All the Democratic supporters against Trump on these forums pre election were warned how they would be affected in Australia.... The USA business community now talking about 12% interest rates....The Dow is starting to show cracks.... inflation is climbing and with that happening Australia’s biggest market (housing) could be coming to an end. Interest rates doubled in the last bubble from 9% to 18%. Most people’s mortgages are 80% interest payments before anything comes off the actual loan. Interest rates are around 2.5% and could be 10% in a few years time and I cannot see wages growth of 4 times the current wage levels therefore causing a huge problem in the housing market. Super balances are eroding as the markets start to feel inflation bite in the USA. There is trouble ahead so be warned.... start saving cash in the bank today to offset your house mortgage in the years ahead or you are going to lose your home when Interest rates start kicking in.
