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these are drops compared to when the hiking cycle began, not the COVID peaks
I think its a sign of chinas recovery from covid, in the past 18 months China has seen significant inflationary cost pressures due to supply chain restrictions.
Now that people can move and factories can operate more optimally, a lot of cost pressures are easing off, also western demand for goods has dropped of the covid peaks now that we can spend on experiences again, rather than just goods.
I think all this is taking pressure of Chinas cost pressures.
Yep, the whole point of raising interest rates is to lower demand and raise unemployment, so that supply and demand can be brought in line with each other, and there is less upward pressure on pricing.
these are drops compared to when the hiking cycle began, not the COVID peaks
Yep, the whole point of raising interest rates is to lower demand and raise unemployment, so that supply and demand can be brought in line with each other, and there is less upward pressure on pricing.
I don’t see global steel demand falling off a cliff, steel is consumed in almost everything we do, and given that our Australian Iron Ore miners are the lowest cost producers, I think they will do well throughout the cycle. They can make very decent returns with iron ore prices much lower than they are now.Seeing as you're so active in the FMG thread, what are your thoughts on iron prices for Aus? I get the impression that commodity deflation is already underway given what's happening in China
China's flu is terminal.Will this be a case of China sneezes and we all catch a deadly flu bug.
We were at the Mandurah Forum today, one of the highest unemployment areas in Australia and low socio area, the shops and food hall were packed, it must be the mega mortgage areas over East that are hurting, who would have guessed.We were in the Midland Gate shopping centre for lunch a couple of days ago.
Wouldn't have thought that too many people are concerned about inflation.
Food hall pretty full ie 11.30am, struggled to find 2 chairs together and the shops on the fringe had people coming and going while were hoeing into Chinese tucker.
I may have mentioned once before on the forum that I occasionally volunteer at the local community centre trying to help people who have the financial acumen of a goldfish.We were at the Mandurah Forum today, one of the highest unemployment areas in Australia and low socio area, the shops and food hall were packed, it must be the mega mortgage areas over East that are hurting, who would have guessed.
I may have mentioned once before on the forum that I occasionally volunteer at the local community centre trying to help people who have the financial acumen of a goldfish.
There is a reason why people are in these low socio economic groups, their ability to manage money is nonexistent, the concept of saving is non existent, and it is very difficult to get them to change their ways,
Pointing out that for the cost of what they pay in taking out the family to lunch at a food court, they could make lunches at home for a week, you can see their eyes glaze over.
Families where there is no working breadwinner will say they don't have time to cook, and the kids don't like what they cook anyway.
I had one woman saying she needed subsidised(read free) childcare so she could nick down to the RSL to play the pokies in peace once a week.
It does my head in sometimes.
Generations of low expectancy are very hard to break.
mick
Mick not unbelieveable but I class them as the Andy capp's of th world, and unfortunately these types tend to breed the next generation of "I want"I may have mentioned once before on the forum that I occasionally volunteer at the local community centre trying to help people who have the financial acumen of a goldfish.
There is a reason why people are in these low socio economic groups, their ability to manage money is nonexistent, the concept of saving is non existent, and it is very difficult to get them to change their ways,
Pointing out that for the cost of what they pay in taking out the family to lunch at a food court, they could make lunches at home for a week, you can see their eyes glaze over.
Families where there is no working breadwinner will say they don't have time to cook, and the kids don't like what they cook anyway.
I had one woman saying she needed subsidised(read free) childcare so she could nick down to the RSL to play the pokies in peace once a week.
It does my head in sometimes.
Generations of low expectancy are very hard to break.
mick
We occassionally visit the Midland food hall , maybe 1/2 dozen times a year, and are mesmerised by the lard that generally waddles past filling their oversized bodies with sugary drinks and that super healthy take-away.We were at the Mandurah Forum today, one of the highest unemployment areas in Australia and low socio area, the shops and food hall were packed, it must be the mega mortgage areas over East that are hurting, who would have guessed.
Just to highlight the issue, of the Govt inflating away its deficit, while blaming the RBA for the pain, another master stroke.Not a good look Albo, you are causing the inflation and trying to blame the RBA for the situation will backfire IMO.
Morrison copped at lot of flack for trying to palm off responsibility, it will be interesting to see how this pans out IMO.
Not the only wrong call on interest rates: PM lashes RBA
Prime Minister Anthony Albanese has taken a swipe at Reserve Bank governor Philip Lowe’s pandemic-era promise to keep interest rates low.www.theage.com.au
I'd really like to see Brazil on that chart. ?If the media was going to be honest, the RBA has been pretty gentle with interest rates, when compared to most other major countries IMO
They have to sell to someone.Landlords will just up and sell and what then.
As most of the inflation is in essential services not discretionary i think raising interest rates does more harm than good to most.Yep, the whole point of raising interest rates is to lower demand and raise unemployment, so that supply and demand can be brought in line with each other, and there is less upward pressure on pricing.
Our rentals over the past.They have to sell to someone.
Maybe that's the idea.
Bad news about your destroyed house. I hope the perps were caught and suitably punished.Our rentals over the past.
Sold one house and a few acres to local cops.
Other house finished as a C18. ie a house in the country 18 inches high. Scum drug infused tenants burnt it to the ground.
3rd house lies empty here on the farm.
Amen to having tenants, not any more for us.
That would be on the next page somewhere wouldn't it.I'd really like to see Brazil on that chart. ?
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