Quote:
Originally Posted by Adamz Ghia
Have to wonder how long this can go on for before it starts affecting the economy structurally. The government might be loving the extra tax coming in, but companies haven’t passed on their increased costs in full yet, and if transport remains high for a long period of time, they surely will.
Inflation is already higher than they thought it would be, once groceries start going higher again and rates climb at the same time, you’d have to think discretionary spending will fall. Households currently have savings from the last two years that they’re spending. Once that’s gone, where does their spending money come from?
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First time in months stopped in Whitehorse Rd Balwyn a well off suburb in Melbourne's East. I could not believe how many empty commercial properties as well as others that were up for lease.