Asian only now accepting all races - a sign of the economy?

[Fred Flintstone]

Yes this is true. This is how it might play out:

- Residential property / household debt bubble popping.

- Bank balance sheets are stretched paper thin, possible bailouts required.

- ASX, being extremely overweight bank stocks, crashes along with them.

- Superannuation funds are dragged along for the ride.

The issue here is the system is built on all these bluechip investments that are supposedly super safe, but they are all exposed to the same risk of the residential property bubble.

All good points. The other major issue is soaring electricity prices as we try to appease the great Climate God. Switching off gas and coal to rely on Chinese made windmills and solar panels means our electricity costs will soar. Even more factories will close, not to mention the job losses in the gas and coal sectors

[Fred Flintstone]

Yes this is true. This is how it might play out:

- Residential property / household debt bubble popping.

- Bank balance sheets are stretched paper thin, possible bailouts required.

- ASX, being extremely overweight bank stocks, crashes along with them.

- Superannuation funds are dragged along for the ride.

The issue here is the system is built on all these bluechip investments that are supposedly super safe, but they are all exposed to the same risk of the residential property bubble.

All good points. The other major issue is soaring electricity prices as we try to appease the great Climate God. Switching off gas and coal to rely on Chinese made windmills and solar panels means our electricity costs will soar. Even more factories will close, not to mention the job losses in the gas and coal sectors

The future looks bleak

[Aussieguyinsf]

This thread has covered a lot ground.

[warwick1]

All good points. The other major issue is soaring electricity prices as we try to appease the great Climate God. Switching off gas and coal to rely on Chinese made windmills and solar panels means our electricity costs will soar. Even more factories will close, not to mention the job losses in the gas and coal sectors

The future looks bleak

Especially with a Socialist Govt under Albo............

[Meng]

Isn't albo gonna place a cap on energy prices?

Also recessions are normal occurrences for an economy. If you look at GDP over a longer period of time you'll notice peaks and troughs.

This recession is a interesting one though. There's a lot more forces at play than consumer confidence. For example most times recessions directly correlate with higher unemployment rate which isn't the case at the moment.

[Abracadabra]

Hookers like EE better get used to it. Indians are our biggest group of new arrivals and prop up our labour market. Contrary to popular belief, they are not all Uber drivers

As long as they follow normal rules of courtesy, most girls don’t have a problem with them

Money is money

Yes, decent behaviour, respect and etiquette are prerequisites. Perhaps some physical traits sometimes come into play....

[Abracadabra]

Isn't albo gonna place a cap on energy prices?

Also recessions are normal occurrences for an economy. If you look at GDP over a longer period of time you'll notice peaks and troughs.

This recession is a interesting one though. There's a lot more forces at play than consumer confidence. For example most times recessions directly correlate with higher unemployment rate which isn't the case at the moment.

Plus wage growth laging....its not wage push inflation meaning the RBA interest rate strategy hits and hurts average people whose wages are stagnant, particularly the over geared. The real culprits are global players and a mismanaged local energy transition.

[GoldfishMan]

Well, regardless of who the real culprit may be and whichever way inflation is hitting us (non-wage spiral, etc), you have to admit the cash rate is having the intended effect. Even in our little niche of the economy. MLs in RNTs running on empty, reduced rates. It is reducing inflation.

Now if you want to look at the rearview mirror and blame somebody for our predicament, look no further than APRA. This article sums it up very well:
https://www.abc.net.au/news/2022-12-...loor/101745144

Energy prices may have an impact, but the biggest elephant in the room is residential property prices, huge mortgages, and high rents as a result of that.

The RBA has a mandate to drive up inflation when it is too low (economy is slow), or to fight inflation when it is too high. Did APRA have a mandate to increase the size of mortgages people can take out to buy a home?

[syd_azn_guy]

Its business if you dont know andjust want your money

[Soton]

Isn't albo gonna place a cap on energy prices?

Also recessions are normal occurrences for an economy. If you look at GDP over a longer period of time you'll notice peaks and troughs.

This recession is a interesting one though. There's a lot more forces at play than consumer confidence. For example most times recessions directly correlate with higher unemployment rate which isn't the case at the moment.

Ow my head hurts....
Don't really want to get into an economics debate but I will just make a couple of points
The original catalyst for the inflation was not the usual supply/demand issue and the RBA should have picked that up and made a slight tweak much earlier.
Secondly the abnormal and false high employment levels and the cash handouts well above and beyond what people would have normally earnt coupled with major restraint of trade in many sectors left a large amount of disposable income in the system.
Thirdly investors/property owners and many particular industries increased their wealth by having their day to day costs reduced drastically and often subsidised which in turn falsely pushed up property values. Do not forget for all the bleating of Governments both State and Federally about providing affordable housing it is very disingenuous. They structure their economic outlook on an ever increasing property market. If you paid attention in one breath ScoMo rabbitted on about the unaffordable of housing for the young then released a budget designed to drive up prices.
Fourth and final because I meant it when I said I do not want to get into it......
Energy policy that subsidises everyone and everything while restricting supply....the old supply and demand driving up prices and tax payers forking out subsidies to both sides so they can charged more when the quarterly bill arrives. Wait till you see how much of our money was given to Qld and NSW to agree to a cap on Gas prices. More than 1K per household at a very rough calc. Will your bill reduce by that much as a result? Absolute demented economics.

[cuteguy]

If the WL had the choice of doing white guys in addition to Asian guys and making more money to purchase LV bags or Rolex watch then why not? It's still a human penis and not alien 👽.

[Meng]

Ow my head hurts....
Don't really want to get into an economics debate but I will just make a couple of points
The original catalyst for the inflation was not the usual supply/demand issue and the RBA should have picked that up and made a slight tweak much earlier.
Secondly the abnormal and false high employment levels and the cash handouts well above and beyond what people would have normally earnt coupled with major restraint of trade in many sectors left a large amount of disposable income in the system.
Thirdly investors/property owners and many particular industries increased their wealth by having their day to day costs reduced drastically and often subsidised which in turn falsely pushed up property values. Do not forget for all the bleating of Governments both State and Federally about providing affordable housing it is very disingenuous. They structure their economic outlook on an ever increasing property market. If you paid attention in one breath ScoMo rabbitted on about the unaffordable of housing for the young then released a budget designed to drive up prices.
Fourth and final because I meant it when I said I do not want to get into it......
Energy policy that subsidises everyone and everything while restricting supply....the old supply and demand driving up prices and tax payers forking out subsidies to both sides so they can charged more when the quarterly bill arrives. Wait till you see how much of our money was given to Qld and NSW to agree to a cap on Gas prices. More than 1K per household at a very rough calc. Will your bill reduce by that much as a result? Absolute demented economics.

Could I get a abstract of what you just wrote? A bit too long to read and no paragraphs.

Just a summary from everything after, "ow my head hurts..."

[Soton]

Now if you want to look at the rearview mirror and blame somebody for our predicament, look no further than APRA. This article sums it up very well:
https://www.abc.net.au/news/2022-12-...loor/101745144

Energy prices may have an impact, but the biggest elephant in the room is residential property prices, huge mortgages, and high rents as a result of that.

The RBA has a mandate to drive up inflation when it is too low (economy is slow), or to fight inflation when it is too high. Did APRA have a mandate to increase the size of mortgages people can take out to buy a home?

This was just one of many decisions that on the surface look absolutely moronic made by that flunky Frydenberg who also pushed for Aus to sign up to Net Zero BTW, when in reality it was a concerted effort to push up Housing prices and avoid a predicted slump.
It just highlights the problems in the Australian model of Democracy, no matter who you vote for a politician always wins.

FTR I am not advocating any other system, democracy comes in many flavours and works best when it sticks to basics and does not meddle in markets.

[Aussieguyinsf]

K Jisoo - new at 42G -another Asian only we need to convert to the light side. https://thenightshade.com.au/profile/jisoo/

[Roshtosh]

K Jisoo - new at 42G -another Asian only we need to covert to the light side. https://thenightshade.com.au/profile/jisoo/

Asians only but no Indians. Why? Her prerogative of course but I don't understand. Same for the "No Koreans".

[Rogeryou]

Asians only but no Indians. Why? Her prerogative of course but I don't understand. Same for the "No Koreans".

Indians have a bad rep mate and as for Koreans I guess she is either scared of being recognised or doesn’t want to be judged

She looks Fucken amazing

[Axeman123]

Asians only but no Indians. Why? Her prerogative of course but I don't understand. Same for the "No Koreans".

Don't worry buddy,if she's any good you'll read it here first.

[Sly22]

There are a few “ Asian Only” at Ginza… N5… 42G and Ginza
The demographic of punters in these places is predominantly Asian
Doesn’t hurt their business or the girls income

I have been planning a first brothel visit to either N5 or 42G. As an Anglo, would there be any issue? I don't have a problem with hanging with people of any race, but don't want to feel like an outsider or forcing myself in there.

[Rogeryou]

There are a few “ Asian Only” at Ginza… N5… 42G and Ginza
The demographic of punters in these places is predominantly Asian
Doesn’t hurt their business or the girls income

I have been planning a first brothel visit to either N5 or 42G. As an Anglo, would there be any issue? I don't have a problem with hanging with people of any race, but don't want to feel like an outsider or forcing myself in there.

Mate it’s a badge of honour Hahhaha, our money is good and many of them like the change of scenery 👍

[Sly22]

Mate it’s a badge of honour Hahhaha, our money is good and many of them like the change of scenery 👍

Doesn’t bother me being the odd gweilo in a waiting room of oriental gentlemen
The shop doesn’t care… they want your $$$

Thanks for the assurance guys
Now to execute the plan!