- Joined
- 20 July 2021
- Posts
- 11,524
- Reactions
- 16,041
please define 'break 'Track record is they'll keep raising rates until something breaks. The question is what breaks and when, not if it will occur.
i think it broke in September 2019
i think it broke in September 2019
- Joined
- 14 February 2005
- Posts
- 15,235
- Reactions
- 17,341
Something goes badly and undeniably wrong.
A stock market crash.
Banking crisis.
Bond market blows up.
Etc. Something bad enough to be mainstream news and known to pretty much all adults as having occurred and which prompts some kind of emergency response of which interest rate cuts being part is pretty much a given.
over9k
So I didn't tell my wife, but I...
- Joined
- 12 June 2020
- Posts
- 5,282
- Reactions
- 7,465
Gold's pulling hard lately too. Same flight to safety narrative.
- Joined
- 3 November 2013
- Posts
- 1,569
- Reactions
- 2,773
Lol, how can they get it wrong so often. Each time the crisis is over, another bank crashes.
finance.yahoo.com
Plummeting bank stocks test predictions that worst of the crisis is over
PacWest and other regional banks plunged overnight on a wave of new pessimism about the industry
- Joined
- 8 June 2008
- Posts
- 12,960
- Reactions
- 19,015
The whole Ponzi scheme is collapsing as the US has noone left to buy their debt.that is the root cause IMHO behind all this.and when trust is lost in a banking system, down down down..until the government acts .but that is if there's trust left in the government..Lol, how can they get it wrong so often. Each time the crisis is over, another bank crashes.
Plummeting bank stocks test predictions that worst of the crisis is over
PacWest and other regional banks plunged overnight on a wave of new pessimism about the industry
Do you have trust in Biden or WEF peon Albo,?
- Joined
- 3 November 2013
- Posts
- 1,569
- Reactions
- 2,773
Well I believe in the fact that the US has the strongest military and is the most influential nation. It makes sense to buy US debt when everyone is crap.
- Joined
- 8 June 2008
- Posts
- 12,960
- Reactions
- 19,015
I let you go first....I even prefer AU bonds to US bonds..
wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,843
- Reactions
- 13,079
I would argue that the system is already broken and has been broken for a very long time. What they managed to do is prop it all up with baling string and filler putty to perpetuate an illusion that all is okay.
Interest rate cuts will only further the malaise and the only real way out is profound and painful structural change (not involving the damned globalists and all the bs narratives!)
Good morning/afternoon,
Disinflation is a temporary slowing of the pace of price inflation and is used to describe instances when the inflation rate has reduced marginally over the short term (Investopedia).
The RBA's statement on monetary policy warns of a "high degree of uncertainty around the speed and extent of the disinflation" in the period ahead. Lower goods prices from the resolution of supply chain issues could come through sooner and swifter than anticipated, but domestic price pressures may be stronger and more persistent than expected," the RBA says.
It reiterates that the Board is "still seeking to keep the economy on an even keel as inflation returns to the 2–3 per cent target range, but the path to achieving a soft landing remains a narrow one". The Board is "mindful that a considerable adjustment to interest rates has already been made and that monetary policy affects activity and inflation with a lag and through different channels", with many households "experiencing a painful squeeze on their budgets, in part because of the fast pace of the rate increases so far."
But while noting that medium-term inflation expectations remain consistent with inflation returning to target, the RBA warns that "the longer inflation remains above target, the greater the risk that inflation expectations rise and price- and wage-setting
behaviour might adjust accordingly".
"If this were to eventuate, the end result would be even higher interest rates and a larger rise in unemployment would be required to bring inflation back to target."
The RBA therefore concludes that "some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe."
Whilst conceding that rcw1 ain't the sharpest tool in the shed, truth is, for mine, not sure about any of that.
Disinflation is a temporary slowing of the pace of price inflation and is used to describe instances when the inflation rate has reduced marginally over the short term (Investopedia).
The RBA's statement on monetary policy warns of a "high degree of uncertainty around the speed and extent of the disinflation" in the period ahead. Lower goods prices from the resolution of supply chain issues could come through sooner and swifter than anticipated, but domestic price pressures may be stronger and more persistent than expected," the RBA says.
It reiterates that the Board is "still seeking to keep the economy on an even keel as inflation returns to the 2–3 per cent target range, but the path to achieving a soft landing remains a narrow one". The Board is "mindful that a considerable adjustment to interest rates has already been made and that monetary policy affects activity and inflation with a lag and through different channels", with many households "experiencing a painful squeeze on their budgets, in part because of the fast pace of the rate increases so far."
But while noting that medium-term inflation expectations remain consistent with inflation returning to target, the RBA warns that "the longer inflation remains above target, the greater the risk that inflation expectations rise and price- and wage-setting
behaviour might adjust accordingly".
"If this were to eventuate, the end result would be even higher interest rates and a larger rise in unemployment would be required to bring inflation back to target."
The RBA therefore concludes that "some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe."
Whilst conceding that rcw1 ain't the sharpest tool in the shed, truth is, for mine, not sure about any of that.
wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,843
- Reactions
- 13,079
- Joined
- 3 July 2009
- Posts
- 27,468
- Reactions
- 24,284
Make it a uni degree, you will have a queue signing up. Lol
- Joined
- 3 July 2009
- Posts
- 27,468
- Reactions
- 24,284
IMO Australia is in a much better position economically than say the U.S or UK, we have a growing population and are starting from a fairly affluent lifestyle. The U.S and UK have a stagnant population where the poor are already on the bones of their ar$e in trailer parks, we have a lot more wriggle room. Lol
JohnDe
La dolce vita
- Joined
- 11 March 2020
- Posts
- 4,182
- Reactions
- 6,210
Biggest problem is 5 out of ten apprentices that finish end up leaving the industry. Reasons are all over the place; “not what I thought it was, got a better job, pay too low, back packing around the country/world, too stressful, health reasons, not enjoying it”. And they all have no problem getting a job in something else.
- Joined
- 3 July 2009
- Posts
- 27,468
- Reactions
- 24,284
There will be plenty coming from India, all will be fine, no need to worry.
JohnDe
La dolce vita
- Joined
- 11 March 2020
- Posts
- 4,182
- Reactions
- 6,210
It takes 4 years of training to be ready, if things don't change soon there is going to be a lot of unhappy people. My mate owns a family crash repair, his dad started many moons ago and says that they have never seen it this bad, and it is heading the way that the UK went a few years back. 12 months wait for repairs. Already insurance assessors are writing off repairable vehicles because the wait is too long.
If this is happening in the crash industry, what other industries is feeling the pain?
And if our retirement rate is higher than our birth rate who will be able to assist the elderly and sick in the future?
- Joined
- 20 July 2021
- Posts
- 11,524
- Reactions
- 16,041
and which one hasn't actually happened recently ( despite political statements to the contrary )
at least two failing banks sold billions of dollars of US Treasuries yet bond prices didn't reflect that , terrible news rattles the share market , but it mostly recovers by the close of the day , and well a few banks have failed recently
i guess it all relies on the deniability meter cracked to 11
JohnDe
La dolce vita
- Joined
- 11 March 2020
- Posts
- 4,182
- Reactions
- 6,210
I believe that this is where most of our problems started governments kept pushing kids to go to university with the promise of high paying jobs and making everything else look substandard. Now we have baristas, delivery drivers and counter staff with degrees, and shortage of trades people.
When I think more about it, why would anyone want to do a trade when there's the possibility of learning from the likes of PricewaterhouseCoopers CEO Tom Seymour
- Joined
- 3 July 2009
- Posts
- 27,468
- Reactions
- 24,284
Exactly what we have been saying on here for about 10 years and we are still pushing kids into the uni stream, while expecting the private sector to increase the apprentice intake, to cover the loss of Govt industries that used to employ most of the apprentices. ?
Hang on why train tradies let's just import them, that's what we do with everything else, we have more important things to do like change the constitution.
JohnDe
La dolce vita
- Joined
- 11 March 2020
- Posts
- 4,182
- Reactions
- 6,210
Exactly what we have been saying on here for about 10 years and we are still pushing kids into the uni stream, while expecting the private sector to increase the apprentice intake, to cover the loss of Govt industries that used to employ most of the apprentices. ?
Hang on why train tradies let's just import them, that's what we do with everything else, we have more important things to do like change the constitution.
Not a lot of qualified trades people coming over from OS.
- Joined
- 3 July 2009
- Posts
- 27,468
- Reactions
- 24,284
Give it time, we have only just signed the free trade agreement with the U.K and the recognition of certificates with India, Rome wasn't built in a day. ?
Targeted support to build WAs critical construction workforce
The WA State Government will deliver a $47.6 million boost to Western Australia's building and construction workforce in the 2023-24 Budget, which includes a range of new initiatives to ramp up local training and attraction of skilled workers from overseas.
McGowan's plea to skilled migrants amid worker shortages
Western Australia's latest bid to entice skilled workers has ramped-up, with the state now targeting Ireland and the United Kingdom as key markets to help fill vacant jobs.
www.skynews.com.au
Western Australia's latest bid to entice skilled workers has ramped-up, with the state now targeting Ireland and the United Kingdom as key markets to help fill vacant jobs.
While in London last week, Mr McGowan attended the Festival of Apprentices careers expo, which focused on bringing working holidaymakers back to his state.
As part of the $195 million Reconnect WA initiative, the state is offering eligible working holiday makers an additional $2,100 if they travel and get jobs in certain regional areas.
Similar threads
