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Open mike 18/02/2021

Nice to see Biden continuing the Trump tradition of outright lying about covid…
Biden’s response to a mother attending with her eight-year-old daughter, who asked Biden when her children who “often ask if they will catch COVID, and if they do, will they die” would be vaccinated.
“First of all, kids don’t get … COVID very often, it’s unusual for that to happen,” Biden told the little girl. “Number two, you’re not likely to be able to be exposed to something and spread it to mommy and daddy, and it’s not likely mommy and daddy are able to spread it to you.” ....

New Zealand , New South Wales , Pike River , South Australia , Australian Capital Territory , Kirsty Wilson , Peter Gluckman , Selwyn Manning , David Skegg , Spinoffby Alex Braae , Leonie Hayden , Jacinda Ardern , Martin Edmonds , Ann Brower , Marc Daalder , Moses Mackay , Louis Houlbrooke , Bryce Edwards , Jane Yee , Michelle Grattan , Catherine Bennett , Thomas Beverley , Thomas Coughlan , Mary Myla Andamon , Rachel Wilson , Spinoffby Toby Manhire ,

Why house prices could jump 30 per cent

Confidence in record low interest rates being here to stay could push house prices sky high.
Ultimately, the RBA sees rising asset prices (or home values) as a net positive, despite some economists warning that the unprecedented low interest rates could destabilise the economy.
The internal RBA briefing noted that a rise in house prices (and other assets such as shares) would lead to increased household wealth and improved cash flow.
As a result, Aussies would get out and spend more, and that in turn would stimulate the economy and business investment.
The RBA internal report was accessed by FOI act. ....

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