Inflation

[sptrawler]

Can we blame the boomers for this?

If demand is causing Australia's inflation crisis, new data shows which age groups are behind it

Younger Australians are being forced to change their behaviour to deal with the rising cost of living, a report based on the financial data of 7 million people shows.

www.abc.net.au

@mullokintyre nailed it, also it wasn't long ago the same media was going on about old people not spending their nest eggs, the media just uses a circular narrative to keep regurgitating the same nonsense over and over.
It saves them having to think and underpins why their jobs will be one of the first to fall to AI, it is already been written by artificial intelligence. ?

 

[JohnDe]

 

[waterbottle]

Unemployment in Oz surprising to the upside, 3.7%

 

[mullokintyre]

Unemployment in Oz surprising to the upside, 3.7%

A little further info from Evil murdoch press

A 22,800 increase in part-time workers in April was more than offset by a 27,100 drop in full-time employment, the data showed.

This compared to the consensus forecast among economists for a 25,000 lift in employment, and for an unchanged jobless rate.

Two things out of that, namely that there were 27k full time jobs lost. That is not good.
The second thing was that for the umpteenth time, the consensus didn't even get the sign in the front right, much less the magnitude.
Mick

 

[over9k]

U.S jobless claims come in at 242k vs 252k estimated. Fixed income has been steadily rising all day, not much of a move in response.

 

[over9k]

Alright now things are moving. Fixed income up, futures down, a fed board member said something about data supporting another hike.

 

[waterbottle]

And the NASDAQ pumps

 

[moXJO]

Unemployment in Oz surprising to the upside, 3.7%

Apparently they like unemployment at around 5%.
They won't let it get too low. Probably explains the immigration.

 

[over9k]

Probably explains the immigration.

That's for house prices.

 

[over9k]

Nahhhhh... You think m8?

 

[over9k]

Lollll aka "We've lost control".

I just don't see how we get out of this without the same "direct capital injections" solution they used in the GFC. They HAVE to raise rates but they can't do it without putting half the bloody banking system into freefall.

 

[over9k]

Yes we can.

 

[over9k]

Do I even need to explain what's between the lines here?

 

[mullokintyre]

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Lollll aka "We've lost control".

Ya can't lose control if you never had it.
Mick

 

[waterbottle]

View attachment 157136
View attachment 157137

Lollll aka "We've lost control".

I just don't see how we get out of this without the same "direct capital injections" solution they used in the GFC. They HAVE to raise rates but they can't do it without putting half the bloody banking system into freefall.

They've already injected capital with their banking program in March.

 

[SirRumpole]

We need higher unemployment to stop inflation say some economists.

If economists want more unemployment, will they volunteer to join the dole queue?

Some economists want more unemployment to bring inflation back down, writes Gareth Hutchens.

www.abc.net.au

 

[farmerge]

We need higher unemployment to stop inflation say some economists.

If economists want more unemployment, will they volunteer to join the dole queue?

Some economists want more unemployment to bring inflation back down, writes Gareth Hutchens.

www.abc.net.au

Sir R can't really imagine anyone especially an economist being the first to join the dole queue willingly.
Perhaps I'm wrong, but I prefer to be employed

 

[SirRumpole]

Sir R can't really imagine anyone especially an economist being the first to join the dole queue willingly.
Perhaps I'm wrong, but I prefer to be employed

Indeed. Inflation be stuffed, at least if you have a job you can pay the bills, for a while.

 

[farmerge]

Indeed. Inflation be stuffed, at least if you have a job you can pay the bills, for a while.

and sleep wellat night

 

[qldfrog]

and sleep wellat night

The other option is high unemployment.. followed by universal income...sounds familiar?