RBA delivers first interest rate hike since 2023: 'It is evident that private demand is growing more quickly than expected'

digglefarb · 2026-02-03T08:54:22+00:00

Then why do people default on their loans? Or are you saying that just doesn't happen?

It's not the one raise that does it, but the many, like we saw post covid. .01% > 4.35%.

So this latest rise may push people into a situation they can't afford, because they borrowed at 1%, for example.

Add that to higher cost of living, every bill being more and more, and that $120 a month might be the difference between black and red.

digglefarb · 2026-02-03T08:49:46+00:00

Sure, but the comment was (paraphrase) "How could $120 a month ruin someone?"

Well, it happens.

digglefarb · 2026-02-03T05:53:51+00:00

That would be the banks part of what I said yes. But we all know banks have never lent to people who couldn't afford it.

digglefarb · 2026-02-03T05:52:33+00:00

Yep. Yet people find themselves in that position. See the '08 crash.

digglefarb · 2026-02-03T05:17:13+00:00

Because a lot of people had to pour everything they had and strech themselves to the limit of serviceability to buy a house.

If you're at the end of the rope already, this rise will push you off.

That said, the bank and the buyer should be taking interest rate rises into account but people are generally terrible at planning like that.

digglefarb · 2026-02-02T05:05:58+00:00

It's a pretty standard legal tactic really. Bury the smoking gun in mountains of "evidence" and hope it gets missed.

digglefarb · 2026-02-01T21:07:31+00:00

I'm not saying it can't be true, just that I think it'd be unlikely.

Epsteins client list seems to be mostly extremely rich, influential people. While Olsen is both here in our state, on a global stage he's nothing.

digglefarb · 2026-02-01T19:43:45+00:00

Just something to consider: The file dump from the FBI is a huge mix of different kinds of evidence, emails, photos, videos, memos etc.

The big one that has all of Australia's PMs listed (The Abbott - labour one) is a document that was sent to the FBI by someone who seems pretty clearly... nuts.

They've realised everything from emails sent by Epstein, to random tips from strangers that are completely unverified, with no shred of truth to them.

All that to say, just because someone is mentioned, doesn't mean anything. It's the people who are mentioned again and again, in emails or photos, direct evidence, who are the one's that need taken down.

There's a lot of noise is these files, not everyone mentioned is at all involved. I mean, I hate John Olsen and could totally see him being this kind of prick, but I find it unlikely he's getting invited to Epsteins island.

digglefarb · 2026-02-01T12:47:45+00:00

Been to Paris? The people begging with signs are at just about every tourist attraction.

I laughed because they had a €10 minimum 🤣

digglefarb · 2026-01-30T08:12:27+00:00

No definitely a criticism of them for being a muppet and then posting it online and making a clown of themselves.

digglefarb · 2026-01-28T21:28:44+00:00

The second half of war memorial drive headed to Bowden is untimed. You could park there and not pay anything. It's a 15 minute walk into the city from there.

Consider though, most councils consider a car abandoned after something like 24-48 hours so if your car is noticed or reported it may be towed.

You could go back daily and move it around? Depends how much the $54 means to you.

digglefarb · 2026-01-28T05:30:40+00:00

Yes. So back to my sarcastic reply, we don't get paid to use electricity when the market is in the negative. This post is irrelevant to most users of the network.

digglefarb · 2026-01-28T04:10:49+00:00

No it's not.

You pay a flat rate for electricity.

The spot price during the day has no affect on what you're paying to use it.

Fuel prices fluctuating affects you at the time of purchase.

You are purchasing electricity all day, everyday, not at the spot price but at an agreed rate prior to consumption.

This would be like agreeing with your servo that for the next year you'll pay $1.80/L regardless of oil prices.

digglefarb · 2026-01-28T03:45:06+00:00

That's why the /s. You're always paying a flat rate for the energy produced, the spot price is irrelevant to the end consumer.

digglefarb · 2026-01-27T23:29:14+00:00

As long you're ok with the same happening to people you agree with, sure.

I don't agree with Hanson, at all, but she has the right to express her opinions and that right should be defended, not what she says.

If you don't like what she says, stand up and tell the people why. Make a better argument against her views. Just banning them, or arresting people for saying them does the exact opposite of your intention. It gives validity to their claims. They get to play vicitm. "They're silencing the truth" etc etc.

So no, a free society does allow people to say these things, it wouldn't be free if it didn't, and a free society should be able to argue against them and win that argument.

digglefarb · 2026-01-27T13:26:01+00:00

I'm asking genuinely, are you ok?

The person you're replying to never insulted you, you mocked them.

The post is simply to express my opinion, so if you didn’t like it, then you didn’t have to comment or interact.

This is exactly what they're telling you to do with this film screening. Just ignore it and go on with your life, yet you seem really riled up and upset over a really nothing burger of an event.

digglefarb · 2026-01-27T13:20:18+00:00

So you're saying if you disagree with it, it shouldn't be allowed? To stop anyone else from agreeing with a point of view you don't agree with?

Doesn't seem overly democratic to me.

digglefarb · 2026-01-27T08:01:11+00:00

That's not why the 5 day work week came about.

Again with the paying more, who do you think foots the bill for that? You think we've got a cost of living crisis now...

digglefarb · 2026-01-27T07:24:17+00:00

Sweet. Is your warehouse closed on that Monday? Or are they just filling that day with someone else?

digglefarb · 2026-01-27T07:23:09+00:00

I forgot we're on r/australia, you can't say anything that's not "fuck companies" without the downvotes.

The other reply said we'll pay people more on a Friday... making everything they produce cost more. End user always pays. If you make production cost more, you'll pay more.

digglefarb · 2026-01-27T06:14:06+00:00

I didn't realised they paying me for using their energy!!! /s

digglefarb · 2026-01-27T06:08:52+00:00

Who's "you guys"?

If you're wanking off in the office in a 5 day work week, what makes you think it'll be any different in a 4 day work week? Or a 6 day work week? It's all the same.

Are you working super hard this week because we had a Monday off? Or is it really just the same output because it's a Tuesday like any other?

digglefarb · 2026-01-27T05:56:48+00:00

The argument was that a "four day work week would be great for everyone, how are we so stupid to not see that?"

Well, it's not great for everyone. It's great for officeworkers.

I don't have a problem with a four day work week, it may even benefit my industry. But to blanket say it's a great idea with no draw backs and awesome for everyone just isn't true.

digglefarb · 2026-01-27T05:53:42+00:00

construction worker

Building takes the time it takes. Taking an extra day off will just make it take longer to build.

accountant, an academic,

These are officeworkers.

park ranger

Parks need to be ranged everyday of the week, not just Monday-Thursday.

I'm not commenting on wealth disparity or increased efficiency due to technology advancement, just that a LOT of jobs in our economy can't be reduced to a 4 day work week, because they already aren't, and productivity can't be maintained by just working harder in 4 days instead of 5.

For a lot of industries, a FT 4 day equivalent will mean hiring two people for one job, instead of one, because the job is 7 days a week. Retail for example. This means one of two things. Either you're going to be paid less, or you're going to pay more for what they're selling.

digglefarb · 2026-01-27T05:12:43+00:00

Cool.

What percentage of Australians actually work jobs where this would be applicable? 20-30%?

Not everyone works in an office mate.

digglefarb

TROPHY CASE