Everything Is Fine Boys… Honest!

[@dilligafwoftam985]

Bullock earns about $1.2 million and got a 10.5% pay rise last year, awarded by the RBA ... remember that when she talks about the 'average Australian '.😂

[@DC-lw7dj]

What about her investment property portfolio?

[@nagaster]

Migration is not just stoking inflation, it is stoking a lot of anger within Australia in regard to housing supply, infrastructure and general congestion. This government won’t be satisfied until Australians both old and new at literally at each other’s throats. The whole issue of releasing illegal immigrants who are convicted criminals into the Australian community is just a minor flashpoint when compared to the tsunami of issues that will flow from record setting migration levels. Ireland here we come.

[@bosschichi]

Such a shame because maybe we need to get there for real change to come about 😥

[@williamcrossan9333]

Indeed, I think you may be right.

[@redsed1565]

Agree. 900%. CLOSED BORDERS TIL 2050

[@thekingspin9846]

For the rest of us, Canada we become

[@muckaduck-v3d]

She's says people are surprised by house prices rising. 500,000 Surprises in 12 months.

[@AshleyJOsborne]

She must be talking about the other Australia.

[@nagaster]

Her audience looked quite puzzled at times - they were thinking the same thing 😀

[@mrekin2146]

Thanks Martin, but got 5 min in and felt sick in the stomach for some reason had to turn it off

[@thethinkingman9338]

They are completely clueless

[@WhtwaBBiT]

Reminds me of primary school watching the teacher tell me a true story which I knew was all Bullocks!

[@mohitraghavnz]

RBA so called no interest rate rises till 2024 has caused lots of pain! mortgage prisoners are even worse off. Blood f'in RBA! Bankserts work for themselves and they run business. Govt is supposed to be for people but Govt is for corporates. either be rich or very poor in Australia. No point being in the middle 😢

[@MrDirwood]

"...even more out of touch than her predecessor". One of your best :)

[@flex257]

The governor of the RBA should be on the salary of a low income household so they know how tough it is.

[@grizzz6884]

all people who handle public money should have the pay restricted to + . 5 of the average wage . and if the public funds take a loss , their personal fourtune , should take the same loss

[@corinnewatts6683]

Why do all these global meetings use the same staging? This conference looks exactly like the WEF. So did the ARC meeting. 🤷‍♀️

[@WalkTheWorldDFA]

Great question, perhaps they are all under the same influence?

[@KoDeMondo]

😂😂😂 THE money comes from there so what do you expect?

[@TheSafetyman1000]

⁠@@WalkTheWorldDFAso the Cantillon effect gets no mention here. It is only a matter of time before we finally understand what is happening. We have not been smart investors, it’s just the value/ buying power of our fiat currency is diminishing.

[@TheSafetyman1000]

@@WalkTheWorldDFA Ponzy scheme par excellence!

[@lessparks8553]

​@@WalkTheWorldDFAsuch a sure bet it seems, yet, not seeing it a gamble when they couldn't fathom what had changed

[@effortless-one]

The RBA haven't been right (honest) with a single forecast yet. 3.5% by the end of next year forecast is just to keep the hopium alive.

[@liam3553]

So basically if you’re paying a mortgage, or renting, or trying to pay your bills by working this labour government is your enemy!

[@doodlegassum6959]

On the NDIS however......

[@jaidanielparker]

I'm a disillusioned ALP voter who concluded that the ALP actually has some mind virus driven loathing for Australian workers. They're too busy pursuing social justice concerns (not bad concerns to have, BTW) and too gutless to stand up to the oligopolists to really care about Australian workers. Well, those Australian workers outside powerful unions like the CFMEU anyway.

[@kerrimackay521]

The trick is to be an NDIS provider rather than a recipient. @@doodlegassum6959

[@stevep9041]

This evil cabal is nearing its end.

[@doodlegassum6959]

2 more weeks

[@Woodduck_Hobbie_Farm]

​@@doodlegassum6959what's going on in 2 weeks?

[@gurmender4938]

shuffling deck chairs on the Titanic

[@kyliepechler]

Don't worry, they are using the extreme amount of immigrating people to plug the whole in the sinking ship.

[@zacnat12]

Michelle must have gor her hair done and a dentist appointment ! Meanwhile, most Aussies can't afford either!😮

[@KoDeMondo]

😂😂😂😂 Is true

[@jameswillis8969]

The RBA is using interest rates for wealth transfer, not low inflation

[@TeamSmashAU]

"Employment is really important for people to be able to pay there mortgage" 😅

[@leightonsummerville1236]

It's crazy the contradictions you hear if you are listing.

[@scorp2011hd]

Millionaire Michelle has NO IDEA what the average person is going through🙄😡

[@lessparks8553]

Thank you Martin

[@Handbagqueen23]

What planet is she on? Not the same one I am that’s for sure

[@newto4361]

Proposed changes to lackey/whipping boy RBA wrong path too,leads to more obfuscation,lack accountability etc,should be under full control politicians and quality public servants directly answerable to the people.

[@bosschichi]

She's happy people are wasting their savings surviving while banks make records profits. These people are soooo far removed. They need to pay. It's mortgage repayments and our essential living keeping these criminals afloat. We need change and they need to learn some real lessons.

[@thethinkingman9338]

I think the moderator knows the ship is sinking and thats whay he ate the entire buffet !

[@Bobafe77a]

Michelle's stylist is working overtime. Showing a bit of leg there, but still not showing her hand. Interest rates are going up.

[@jetplane10]

Talking in a manly tone... but girlie and coy in the content 😆

[@pushthemule]

Oh my man, can't believe you even noticed that. My eyes

[@ElCid420]

Can you confirm what the Governor said that 45% of Households have a mortgage? The usual message is that 30% have mortgages. Big difference.

[@WalkTheWorldDFA]

Includes investors.

[@denistrethewy7288]

Immigration just keeps wages down for Australians thus supporting lobbyists. More profits more donations to the major parties. For the population a lower standard of living .

[@shahinhalfi7258]

She probably talking about her self not the Australian people

[@samphelps856]

Thank you

[@GayleMillican]

This lady is so out of touch with the ordinary man in the street! Listen to what she had to say, I thought of La La Land.😢😢😢

[@funnymoney1672]

spending more but getting less !! 😂

[@gleydesargent9530]

She is out of touch, like most of our government.... smoke and mirrors !!!

[@ianbaker2599]

Great assessment of the reality Martin.

[@nicolaasvanroosendael697]

Is this woman living on the same planet?

[@Yolo942]

Its all good boys lets go and have a long lunch while we pat ourselves on the back for our great work. Boy we are so smart.

[@vincentcacciola7161]

No everything is not fine these people are delusional

[@downtoearth1950]

Every Month just before the RBA meet the government and its whipping boys announce how much less inflation is. Who are these people with savings from covid?

[@agdv62]

The coercive POWER OF FINANCE rules all.

[@macrogenii]

This is the woman who thinks inflation is caused by people going to the dentist 🦷 and getting their hair cut 😅

[@EddieGillies-lj8dp]

it is about time you admitted you were wrong

[@eromnaliuqyaj6288]

Perfect indication that her priorities are only focused on the baby boomer population - the only ppl who feel wealthier from rising property prices are those looking to down size or have investment properties paid off. Other ppl can sell their house and get more but will also have to pay more for any other house they purchase, so it's all relative.

[@timn6864]

Word salad

[@xchazz86]

Quick to distract and kick the can down the road and exacerbate the problem, never wants to acknowledge the elephant in room. Who needs teeth when you can drink coolaid?

[@Mazza666]

2:40 only 45%? Yeah pull the other one😂

[@williamcrossan9333]

I see the comments, but shes right. What I'm seeing in Brisbane, is that the economy is still doing pretty darn well. That's evident by just how busy Brisbane is. I did attend an interesting Auction on the weekend, the result did surprise me. Perhaps it's a one off, or maybe a precursor to housing prices finally slowing.

[@lukes5533]

Nothing to see here lol

[@btiger1281]

And what happens when it does go to plan , yes like all heads of institutions they move on ,i would like to see them all be accountable for their actions, but will we ever see this?

[@jessekoch3480]

Bullock only referred to mortgages not food or fuels and everything between. Adrian tells it how it is but will the NZ government listen? Keeping in mind NZ is 5.5% not 4.35% they are the ones to watch imo.

[@bondisteve3617]

Thanks Martin...yes its the mess Aussies voted for...eh?

[@jetplane10]

Hello Martin 🙂

[@KoDeMondo]

HIGHER HOUSE PRICES MAKES FEEL AUSTRALIAN MORE WEALTHY, THE PROBLEM IS THAT WHEN THEY GOT TO WOLLY THEY CAN'T BUY MUCH SO THEY DESCOVER TO BE POOR AND..... STUPID 😂😂😂😂

[@dm8411]

Worth pointing out that the RBA balance sheet before the pandemic was.... $190B Now it's $600B

[@kerrimackay521]

The services inflation she refers to probably reflects senior management pay rises and company profits above the inflation rate. It hasn't been seen in most people's wages.

[@dm8411]

I'm passing that RBA speech onto my kids early learning education centre so the kindys can get an intro into money

[@tonyneville4425]

If I was a boomer id be spending like mad aswell

[@tobysmusings]

To sum up the Central bankers’ attitudes- as long as people are still willing and able to handover the bulk their earnings & savings to paying bank interest and ever increasing essential service, food and energy costs, without too much protest- we’re actually all doing quite well. (Let them eat cake!?)

[@DC-lw7dj]

Inequality is increasing! What a shame!

[@grizzz6884]

the problem in new zealand is the way we are taxed , we have more hand outs to the rich than even aussie has

[@riffraff8490]

Please someone explain why this government is going so hard with immigration when it is so damaging to the present and foreseeable future of Australia.

[@modvs1]

Looks like the 'moderator' Mr Carstens, could do with some moderation.

[@donavonlarney]

it is key to point out there is "your inflation" & "our inflation"....we are only interested in "our inflation"..... "your inflation" is just "noise" to us... we do what we can but....

[@sarathw5740]

Fan chart? Why should we trust RBA? RBA should take responsibility for the debt of young people. This is same as the Paul Ketings banana republic statement or the statement or the Marie Antoinette.

[@Daniel-x1i8h]

I'm still waiting for cheaper electristy meanwhile cost of living skyrockets interests rates gathering momentum, should be right for the majority Michelle says there've built a buffer!

[@thekingspin9846]

A 10 year old could understand if I owned a store in a country town with 5 people and it doubled to 10 overnight. I would then be making a lot more profit, and may need to up to prices due to supply/demand. I'd also campaign in hope the people kept increasing. More people = more haircuts and dental appointments even if the initial people went without.

[@dm8411]

Inflation from 8% to 3% means actual prices never dropped, not even for a moment and not even 1 cent. Prices keep going up Something to think about.

[@moeuramo]

You could almost see her laugh as she said those who have gone from low interest fixed rates tot the variable rate are doing quite well . What kind of ridiculous nonsense statement was that? Not seeing their kids because they are now working two jobs and depression and anxiety levels through the roof. How disconnected can you be . Definitely not serving community expectations at all

[@cyruschadrezzar]

BREEZIN' · Masayoshi Takanaka

[@tinaryan4023]

Yeah, I bet first home buyers feel real wealthy as housing prices increase. 3:17

[@styx1272]

Well if you don't like the Noise do what 'elites' have always done , stick in the ear plugs and dance on. She comes across as a bullying unpleasant wombman. Reminds me of a ex-pool attendant mad cow who has to get her way.

[@redsed1565]

She said 45% have a mortgage and Martin says 33%. Who is correct?

[@WalkTheWorldDFA]

45% includes investment loans.

[@redsed1565]

@@WalkTheWorldDFA ahhh ok thanks Martin.

[@James-mv9qx]

Everything IS fine though, my friends on casual/min wage are still doing ok, they have a bit less disposable but otherwise have been able to maintain the same standard of living

[@Drakesy]

China be like Nothing to see here

[@propertylovers]

Way out of touch 😂

[@Michael.Freeman]

She's dreaming! Totally out of touch! Arrogance on steroids 😢

[@tezzdoggy]

Where did they do the rba meeting? China? 80% of the crowd were asians

[@WalkTheWorldDFA]

Hong Kong

[@grizzz6884]

as for or blaming migration , for new zealands problems , is BS . the rich have investing in property for years . because of the way we are taxed . our new government is going to allow interest to be tax deductable again . i think that will push the rich to buy more property , they only have to keep it 5 years before selling , and if they get a capital gain , it is tax free

[@julmem6392]

which planet does she live in? We've just received our rent increase, we are soooo happy to spend more on bills, food and rent, even inflation is going down...., and even our wages have been stuck for more than 10 years! Great job! Are these people suppose to be the great minds in economy? Larger saving buffers, pffff, I guess when you earn more than a million dollars to talk non sense you don't really care, do you?