05-09-2022, 11:12 AM
(05-09-2022, 10:40 AM)Lods link Wrote:My favourite Seinfeld momentGood points....fair chance there will be a recession with rising inflation numbers and interest rates rising here and in the USA.)
I'm just wondering whether it's an election worth winning.
The winner is probably going to be faced with forming a minority government in what promises to be a difficult and traumatic couple of years.
It might not be the best time to be in government.
The USA are seeing an inverted Bond Yield in relation to 10 year treasury bonds and that usually signifies a recession which will have a flow on effect down here in Australia.
Demand has dropped in China and the Ukraine war has shoved up oil prices so business is going to find it tougher and any government is going to find it harder to deliver on election promises and handle the huge debts the country has after the pandemic.
Having the loony factions like the Greens, Clive/Craig and Pauline holding the balance of power if we get a minority Government would make its a nightmare to operate and give them all their payoff requests....you add to the fact that Albo the likely winner and his treasurer elect in Jim Chalmers are economically inexperienced it doesnt bode well..


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