@Miss_Ruby11@westyweb@purplepingers On those calcs interest is 33% of income even at 4.4% so still be definition in mortgage stress. I don't think we'll see 4.4% for some time.
@Miss_Ruby11@westyweb@purplepingers Yep. The rate only got above 13.5% by March 1986 so the blended average in the 80's was probably more like 14.5%. The equivalent now would need to be around 4.4% to make interest equivalent as a % of income. We're around 6% now so would need 6 cuts to match.
@realjohnhager @politvidchannel You are generally correct there John. In the same way the consumer suffers when tariffs are imposed. It almost always ends impacting the end of the line in higher prices. And the consumer response? They put their wallets especially on discretionary items.
They purchased our natural resources in a trade deal so we were forced to invade Ukraine. Education standards and critical thinking skills in the US reaching an all time low and will no doubt continue to dive.
The irony is Germany is largely responsible for the war. Trump very publicly warned them back in 2018 that their power plans would empower Putin. They laughed, and then proceeded to close all their nuclear plants against Trump’s advice. Sure enough, they became dependent on Russian oil, and have propped up Putin financially. Idiot Biden helped by lifting Trump’s sanctions on Nordstream. He then also blocked American lng exports, letting Putin corner the market. Now, having learned nothing, the leftists of Belgium are shutting down their nuclear plants.
Germany wants to be so green they gave power and wealth to the very adversary they now beg us to defend them from. While opposing the company that created the green energy they so desired. The hypocrisy of the left never ceases to amaze me.
Being an English man and having seen what the French farmers have done to British imports, this truly disappoints me. I know you can do better French people than just 1.
@rtay_eng@TiredOldMan52@wartranslated Cheers. Was grabbing countries over the weekend like a grab bag of names before they even announced what they did today and worked out vs GDP. Didn't grab all member states and did have UK in because they'd be in with EU regardless for something like this. Challenging times.
@rtay_eng@TiredOldMan52@wartranslated Maybe I don't have all the member states listed but they spend only $302b with a proportion of that with EU defence orgs. I'd presume the US amount may be half of that maybe some more. You would hope that they spend the rest on EU only thus driving local economy and jobs too.
If they do this and grow to $700 billion defence spending in 5 years, this is 6.5 times Russia's defence spending currently in war footing. Add UK as a non-member state and you have a 820B USD defence. 2nd only to US who is currently at 942B. Not a dime to US though. That is key.
We are living in dangerous times.
Europe‘s security is threatened in a very real way.
Today I present ReArm Europe.
A plan for a safer and more resilient Europe ↓ https://t.co/CYTytB5ZMk
@HDale_2022@AussieMAGABot@katherine_deves@AlboMP Indeed. It's clear the USA are walking away from the Budapest Memorandum they signed. Agreements or understandings are worth about as much as the famous white paper Chamberlain waved after meeting Hitler. Zero. Australia should reconsider its relationships.
Russia and now USA do not respect agreements. Europe and EU must increase their military capability and can do this is by producing military capability themselves and reduce spending on US arms. Only purchase from allies. Ukraine has been betrayed.
Reading The Forever War by @NickBryantNY which really puts in to context what we are seeing with the new administration in the States. In short, it's nothing new and a continuation of long held traditions of overreach by Presidents down the years. Essential reading for all.
@SenatorWong You forgot the bit about the Israeli fans starting the trouble, getting their arses kicked in retaliation and then resorted immediately to the antisemitism tag. It's losing its meaning when disgraceful human beings like you don't check all the facts.
@thevioletgreen@dougie_herd@NDIS You won't be the last. I know a large provider in NSW that is going to exit Support Coordination in the next few months to give them time to exit the employees. The service at its price is not feasible.