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Solemn Sloth posted:62 new posts I thought Birb shorted had a stroke or something but no, just another auspol cat fight I was too busy having a stroke to post, these slap fights get me going  e: fap snype
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Oct 13, 2015 23:53
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Cats are strange.
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Oct 13, 2015 23:55
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Much like your...avatar?
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Oct 13, 2015 23:58
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something 2 think about
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Oct 14, 2015 01:45
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hmm strange. people are still talking about cats as if they're not just garbage dogs?
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Oct 14, 2015 01:47
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Time for some...politics? NBN would go back to fibre optic under Australian Labor Party, says Jason Clare http://www.smh.com.au/business/nbn-would-go-back-to-fibre-optic-under-australian-labor-party-says-jason-clare-20151013-gk8fih?stb=twt quote:Shadow Communications Minister Jason Clare has indicated that Labor would ramp up the amount of homes connected using fibre-optic cabling as part of the $56 billion national broadband network if it wins the next Federal Election.
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Oct 14, 2015 01:52
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Halo14 posted:Time for some...politics? This is just code for "we'll promise FTTN to marginal electorates and actually do it and then we'll win". Something tells me Bendigo might get NBN in town after all.
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Oct 14, 2015 01:58
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ewe2 posted:This is just code for "we'll promise FTTN to marginal electorates and actually do it and then we'll win". Something tells me Bendigo might get NBN in town after all. Yeah true. Ridiculous how they're going to the expense of new copper in certain areas.
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Oct 14, 2015 02:18
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So, how badly is an interest rate increase going to gently caress up a lot of people? I'm assuming that the other three big banks will follow Westpac's suit, AND that if the RBA increases rates again, they'll do another rate hike. I know a lot of people are living in the margins of affordability with their mortgages, and unless (and probably even if) you've just taken on a five year fixed rate mortgage (assuming interest rates will continue to increase over the next 5 years), even a small increase can be horrible. And I wonder how many people with investment properties will pass on the increase to renters.
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Oct 14, 2015 03:53
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Mithranderp posted:So, how badly is an interest rate increase going to gently caress up a lot of people? I'm assuming that the other three big banks will follow Westpac's suit, AND that if the RBA increases rates again, they'll do another rate hike. I know a lot of people are living in the margins of affordability with their mortgages, and unless (and probably even if) you've just taken on a five year fixed rate mortgage (assuming interest rates will continue to increase over the next 5 years), even a small increase can be horrible. And I wonder how many people with investment properties will pass on the increase to renters. In what possible world would the RBA increase rates beyond the next 12-18 months?
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Oct 14, 2015 03:58
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Mithranderp posted:So, how badly is an interest rate increase going to gently caress up a lot of people? I'm assuming that the other three big banks will follow Westpac's suit, AND that if the RBA increases rates again, they'll do another rate hike. I know a lot of people are living in the margins of affordability with their mortgages, and unless (and probably even if) you've just taken on a five year fixed rate mortgage (assuming interest rates will continue to increase over the next 5 years), even a small increase can be horrible. And I wonder how many people with investment properties will pass on the increase to renters. that person that 'owns' 29 homes by the time they're 30 won't be doing so well
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Oct 14, 2015 03:58
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Now that Turnbull's in, and the economy has the momentum of a runaway freight train, we'll have to jack them up to 15%.
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Oct 14, 2015 04:00
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A gathering of world Catholic bishops has been thrown into confusion with the leak of a letter from conservative cardinals to Pope Francis bitterly complaining that the meeting is stacked against them. Australian cardinal George Pell gave the Pope the letter accusing him of stacking the cards against conservatives in an ongoing battle over issues including the church's approach to gays and to divorced and remarried Catholics. L'Espresso newsweekly, which published the English-language letter in full, said 13 cardinals signed the letter and one of them delivered it by hand to the Pope last week. gently caress you suck Pell
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Oct 14, 2015 04:02
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Les Affaires posted:In what possible world would the RBA increase rates beyond the next 12-18 months? Interest rates have been, at least in historical terms, incredibly low recently. They've either stayed the same or decreased for the past 4 years or so. When I said "assuming interest rates will continue to increase over the next 5 years" I basically meant "assuming interest rates will be higher in 5 years than they are now" because in my very limited understanding of how interest rates work, that is almost a certainty.
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Oct 14, 2015 04:08
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Les Affaires posted:In what possible world would the RBA increase rates beyond the next 12-18 months? lol nice title.
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Oct 14, 2015 04:15
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Mithranderp posted:Interest rates have been, at least in historical terms, incredibly low recently. They've either stayed the same or decreased for the past 4 years or so. When I said "assuming interest rates will continue to increase over the next 5 years" I basically meant "assuming interest rates will be higher in 5 years than they are now" because in my very limited understanding of how interest rates work, that is almost a certainty. I am just going through the process of restructuring my finances. When I recently sold my home the rates being offered were .25% higher than what they are offering now, this is in the space of six months. Banks are wanting to lend to me at a fixed rate for up to 3 years for ~ 4%. If the banks are locking in for lower than what the average market is at the moment it shows that they're betting against the fact it's going to go lower. hambeet fucked around with this message at 04:20 on Oct 14, 2015 |
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Oct 14, 2015 04:17
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Mithranderp posted:Interest rates have been, at least in historical terms, incredibly low recently. They've either stayed the same or decreased for the past 4 years or so. When I said "assuming interest rates will continue to increase over the next 5 years" I basically meant "assuming interest rates will be higher in 5 years than they are now" because in my very limited understanding of how interest rates work, that is almost a certainty. So yes, in the next 5 years there is a high chance rates will be higher than they are now, but how much higher? That depends on a ridiculously large number of factors. The RBA doesn't increase rates in a vacuum, they do it taking into account an enormous amount of data about the economy. Westpac are no different. They would be looking at their balance sheet and their loan book and working out how tolerant their mortgage customers (and other loans admittedly) will be to a rate hike and making a judgment based on that. The marginal will either endure mortgage stress, or eventually sell or downsize. However, I think from memory a lot of the latest tightening by APRA and Basel has included doing regular stress tests, using an assumed 7% interest rate of mortgages. So even though rates are low now, a lot of mortgages that the banks have been taking have been forced to do so assuming the rates are a lot higher than they are now. The RBA has said repeatedly in past statements over the last few years that australian mortgage holders are paying off their debt faster than necessary, which has been part of the reason why growth has slowed - people are saving more than spending, just because they haven't reset the regular payment into their mortgage account. If/when rates go up, they'll start eating into this before a significant amount of mortgagees undergo mortgage stress. The other banks have already increased rates on investor and interest-only loans, they did so a while back when the new APRA rules came into effect forcing them to get a lot more money and a lot less leverage. i guess to answer your question about mortgage stress and "life being horrible after a small increase", this really depends moreso on lovely lending practises that some of the smaller banks like BoQ were doing prior to the APRA tightening, but also on how dodgy your mortgage broker is, and how far you're willing to bend the rules to get a mortgage without having adequate safeguards behind you. I don't think that situation is very widespread here, because we had the advantage of time and hindsight after the GFC where we saw how much this hosed the USA housing market in that process.
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Oct 14, 2015 04:22
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Beetphyxious posted:lol nice title. cheers, i have no idea who would argue against feeding poor people
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Oct 14, 2015 04:24
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Mithranderp posted:Interest rates have been, at least in historical terms, incredibly low recently. They've either stayed the same or decreased for the past 4 years or so. When I said "assuming interest rates will continue to increase over the next 5 years" I basically meant "assuming interest rates will be higher in 5 years than they are now" because in my very limited understanding of how interest rates work, that is almost a certainty. During the Hawke years they were 17%, which prompted a recession and 1 million+ people becoming unemployed. That's obviously an extreme example but it'd likely affect a much wider portion of the population than just people who are in the housing market.
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Oct 14, 2015 04:26
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Les Affaires posted:cheers, i have no idea who would argue against feeding poor people You were arguing that pet food, which you can get made almost entirely out of products that would have been used as waste, could somehow be reconstituted further than it already is and fed to the poor despite citing nothing to back up that this is even possible. Meat unfit for human consumption + X = food fit for human consumption, solve for X quote:Sure you could feed pets food that is not fit for human consumption, but you could also recycle it back into the production chain to produce human-suitable food for feeding the third world. And no it wasn't me.
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Oct 14, 2015 04:57
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open24hours posted:Now that Turnbull's in, and the economy has the momentum of a runaway freight train, we'll have to jack them up to 15%. It'd be nice to earn interest on cash that's actually above the rate of inflation. gently caress, what a dream!
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Oct 14, 2015 05:00
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Dude McAwesome posted:It'd be nice to earn interest on cash that's actually above the rate of inflation. gently caress, what a dream! Maybe you'll have to invest that money into productive enterprises instead. Have you considered venture capital?
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Oct 14, 2015 05:02
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Zenithe posted:You were arguing that pet food, which you can get made almost entirely out of products that would have been used as waste, could somehow be reconstituted further than it already is and fed to the poor despite citing nothing to back up that this is even possible. Meat unfit for human consumption + X = food fit for human consumption, solve for X X = the bodies of the rich.
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Oct 14, 2015 05:05
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GoldStandardConure posted:X = the bodies of the rich.
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Oct 14, 2015 05:07
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Feeding pet food to the third world has a few ethical issues of its own.
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Oct 14, 2015 05:11
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I'll come again when you have judge on the menu.
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Oct 14, 2015 05:14
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Vladimir Poutine posted:During the Hawke years they were 17%, which prompted a recession and 1 million+ people becoming unemployed. That's obviously an extreme example but it'd likely affect a much wider portion of the population than just people who are in the housing market. What even caused that? We had 20% at the same time in Canada and I have no idea why because I was like 2.
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Oct 14, 2015 05:18
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Having one pet is not that bourgeois, even if it's a cat. Cats can hunt mice (viz. natural pet food), and there's clinical data to suggest purring cats work as a kind of sonic treatment for broken bones. Of course, having a dog is easier to justify due to the wide range of tasks humans train them for, but having pets overall doesn't just make you feel good: there are proven mental health benefits. This is what annoys me about intense environmentalism: there's so much guilt and you have to justify everything. It might be healthy for the environment, but it's not healthy for you. Saving the planet is one thing, doing it at the expense of everything that makes life worth living is quite another. There's no point living in a verdant paradise if you have to make yourself utterly miserable just to get there.
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Oct 14, 2015 05:28
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HookShot posted:What even caused that? We had 20% at the same time in Canada and I have no idea why because I was like 2. Stock market slump in 1987 - West Germany and Japan pushed up interest rates, so US rates rose, so there were big share selloffs. Combined with a surge and then decline in commodity prices and high interest rates (among other things) that resulted in an early 90s recession.
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Oct 14, 2015 05:31
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Post your favourite justifications for caring more about your cat than a person you don't know starving to death
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Oct 14, 2015 05:33
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$1 spent on cat food is not $1 not spent on feeding the poor. Cat owners would find something else selfish and dumb to spend their money on
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Oct 14, 2015 05:37
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I seem to have received 3 years worth of crikey subscription simply for renewing my previously lapsed 30 day subscription. Not sure if I am interpreting this right or it is part of the plan or if it was a simple goof on their part but I'm not complaining.
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Oct 14, 2015 05:46
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first dog is at the guardian now though
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Oct 14, 2015 05:51
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The Narrator posted:Stock market slump in 1987 - West Germany and Japan pushed up interest rates, so US rates rose, so there were big share selloffs. Combined with a surge and then decline in commodity prices and high interest rates (among other things) that resulted in an early 90s recession. Ah cool, thanks.
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Oct 14, 2015 06:00
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Cats are bad and their kittens are bad too Murdork posted:Fat Cat's son faces jail for siege
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Oct 14, 2015 06:05
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Have we tried kill all the poor?
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Oct 14, 2015 06:08
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Lid posted:Have we tried kill all the poor? The computer said it won't work so we're not doing it.
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Oct 14, 2015 06:15
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Seagull posted:The computer said it won't work so we're not doing it. Did you try raise GST and kill all the poor?
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Oct 14, 2015 06:17
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Beetphyxious posted:first dog is at the guardian now though The grauniad is an excellent publication did you see today's series entitled "photos of politicians with cows"
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Oct 14, 2015 06:29
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Negligent posted:Post your favourite justifications for caring more about your cat than a person you don't know starving to death I don't get in trouble for waving food infront of a cat and then eating it all myself.
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Oct 14, 2015 06:31
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