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Iwonder

9,893 Posts.

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05/09/24

16:42

Post #: 75547087
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Originally posted by pintohoo: ↑

''so could this force the RBA decision on rates?''

not if the choice is between fighting inflation or losing the battle

but what it could 'force' is that mortgage holders ------------ banks, lower rates and let some profit go ------------- why?

to stop a wave of mortgage defaults, which might become like a rolling snowball

it is no mystery that Oz is well stuck in a mire ------------ drop rates - heat up inflation. Raise rates - stress borrowers

it's a balancing act --------------- and one slip atm ---------- and it's probably goodnight girl, it's all over ------------- for many.

IMO - whilst there are many conditions in Australia that are very very troublesome - the biggest dangers come from overseas ---------- one of which is clearly, the POTUS election

if Trump wins and does anything remotely like he's said about tariffs - on both China and on ALL places -- the shit is going to hit the fan

what kind of shit heads off the fan to Australia is to be seen. the results could be wild - but, what kind of wild is up for grabs -----

what is the least likely is that 'not much will happen for Oz'

Oz is precarious - the NAB dropped it's rates - and puff - the Ozzie fell out of bed - again. Oz is ultra sensitive to international happenings.

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You say people spending money and buying products they need causes inflation
I am feeling a little dumb today
Can you explain how people buying groceries inflates the price of groceries?

iwonder
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