What is Happening with the Australian Economy
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- Опубліковано 21 чер 2024
- In this video, we explore Australia's unique economic situation, which feels like a recession but isn't technically one. This phenomenon, dubbed "vibecession," captures the disconnect between official economic indicators and Australians' everyday struggles.
Delve into the factors contributing to this unusual state, such as low unemployment rates versus rising living costs and wage-push inflation. And understand why people feel the pinch despite positive GDP growth and what this means for Australia's future economic stability.
Disclaimer: The information provided in this video is for educational and informational purposes only and should not be considered professional financial, investment, or legal advice. We shall not be held responsible for any errors or omissions in the content. Any action the viewer takes based on the information provided in this video is solely at their own risk.
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Labor has systematically destroyed it through extremely high power costs making it totally uneconomical for businesses to run. Labor also refuses to decrease petrol tax all which has driven inflation through the roof. With mass immigration their are no homes available to anyone except the rich. In other words Labor doesn't give a stuff for working class people - they have completely lost the way......
222,000 Australians leave the country permanently every year due to the extraordinarily high cost of living. I find this statistic unbelievable! So much for the lucky country…which it was, but isn’t any more. Sad! 😢
Sounds like RBA propaganda
Bitcoin is on its way to down, getting closer to hitting new high prices, showing that it's loosing more value and could go even higher than we've seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It's an exciting moment that could change the game in general...managed to grow a nest egg of around 2.1Blitcoin to a decent 11.4Biitcoin. At the heart of this evolution is mrs Beley Haener, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment
The fall of the west
Our wage growth is laughable because inflation grew by ten folds in the last decade. Wage growth was suppressed during those times by the previous government and not everyone benefited by the meager long awaited wage growth. Also factor in all cost of living has risen and we have a housing crisis aswell. This so called "wage growth" made no effect. More and more Australians are facing homelessness as their rents are beyond 50% of their wage.
Inflation 9.1% and growth is 1.8% so real actual growth is -7.3% ! The country has shrunk its economy by -7.3% because inflation is negative growth ! Ha ! Ha ! Ha ! Hilarious 🤣
If Australia is fiddling the books like all the other G7 countries, then it will be counting Govt. spending in its GDP figures. Creating government jobs is not adding anything to the real economy, but is getting people used to the idea of a basic income economy.
Utter bull.
No matter what occurs, as long as house prices and rents rise the GDP will rise. Sure you can mention the minerals, but house prices are the real GDP boaster.
Economy- We are heading for a recession.
We are in a recession - a per-capita recession. The only reason GDP is going up, is because of massive immigration. The pie is getting slightly larger but shared among a lot more people.
As someone working in retail every week we break the record for 'worst take ever', as a country hardware store we are borderline essential to tradies farmers and general community.
Businesses increase wages to hire / attract more staff, and then to curb with rising costs of hiring & manpower, inflate the price of goods & services to increase profits to keep the business afloat. In other words, the rise in salary is passed on to consumers eventually..
In the 12 months till September 2023 Australian household income slumped by 6.1 adjusted for inflation the sharpest fall across the OECD. The only reason there is a slight increase in GDP is because of the massive increase in immigration. That is why Australians are feeling and are really in a per capita recession.
Inflation is the result of deficit government spending or surplus capital from outside sources.
Ohh It's just in my head,Iam just imagining everything.
I don't care up or down or rise or fall..... Just tell me whom do we owe?????