "Recently my wife and one of my children each bought house and land packages in a urban revitalisation project near us. They had done their sums and if they get the average rent in the area it will cover the repayments"

Gosh, 'smart investing' in rental property is that simple, eh?

It is just storytelling isn't it? LOL