Indices 10/10, page-30

"the asx200 has imo bottomed out already. the sp500 might see one last earnings flush but otherwise i think its a good time to start accumulating now that interest rates have peaked."

So interest rates have peaked, have they? There is plenty of evidence that they haven't peaked, for example inflation is nearly three times the cash rate, and unemployment is at record lows. Demand will have to be forced much lower by higher interest rates before inflation can be reduced to the target band.

Anyway, interest rates cannot be assumed to have peaked until the RBA says they have peaked, because the RBA is in charge of interest rates. And if the RBA eventually does say that interest rates have peaked, would it even be safe to believe what the RBA says?