Credit booms and a fancy taps and toilets economy

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On matters economic we have a major hubris infection at the federal level.

Neither side has any concept of what will be involved in weaning the country off credit boom economics.

Large chunks of the economy are reliant on credit boom conditions.

Will a grey and flat housing market keep shops selling fancy taps and toilets and other items essential to housing over capitalisation afloat?

Stress in household debt

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Nice work!

As much as the finance-housing complex like to keep telling people that there is nothing to fear because disposable income and employment are holding up, that debt albatross is starting to develop a nasty odour.

Even if they are meeting their debt payments people are no longer so sanguine about their debt as a multiple of their income. Continue reading

Sell on News: Freedom v Free Markets

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The corporatist state depends on corporatist funding or that new nonsense – public funding.

For start a ban on politic donations from any one other than an individual and even those donations should be limited to personal labour and a small $ figure per annum.

Trade unions, corporations, trade associations, community groups must all be completely banned from making financial or in kind contributions to political parties.

Pollies and poltical hacks can sniff a buck from a distance, if the only source are voters they may start to take some interest in them and we might just return the favour!