Will QAN survive?, page-2635

The feckless Philip Lowe and his incompetent board at the Reserve Bank of Australia A.K.A. the Ministry of Oz Property Bubble Blowing will not move on interest rates until after the election, despite having a mandate that separates them from politics.

Meanwhile inflation runs hot and Australian media keeps talking about "the challenges of home affordability" instead of calling it for what it is: a housing market bubble.

When interest rates move, like I predict that they will in the US later this month with a 0.5% uplift, watch the panic. Household, corporate and sovereign debt is at record levels of absurdity. The interest costs on this will cause people, businesses and even nations to default on their loans over the coming years.

None of this should be hard to see by anybody with an ounce on intelligence, but the market remains in a bubble, for now...