I read yesterday that the RBA may have to consider lowering interest rates in 2023? In case the economy slides into stagflation. America stated the same. By the sound of it, there will soon be very many unemployed tradies as the builders slowly go bust.
Also food is going through the roof in the UK, apparently a 750 gram packet of Lurpack spreadable butter is now 7.25 GBP! Which is equivalent to $12.79 per pack. They are all complaining as no-one wishes to eat packs of butter. That is just one example. Heinz products have all increased by 25%.
Then there is petrol, diesel etc. I feel very sorry for poor people. But I mustn't complain, I will have dear Tau after me
