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What more can I add except HELP I'm stinking in the mire!!!!!
What more can I add except HELP I'm stinking in the mire!!!!!Exactly mate.. corporate greed & exploitation of us vulnerable consumer's occuring on a daily basis across just about everything out there - Government has no control on prices whatsoever & then worse still think RBA can handle inflation (which it clearly can't as again only targets & inflicts more pain on us vulnerable consumer's).
Becomes a double whammy hit on consumer's whilst big greedy corporations get away with hiking up prices as they wish. True inflation running closer to 15%-20% in my opinion.
Not a hope. The big end of town has mates in the right placs whereas ours are languishing below the bottom rung of the ladder.I'm sure we talked about this back during covid. Supply shortages increased prices and those prices would be the new floor.
Everyone had to adjust prices to match the new reality.
Huge amount of blame should be shifted onto the majors.
Also, highlight the problem to show the monopoly action so government may split the company or do something about the barriers to new entrants. Of course duopolies and monopolies usually donate healthily to election funds and are often foreign owned.Just stop buying all this crap untill the price is right. If enough of us do that, it'll fix the problem.
what i have been doing is stocking up on stuff , where the price is still close to 2020 levels ( and have a very long shelf-life )Just stop buying all this crap untill the price is right. If enough of us do that, it'll fix the problem.
US Natural Gas was down almost to $2 a couple of days ago, now it's up to $2.77 so almost 40% up.
Growth =/= inflation though knobby. Supply side issues = low growth, high inflation (stagflation).Bill Evans, Westpac Economist, has a good history for getting interest rates right. He is a bit of a guru.
He is predicting 4.1% by May then dropping to 2.35% by March 2025. (Source: Interview on ABC radio this morning that I listened to on the way to work).
I think a few of us are thinking in the same line. In the modern low growth economic world, interest rates can't stay high for too long.
My take may be wrong but I look at Japan and think much of the rest of the world is heading in that direction.Growth =/= inflation though knobby. Supply side issues = low growth, high inflation (stagflation).
And there's a lot of supply side issues.
Peak's probably faaaaaairly close, it's the peak then dropoff i disagree with.My take may be wrong but I look at Japan and think much of the rest of the world is heading in that direction.
What do you think of Bill Evans prediction?
As long as the bounce is not like a tennis ball more like a sponge. Low level projectory.Peak's probably faaaaaairly close, it's the peak then dropoff i disagree with.
I think it'll be a bounce & then plateau.
given Japan is now the clear No. 1 international holder of US Treasuries ( despite some selling to save the yen ) , yes i agree Japan might the crow in the coal-mine ( won't give you much warning of methane , but you will sure notice it is dead )My take may be wrong but I look at Japan and think much of the rest of the world is heading in that direction.
What do you think of Bill Evans prediction?
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