Australian (ASX) Stock Market Forum

Latest Inflation Figures

We have two sons. The oldest left school at the end of 3rd high school and is a skilled heavy diesel fitter firming ensconced in the Pilbara with a wealth of knowledge.
Son no 2 went to Uni and is a qualified Vet working in the South=West. He too is highly skilled, as a surgeon and big animal Vet.
They chose their paths in education many years ago and have the benefits from those choices today.
and the ASF banner ad seems to allow access to more insights into your family?
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Google knows what you search for. It then displays ads that match those searched for keywords hoping you will click and buy. Ads have been targeted like this for years. Facebook do it too. Everyone does I think.

It does result in better ad performance. If you are going to buy, do it from an ad you see on ASF please as it benefits the publisher as well.
 
With you. Plenty do their best to get ahead. I think this generation is more serious than previous generations and they need to be!
A lot of them are still spoiled brats, my neighbour has 2 kids that basically do nothing around the home, and the 3rd who left home was telling me he ran a mechanical workshop at the age of 22 which was BS. During covid, they bought a puppy and when it turned into a dog the father didn't allow it in the house anymore so the kids didn't give any attention and it would run away. Living on a main road I thought it would get run over so I chased it up and down the road while one of the kids about 17 years old watched out of the window.

The father works 7 days a week taking care of the workshop that 22 year old says he ran and the father isn't very well, the 2 other kids do nothing around the home, the lawn is usually half a meter tall and the father cuts it before he goes to work. The daughter who is now in her early 20s, works for about a year at a time as a waiter and then spends 2 months in Thailand and loses her job, over and over again.
 
Given the decades of declines in real wages, wages are now far too low too entice young people into working. If they can never afford to buy a house, etc why would they work when they can just stay at home with their parents for free or receive government welfare? And many young women are just going the sugar baby and only fans route while young men just take gig work (uber driver, temp agencies etc) a few days here and there when they need pocket money. A young man living with his parents who just plays video games really does not need all that much money.

If wages doubled and working conditions improved a lot more young people would bother with working.

The country needs to get off the immigration drug. This would force companies to start paying higher wages and more young people would reenter the work force.
paying/up-skilling//retaining , SOME companies are their own worst enemy
 
A lot of them are still spoiled brats, my neighbour has 2 kids that basically do nothing around the home, and the 3rd who left home was telling me he ran a mechanical workshop at the age of 22 which was BS. During covid, they bought a puppy and when it turned into a dog the father didn't allow it in the house anymore so the kids didn't give any attention and it would run away. Living on a main road I thought it would get run over so I chased it up and down the road while one of the kids about 17 years old watched out of the window.

The father works 7 days a week taking care of the workshop that 22 year old says he ran and the father isn't very well, the 2 other kids do nothing around the home, the lawn is usually half a meter tall and the father cuts it before he goes to work. The daughter who is now in her early 20s, works for about a year at a time as a waiter and then spends 2 months in Thailand and loses her job, over and over again.
@TimeISmoney Sign of the times I guess.
Though I know what I would be doing with 20-year-olds.........................
 
@TimeISmoney Sign of the times I guess.
Though I know what I would be doing with 20-year-olds.........................
I'm not sure what the 17 year old does all day but rarely left the house in the past 2 years unless he's got to buy food, I think he studies over the net but he has zero social skills, has no friends, nothing other than the sister.
 
I'm not sure what the 17 year old does all day but rarely left the house in the past 2 years unless he's got to buy food, I think he studies over the net but he has zero social skills, has no friends, nothing other than the sister.
This 17-year-old definitely needs to get a life.
Plenty of options available even if only doing some kind of free social welfare work.
Perhaps he might even learn how to communicate past the usual yeah, like, um and err.
 
This 17-year-old definitely needs to get a life.
Plenty of options available even if only doing some kind of free social welfare work.
Perhaps he might even learn how to communicate past the usual yeah, like, um and err.
not such a great idea , he could get cancelled over almost any word these days
 
ABS Data on inflation out today.
Whichever way you look at it, inflation is heading downwarda.
Would almost guarntee another rate cut in Ju;y.
Mick
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Well you can't get blood out of a stone, when everyone is paying ridiculous rents, or ridiculous mortages, there isn't a lot of fat left on the bone to inflate.
It ain't rocket science.
You just have to be a landlord, with a Government job and you have aced it. Lol
 
Whichever way you look at it, inflation is heading downwarda.
Agreed it's heading downward measured the way government measures it.

My as-lived experience however is of ongoing price rises. Insurances (home, car, health), utilities, food etc are all up substantially year on year. Meanwhile house prices also still seem to be rising.

Government is perhaps obtaining data by roaming around luxury fashion stores and car dealerships in Sydney followed by returning to their room in a five star hotel. I don't think they're getting it from their local supermarket, utility bills or looking at houses for sale. :)
 
Well you can't get blood out of a stone, when everyone is paying ridiculous rents, or ridiculous mortages, there isn't a lot of fat left on the bone to inflate.
It ain't rocket science.
You just have to be a landlord, with a Government job and you have aced it. Lol
Are you a landlord @sptrawler ?
I am nearly sure you are not😊
Cause I am VERY happy not to be one anymore!!!!!
If it was such a big returns rich option, you would see a booming market and construction rush everywhere.
It does not happens.
Landlords are subsiding renters in many cases.. otherwise noone would be protesting on how negative gearing is so unfair.
And landlord would be rolling in it on resale..
Not always https://www.smh.com.au/property/new...ost-homes-sell-at-a-loss-20250617-p5m7yg.html
Worse for units by far .
And thanks to inflation and 4% returns on cash, imagine how much you actually lose as a landlord after years of losses .....
IMHO, Australia in the last 20y or so, has forgotten about the compounding effect of inflation and taxation on the wider sense.
You see it on this forum on real estate and share price discussion after dividends.
Few are the people who actually made any progress in real estate after inflation, costs and taxes past the post covid boom top.
Which is now nearly 4 y.
So back to inflation changes:
If inflation reduces, should you buy real estate or more CBA shares?
That is the quintessential Australian investor dilemma it seems?
 
On the street level it looks like inflation has started to come down.

I've been re-negotiating prices with all my suppliers, and I have had no issues. All my suppliers appear very eager to reduce prices without a second word, and by a decent margin.

If my business is able to get prices reduced there must be many more doing the same.
 
The latest CPI figures for July have srprised a few.
From ABC News
Unsurprisingly, Energy Prices were a major contributor.
Looks like a hold on the next rate rise.
Mick

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On the street level it looks like inflation has started to come down.

I've been re-negotiating prices with all my suppliers, and I have had no issues. All my suppliers appear very eager to reduce prices without a second word, and by a decent margin.

If my business is able to get prices reduced there must be many more doing the same.
not the price that is the issue for , it is the wait for delivery ( 3+ months ) for one piece of gear , and the rival offers a similar waiting period ,

so maybe some suppliers have already de-stocked where possible

and not where i am looking has inflation come down , in fact some services ( like power tariffs , and insurance ) are increasing
 
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