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Inflation regardless of IR:
Soycialist.You will own nothing and enjoy it;
https://www.designboom.com/design/brownstone-shared-housing-capsulte-pods-shared-living-05-05-2022/
Welcome to socialist hell.
Most bear cycles are lucky to last months, up to two years. A lot of the talk is that we will see a nasty crash these next few months. I've been waiting on this one a couple of years. Market exuberance surprised me.S&P500 index already down over 23% from its high at the beginning of this calendar year.
Look at random ASX300 stocks and there's quite a few that have had serious declines, 50%+
If this is the beginning then does that mean you're basically expecting an outright crash?
My own view is somewhat the opposite. There's a rapidly growing level of media attention and articles about falling stocks and so on. That usually occurs much nearer the bottom than the top so I'm thinking we need one more washout then that could be it. Possibly.....
Different animal and headline a little misleading.Looks as though CBA are getting in early, the rest to follow:
The Commonwealth Bank of Australia (CBA) has increased its fixed mortgage rates by a huge 1.4 per cent, just days before the next Reserve Bank board meeting.
I myself, in an attempt to help the economy and fight inflation have stopped buying porridge in sachets and have returned to buying Uncle Tobys by the kg. when it is on special.
So apparently, the americans, who buy everything on credit, are now starting to default on their car repayments in huge numbers.
Hmm, I wonder what could be next?
You are correct in that it could be inferred as misleading. however both points are true: "the CBA has increased it's fixed term interest rates", and, it is "just days before the next Reserve Bank board meeting". Edit: the journalists are good at that.Different animal and headline a little misleading.
The rates are not based on any RBA one but that on the open market from institutional investors and the like and at what rate they will sell the cash for.
You are correct in that it could be inferred as misleading. however both points are true: "the CBA has increased it's fixed term interest rates", and, it is "just days before the next Reserve Bank board meeting". Edit: the journalists are good at that.
To what extent the fixed rates by CBA (and/or others that no doubt will follow) and the RBA cash rate are related can be discussed at some length.
There doesn't seem to be any speculation about what the RBA will do, everyone seems to be holding their breath till the new financial year.
I myself, in an attempt to help the economy and fight inflation have stopped buying porridge in sachets and have returned to buying Uncle Tobys by the kg. when it is on special.
It was a chilly 18C. this morning at the hotel, but nonetheless the extra time spent making porridge these winter mornings is nothing compared to the scourge of inflation.
gg
A carb blast too.Next step is making it with water instead of milk. Its not that bad if you add some honey for flavour
My favourite so far has been meghan markle.The cognitive dissonance between the soycialist fantasy and fetish held by privileged rich white kids in the West and actual real people that have lived it is staggering bordering on a full psychotic break with reality.
Blackrock seems to be a keen accumulator , but there will be other buyers ( at a price , but maybe not a generous one )Sell to who??
US Atlanta Fed now reporting GDPNow figure of -1.0%.
The Recession is here. Now we wait for it to be official.
Energy and commodity stocks down big time, which makes sense if market now trying to price in a recession.View attachment 143511
As late as yesterday the US Fed thru Powell publicly stated the economy ((US) is objectively in great shape, basically said it's booming.
The Whitehouse can not stop boasting how fantastic and strong the US economy is.
You guys are clearly all wrong.
Gdp at -1%.inflation at nearly 10%As late as yesterday the US Fed thru Powell publicly stated the economy ((US) is objectively in great shape, basically said it's booming.
The Whitehouse can not stop boasting how fantastic and strong the US economy is.
You guys are clearly all wrong.
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