Is this good news ?, page-106

First 106 Last

Share
Profile

Follow
PhillW

3,116 Posts.

1209

11/03/21

10:39

Post #: 51682069
Share

Originally posted by theoc: ↑

................My personal view (gut feel) is that the inflation figure is going to be in the 4-5% by Dec 2021.................

Have to challenge you on that one GF. I can imagine lots of price increases however I just cant see the other half of true inflation pressure and that is wages so what that really leads to is a decrease in disposable income that in turn leads to discounting of consumer items in turn leading to lower confidence and eventually stagnation or at best a 2 speed economy. Unless or until you lower unemployment and begin to increase wages inflation cant really get a grip - certainly agree here in Aust we will see lots of price rises within this year. Fuel up, shipping up gov charges probably up but wages not so much ! Just dont imagine even with a couple trillion released into the USA economy it will be much different within this year and as for Europe well I just dont think anyone can figure them out just now. While I am at it I understand the gold/bitcoin argument however dont subscribe to bitcoin ultimatley holding GP back - Golds fortune (sorry) is still tied to the change in the strength of the dollar. I'm with those who see a healthy but not silly increase in the GP over the ensuing months.
I do admit to having been wrong once before - there was that 1 time I thought I had made a mistake

Expand

Australian CPI increase for pensions etc for 31 March is 0.9%. That implies 1.8% over 12 months. As the CPI is lagging indicator and the bulk of the 0.9% increase has probably occurred in the latter half of the 6 month period then the RBA target of 2-3% is probably going to be achieved.

DCN Price at posting: 39.8¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too