Inflation

[waterbottle]

How so?

0.6% interest for USDs? Are you that bearish on Aus?

 

[qldfrog]

What is this? 2020 interest rates?

Monthly

 

[waterbottle]

Eggs on my face. 7m2% annualised is good

 

[over9k]

Eggs on my face. 7m2% annualised is good

Punch it into an effective annual rate calculator (seeing as it compounds on itself monthly) and it looks even better

 

[divs4ever]

Punch it into an effective annual rate calculator (seeing as it compounds on itself monthly) and it looks even better

assuming ( probably safely , at this time ) the interest rate will stay steady or rise

 

[over9k]

Services.

 

[over9k]

Numbers in: jobless 230k actual vs 248k estimated

economic growth 1.1% vs 1.9% (annual)

PCE up 3.7% annual

Futures dumped, fixed income spiked, another rise now a virtual certainty, markets are still underestimating how structural/ingrained this inflation problem actually is, just like I've been saying for absolutely bloody months now.

I honestly wouldn't be surprised to see two more rises now rather than one. Watch this space.

 

[over9k]

economic growth 1.1% vs 1.9% (annual)

PCE up 3.7% annual

In case anyone's wondering what stagflation looks like in data/on a graph, that's it. Inflation higher than economic growth.

 

[over9k]

At least we (usa) actually have positive real interest rates now though, so that's something.

 

[Smurf1976]

As a personal example of observed price inflation, building and contents insurance.

Up 14.8% year on year.

For me personally, that's the biggest one so far in terms of household bills.

 

[over9k]

Meta (facebook) posts bumper earnings after microsoft posted good earnings yesterday too. Up 15% premarket.

The same earnings vs rate rises tug of war continues.

 

[qldfrog]

As a personal example of observed price inflation, building and contents insurance.

Up 14.8% year on year.

For me personally, that's the biggest one so far in terms of household bills.

Similar here, add car insurance: we used to pay our son's one but the fees jump was incredible (with no claims whatsoever)
As he is now full time working, we stopped it and let him choose a much cheaper one he found.. and funds himself
The fee hike was so high we called them to check if it was an error...in the order of 30%

 

[waterbottle]

Tech earnings are killing it

 

[mullokintyre]

Numbers in: jobless 230k actual vs 248k estimated

economic growth 1.1% vs 1.9% (annual)

PCE up 3.7% annual

Futures dumped, fixed income spiked, another rise now a virtual certainty, markets are still underestimating how structural/ingrained this inflation problem actually is, just like I've been saying for absolutely bloody months now.

I honestly wouldn't be surprised to see two more rises now rather than one. Watch this space.

But but but, the Fed told us it was only transitory!
There must be some mistake!
Mick

 

[Belli]

As a personal example of observed price inflation, building and contents insurance.

Up 14.8% year on year.

For me personally, that's the biggest one so far in terms of household bills.

You're lucky. Mine was 28.4%. And that was back in February.

As well, as the ACT Government bases its rates on the five year average of the Unimproved Value, even if there is no change to this year's UV, the rates will automatically increase by 4.6%. Last year's UV increased by 26.4% over the previous year. Talk about taxing unrealised gains. I've done nothing to improve the piece of dirt on which this house sits nor have I sold a bit of it.

 

[farmerge]

Similar here, add car insurance: we used to pay our son's one but the fees jump was incredible (with no claims whatsoever)
As he is now full time working, we stopped it and let him choose a much cheaper one he found.. and funds himself
The fee hike was so high we called them to check if it was an error...in the order of 30%

Changing insurers??????

 

[sptrawler]

If the media thinks that inflation is under control, someone had better tell them they are dreaming IMO.
They ain't seen nothing yet, either the Govt gets serious about curbing house prices, or gets serious about supplying social housing, they can't expect to bring in 300,000 workers and think that those at the bottom rung don't fall off the ladder.
So more Govt assistance to those most needy, whose numbers will increase due to added population pressure, so taxes, charges and costs go up, followed by wages, followed by costs, followed by more handouts and increased taxes to pay for it.
It is starting to look like a spiral to me. ?

 

[farmerge]

You're lucky. Mine was 28.4%. And that was back in February.

As well, as the ACT Government bases its rates on the five year average of the Unimproved Value, even if there is no change to this year's UV, the rates will automatically increase by 4.6%. Last year's UV increased by 26.4% over the previous year. Talk about taxing unrealised gains. I've done nothing to improve the piece of dirt on which this house sits nor have I sold a bit of it.

Legalised looting

 

[sptrawler]

Legalised looting

Looting of the middle class, the poor get more support, the rich get richer and the middle class slides down the ladder paying for it. ?

Can't wait to see how this all looks in three years time.

 

[Belli]

They ain't seen nothing yet, either the Govt gets serious about curbing house prices, or gets serious about supplying social housing, they can't expect to bring in 300,000 workers and think that those at the bottom rung don't fall off the ladder.

I recognise as it's in your face there is a focus on housing. To me the more worrying issue is this from the latest CPI figures.



Governments at all levels and all persuasions have underinvested in public health for decades. We are now seeing the results of that with patients waiting years for treatment in the public system. Basic reason is a shortage of practitioners. Even if it was started now it will take yonks to increase that number anywhere above the attrition rate. Paying practitioners more does not increase the workforce where many are leaving the public system due to burnout.

Here is the rub. Even if the number could be increased it is going to cost a motza. And that motza involves taxes. You want a viable public health system then you gotta pay for it.