Australians being told to turn off dishwashers due to power shortages while being offered home loans with a 2% deposit.
Feels like the ponzi really is coming to an end.
Discussion
Markets can remain irrational for a while yet!
Unless we get rolling blackouts, conflict-linked trade disruptions, or someone drops even a small nuke somewhere.
That's the moment the music stops...
It makes me think they will never really stop playing the music.
You could get everything you mentioned and the media and politicians would still be pumping out the music trying to get us to keep playing 😂
Truth. I was a kid in the early 90s recession, but I do remember the govt telling people not to worry and to spend money. It didn't work then.
We have a much more openly controlled media ecosystem now, but are also far more dependent on external "black money" capital flows from India and China. Those governments may not choose to play along...
Not a serious country.
A complete joke.
Gifted with with so much natural abundance to be completely squandered.
I feel like Australia just missed being sufficiently industrialized before going to a fiat standard. What manufacturing there was is slowly dying. Can’t even make cars when protected by import tariffs. It’s just digging holes and building overpriced homes and sliding into socialism. The world’s least diversified economy. They should buy some bitcoin before it’s too late and they become a loser third world nation.