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not so fast ... it does raise the possibility of a 'snap election ' ( double dissolution )
can't guarantee it but going soon might be much better for Albo
not so fast ... it does raise the possibility of a 'snap election ' ( double dissolution )RBA pauses exactly as expected. Snoozefest of a week.
i hear a couple of seasoned commentators talking depression and drawing parallels with the 1920sTodays RBA decision to leave rates where they are, may have been the trigger for the AUD USD pair to fall 0.5%.
With oil creeping up again to high 80's in USD terms, there is now a possibility that OZ will now start to import inflation due to falling currency perturbations.
Fuel prices will continue to hope which will feed into transport costs,
The big question is, do we go into a recession, into a deflationary spiral, or a period of stagflation?
Mick
... will take that with a pinch of salta couple of seasoned commentators
i have my grandmothers ration books and mother's memories to vouch for that ( both parents grew up in the 'great depression' )... will take that with a pinch of salt
.
PS, it was the '30s that were tough
Just look at immigration levels and infer everything from there.Todays RBA decision to leave rates where they are, may have been the trigger for the AUD USD pair to fall 0.5%.
With oil creeping up again to high 80's in USD terms, there is now a possibility that OZ will now start to import inflation due to falling currency perturbations.
Fuel prices will continue to increase which will feed into transport costs,
The big question is, do we go into a recession, into a deflationary spiral, or a period of stagflation?
Mick
that seems to be the plan , add in the trend towards AI and automation and one would wonder if this is ineptnessJust look at immigration levels and infer everything from there.
The country will go to hell in a handbasket but the headline numbers will look good. Economic growth but all of it concentrated in the hands of a tiny few so they can still say hurr durr economy is growing despite nobody in the bottom 98% actually seeing any of those gains.
but will he be correct this time ??We'll all be rooned, said Hanrahan
Just got my health insurance notice in the mail too - up 6%.Dear, dear me. Seems reality is gradually hitting home owners but it's not only home owners. Business premises will also be impacted. It's not a sintilating subject until it becomes so. The necessity of reinsurers is not well understood by many. Without it almost everything fails; workers compensation, car insurance, public liability insurance to name a few.
The cost of Scott's home insurance tripled in three years. His insurer now refuses to cover his property
Insurance companies have responded to back-to-back floods and soaring building costs by hiking premiums by around 30 per cent in just one year. But for the riskiest homes, cover is either refused outright, or offered at prices few can afford.www.abc.net.au
Should have read "if the CPI is NOT at 306 or below".US CPI out tonight.
For me it will be a telling point as to whether we go into a period of stagflation or not.
If the CPI is at 306 or below, the US is in more trouble than Tim Tyler.
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Mick
Just paid ours which is quarterly. Not too much of a difference from the previous oneJust got my health insurance notice in the mail too - up 6%.
Just got my health insurance notice in the mail too - up 6%.
We've with HBF here in WA, a not for profit mob, so no shareholders to worry aboutMine increased as well but only by 2.2%. I expect an even greater increase next year however.
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