Inflation

[divs4ever]

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 am thinking the RBA will hike 0.5% again ( with a lesser chance of 0.4% to round the current rate )

the RBA has more opportunities to increase in the regular cycles than several major trading partners so i THINK they will rise less per hike but hike until at least 3% is reached

and if the world economy gets hit by a truck 3% will be like spitting on a forest fire

 

[3 hound]

will be like spitting on a forest fire

I was bracing for just a standard pissing into the wind level event.

This sounds much worse.

 

[divs4ever]

Gdp at -1%.inflation at nearly 10%
That basically means the economy/wealth of the US has fallen by 10%???
In real term..not in $ number i mean

i am more likely to believe Mary Whitehouse than the US White House on statements about the US economy

Mary Whitehouse - Wikipedia

en.wikipedia.org

 

[divs4ever]

I would bracing for just a standard pissing into the wind level event.

This sounds much worse.

having been close and personal with GRASS fires , it looks to be MUCH worse ( in a hot forest fire some trees explode as the sap boils/burns ) ( and i can't spit very far )

 

[3 hound]

i am more likely to believe Mary Whitehouse than the US White House on statements about the US economy

Mary Whitehouse - Wikipedia

en.wikipedia.org

And I believe Amy Winehouse more than both of them.

RIP Amy.

https://en.wikipedia.org/wiki/Amy_Winehouse

 

[3 hound]

having been close and personal with GRASS fires , it looks to be MUCH worse ( in a hot forest fire some trees explode as the sap boils/burns ) ( and i can't spit very far )

So what your saying is, it looks bad.

 

[divs4ever]

Rhetoric can always change.

Chair Powell didn't have a closed-door meeting with Biden in Q1 just to explain to him the economy is booming....

they were probably having ice-creams ( because the US economy hasn't improved a whisker )

 

[divs4ever]

So what your saying is, it looks bad.

yes very bad , and the only solution the West has , is distraction ( aka a MAJOR war )

they can't tighten ( liquidity ) they can't hike ( much ) i reckon they will go to war and delay bond redemptions ( and probably coupon payments )

 

[3 hound]

yes very bad , and the only solution the West has , is distraction ( aka a MAJOR war )

they can't tighten ( liquidity ) they can't hike ( much ) i reckon they will go to war and delay bond redemptions ( and probably coupon payments )

I wonder if government will be keeping track of CO2 emissions in the war machinery and if they have will use renewables.

The Australian army has purchased electric motor bikes (no joke) in order to fight wars more sustainably and with less impact on the environment.

 

[over9k]

I wonder if government will be keeping track of CO2 emissions in the war machinery and if they have will use renewables.

The Australian army has purchased electric motor bikes (no joke) in order to fight wars more sustainably and with less impact on the environment.

That's a tactical thing, not an emissions thing. Electric bikes are very quiet/can't be heard by the bad guys. They're trying to do the same thing with all their vehicles but the battery tech just isn't there yet.

A military environment is completely different to civvy street.

 

[qldfrog]

I wonder if government will be keeping track of CO2 emissions in the war machinery and if they have will use renewables.

The Australian army has purchased electric motor bikes (no joke) in order to fight wars more sustainably and with less impact on the environment.

A bit off track but last month, a top jewellery in Paris was armed robbed, 9 cops arrived within minutes, but could not chase the robbers as they were on their new green bicycles;
The bad guys then met a patrol on a road but did not stop when asked..so they went as shooting by police is now a no go and they did not keep to the speed limit so pursuit could not proceed.
If law enforcement in the woke west matches our new economic policy, better buy more Yuan and Rubble...

 

[3 hound]

Electric bikes are very quiet/can't be heard by the bad guys. They're trying to do the same thing with all their vehicles but the battery tech just isn't there yet.

A military environment is completely different to civvy street.

Yeah but the motorbikes were accompanied by an entire battalion of heavy diesel vehicles - stealth not.

Also have you ever heard how much noise they make in the bush even if they had no motor, a mountain bike is far from stealth - it has nothing to do with civvy street, it's basic physics and commonsense.

"That's a tactical thing, not an emissions thing. ". no, the army specifically stated (I paraphrase) it's a move to greener more environmentally way to fight wars. Stealth was not mentioned.

 

[waterbottle]

Euro inflation expected to remain high. All the more reason for the ECB to follow the global trend of IR hikes, albeit starting from near 0%.

https://www.abnamro.com/research/en/our-research/euro-inflation-is-not-coming-down

 

[3 hound]

So is war in general an inflationary or deflationary force on the economy and how?

 

[moXJO]

So what your saying is, it looks bad.

Matter of perspective. It looks bad for the common pleb. Looks great for investors.

 

[waterbottle]

So is war in general an inflationary or deflationary force on the economy and how?

If the war involves restrictions on energy commodities that the global economy is dependent on, its inflationary....

 

[divs4ever]

So is war in general an inflationary or deflationary force on the economy and how?

all the outstanding accounts ( at government level ) get ignored and any criticism is unpatriotic ( Russian Disinformation )

most meaningful productivity gets converted into 'the war effort ' as money disappears down rifle barrels and into new war toys , and of course the peasants are shamed into self-austerity and suffer rationing

OH and a big chunk of the work-force are never the same again

 

[divs4ever]

Matter of perspective. It looks bad for the common pleb. Looks great for investors.

MAYBE , the problem is modern governments like to pick the winners ( their crony mates and families )

 

[3 hound]

all the outstanding accounts ( at government level ) get ignored and any criticism is unpatriotic ( Russian Disinformation )

most meaningful productivity gets converted into 'the war effort ' as money disappears down rifle barrels and into new war toys , and of course the peasants are shamed into self-austerity and suffer rationing

OH and a big chunk of the work-force are never the same again

That sounds deflationary?

 

[waterbottle]

EU inflation at 8.6% v. 8.4% expected. We all know what the ECB needs to do...