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Consumer on life support?
Consumer on life support?
Minutes from the RBA’s July meeting reveals while the board agreed “some further tightening of monetary policy may be required” in the months ahead to bring inflation under control, more data on inflation and the economy was needed to ensure the central bank didn’t go too far.
The board concluded that the full effect of 12 rate hikes since last May had yet to be felt by Australians and there was a risk output growth could slow by “more than expected”, triggering a potentially catastrophic set of events.
The RBA board also said "mortgage payments had already increased to a “historical peak” of 9.4% of household income."
P.S. Reckon it's more like 30%+ or higher of household income on mortgage & rent imo
The board concluded that the full effect of 12 rate hikes since last May had yet to be felt by Australians and there was a risk output growth could slow by “more than expected”, triggering a potentially catastrophic set of events.
The RBA board also said "mortgage payments had already increased to a “historical peak” of 9.4% of household income."
P.S. Reckon it's more like 30%+ or higher of household income on mortgage & rent imo
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Gee, I would love to live in their stratosphere world.
Well polished backsides and seeminly over generous salary.
How about joining the real world to see how the peasants try to survive.
over9k
So I didn't tell my wife, but I...
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Kind of shocked it's only 1% tbh.
Oh joy of joys. Received my rates notice today and the UV has decreased! The result is the average over five years is less than it could have been had there been no change to the UV and my monthly direct debit has increase by............................
.............wait for it..................
0.94%.
.............wait for it..................
0.94%.
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Gee Belli your Shire isn't slow off the mark with the rates notice
For the purposes of rates notices, Canberra is broken into three regions and each are sent notices at different times. I happen to live in the region which receives the advices on or about 15 July each year. The UVs are determined as at 1 January.
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Compared to a year earlier though, which was less than half the price of the COVID peak just before the global tightening cycle began.
wayneL
'Abba Shboq Lhon'
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Hah, I've got my water licence coming up later this year. I am lubing up in anticipation ?
tech/a
No Ordinary Duck
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Time to look for longer term bargains.
More doom and gloom than optimism
The worm is turning the pendulum is about to pull up and turn the other way.
Inflation is pulling up
China has pulled up
Look carefully for future companies that will benefit long term.
More doom and gloom than optimism
The worm is turning the pendulum is about to pull up and turn the other way.
Inflation is pulling up
China has pulled up
Look carefully for future companies that will benefit long term.
wayneL
'Abba Shboq Lhon'
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It might be a "climbing the wall of worry" scenario.
All the professionals are super bearish...
... That is bullish.
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Has been my thinking for a few weeks now, thus entries on BOQ and KSL a few weeks ago.
A very different kind of pace for me.
ABC on que
Even a week ago we couldn't have predicted this, but things are looking up for the economy
After good news from the US, the Reserve Bank of Australia now has a chance to cement low unemployment while controlling inflation – without more rate rises, writes Peter Martin.
www.abc.net.au
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That article isn't so accurate, oil is tending upwards, Saudi has annouched it will reduce oil production and Russia reduced exports and planning on using it for their local domestic market. As for the Australian fuel price look at the chart below and not to mention how high residential rent is Australia also.Has been my thinking for a few weeks now, thus entries on BOQ and KSL a few weeks ago.
A very different kind of pace for me.
ABC on que
Even a week ago we couldn't have predicted this, but things are looking up for the economy
After good news from the US, the Reserve Bank of Australia now has a chance to cement low unemployment while controlling inflation – without more rate rises, writes Peter Martin.
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One thing we don't have worry about, water rates. Though some tanks were here when we bought the joint, I have installed a couple more. but still way in front though.
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Earnings for TSLA, NFLX and IBM out. Latter two disappoint with poor outlook. TSLA reports likely reduced production in next quarter with narrower margins.
over9k
So I didn't tell my wife, but I...
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Yep, growth futures now deep into the red.
Meanwhile, looks like things might be about to get ugly in the black sea.
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is this the turning point?
Crude up 10% compared to last month. Wheat futures up almost 10%.
Core CPI has remained flat but surely headline CPI will print higher if food and energy continue up. Central bankers will have to keep hiking given the narrative of IR hikes combating inflation.
Meanwhile company profits and outlook drops off. New job ads have already started to fall...
Hiking into a recession?
wayneL
'Abba Shboq Lhon'
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I've been offered a lot of money for my water licence, it's an investment in a way.
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Misunderstood Thought you meant scheme water bill.
Property on the corner of Apple and the Hwy has a really old one on it. Down a very long way. I fenced that property for MBC some years ago
over9k
So I didn't tell my wife, but I...
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BOIL now well & truly on the move too. I've added a small topup.
Edit: Growth plays finally getting pummeled as well/at the same time. Agree about this might be the tipping point. Might.
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