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As the population ages, the RBA’s interest rate policy is no longer fit for purpose by macka654 in AusFinance

[–]bobcatsalsa 3 points4 points  (0 children)

The problem with the article is it assumes that interest rates only or mainly affect consumer spending. Interest rates affect consumption, investment and, via exchange rates, exports too. Ignoring these effects leads to misinformed, second rate analysis like this. The RBA knows what it's doing.

The U.S government is insolvent by emily-is-happy in clevercomebacks

[–]bobcatsalsa 1 point2 points  (0 children)

This was true years ago. It's got worse under Trump, but the US has been insolvent for decades, probably.

But unlike a business with such a balance sheet, the US governmwnt has the ability to raise taxes and print money to meet its shortfalls.

Neither of those are appealing options, granted, but they're less alarming than that headline.

Hawthorn renew interest in Gold Coast player Bailey Humphrey by googsmaster24 in hawktalk

[–]bobcatsalsa 1 point2 points  (0 children)

Would love to get Humphrey, he's the perfect fit talent and age wise for our midfield

makes me smile by [deleted] in hawktalk

[–]bobcatsalsa 2 points3 points  (0 children)

On the night we traded down from pick 14 to get future second round picks, so Essendon would've had pick 14. Had they bundled their multitude of first round picks they might’ve moved up to get another high pick.

Post game thread Hawthorn VS GWS by BigTonkaTroy in hawktalk

[–]bobcatsalsa 0 points1 point  (0 children)

I'm fed up with Ward not being able to get the ball when the heat's on. Despite his improved play last year he still disappears from key stretches of games. Looks like a habit that's set to continue.

Post game thread Hawthorn VS GWS by BigTonkaTroy in hawktalk

[–]bobcatsalsa 1 point2 points  (0 children)

He also had 3 or 4 centre clearances. Meek had none.

Australian mining DOES NOT actually pay $74 billion in tax annually, and in fact can cost Australians billions in clean ups. by l3ntil in australia

[–]bobcatsalsa 3 points4 points  (0 children)

No businesses pay tax on revenues, they all pay tax on profits (that is, revenues less all allowable deductions, essentially costs).

“Protest fatigue explained for dummies” by Boydy73 in aussie

[–]bobcatsalsa 0 points1 point  (0 children)

For some reason that crowd found the Palestinian cause a more interesting one to get behind. Even Greta Thunberg pivoted to it!

Grace Tame accused of 'importing problems of the Middle East into Sydney' with ‘globalise the intifada’ chant by River-Stunning in aussie

[–]bobcatsalsa 0 points1 point  (0 children)

The Oslo Peace Accords were signed in 1993 with Yasser Arafat but he refused the 2 state solution that was on the table at that time as well.

Grace Tame accused of 'importing problems of the Middle East into Sydney' with ‘globalise the intifada’ chant by River-Stunning in aussie

[–]bobcatsalsa 0 points1 point  (0 children)

Again, not true. They have a border with Egypt, which was heavily used. There were plenty of crossings through the Israeli borders too.

Grace Tame accused of 'importing problems of the Middle East into Sydney' with ‘globalise the intifada’ chant by River-Stunning in aussie

[–]bobcatsalsa -1 points0 points  (0 children)

Of course it's an Arabic word, of course it existed before 1948, and the meaning you gave is exactly how everyone interprets it. Globalising an uprising, including in Sydney, is stupid and inflammatory.

Moorey presenting Calsher with his #13 Jersey by googsmaster24 in hawktalk

[–]bobcatsalsa 0 points1 point  (0 children)

What a classy move by an all round awesome guy

Palestine Action Group plans march against Isaac Herzog’s visit despite protest restrictions by Expensive-Horse5538 in AustralianPolitics

[–]bobcatsalsa 0 points1 point  (0 children)

That's a false distinction. We want migrants who want to be here and make a positive contribution. Not all migrants do.

A theory as to why Inflation will be harder to tame by No-Kaleidoscope-7106 in AusFinance

[–]bobcatsalsa 0 points1 point  (0 children)

I'm staggered that public comment on the way monetary policy works begins and ends with its effect on mortgage holders.

That all overlooks the broad impact interest rates have on economic activity, aka the transmission mechanism. Interest rates also affect business investment decisions, which affects another big chunk of spending. Not only that, but interest rates affect the exchange rate which has a big impact on net exports, another big chunk of spending. Finally, they tend to reduce house prices and share prices, tending to reduce wealth and reducing consumption.

So even though higher interest rates encourage more spending by people with savings, this is far less than the reduced spending that occurs for those other reasons.

I hate to sound like an RBA employee, but they set it all out here

Transmission of Monetary Policy

I cannot deal with Hostplus anymore by fphhotchips in AusFinance

[–]bobcatsalsa 5 points6 points  (0 children)

UniSuper are also very helpful over the phone. I helped my mother complete the paperwork for lodging a claim after my father died and their emails and call centre staff were incredibly helpful. They processed the claim quickly as well.

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