In February many were still silly enough to believe that rate cuts were not far away.
This fueled the rally in most sectors, particularly precious metals miners.
The same people that believed rate cuts are near, likely also believed that there would be "no rate hikes" as we were told in 2020/21.
And the same people will likely believe Chalmers claim that his budget is not inflationary - which is bull shit. It's Bidenomics-esque.
Anyone with high school level economics understands that tax cuts, mandated wage rises and power subsidies are inflationary.
Western governments continue to spend beyond their means by design.
Their spending is often politically motivated, wasteful, harmful and inefficient.
With waning support for the incumbent leaders in both the USA and Australia, the spending will likely increase into the face of rising inflation.
Promises of rate cuts will be replaced by a continuation of the silent middle class quasi recession and desperate "save the day" social spending programs to buy votes and further fuel inflation. Total shit show. Remember when they called it 'stimulus' - at least that was genuine in title.
An exponential curve of debt creation to prevent debt markets from collapsing.
"Homelessness declines as surplus outdated EV stocks provide shelter for the needy under new 'green and sustainable housing initiative' " - sic
Rates need to rise or spending needs to reduce.
Unfortunately I predict that rates will rise and spending will rise.
A recession is likely, and necessary.
Rant concludes
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$5.97 |
Change
-0.010(0.17%) |
Mkt cap ! $2.253B |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 61 | $5.95 |
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Price($) | Vol. | No. |
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$5.97 | 4562 | 3 |
View Market Depth
No. | Vol. | Price($) |
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1 | 2500 | 5.780 |
1 | 104 | 5.760 |
1 | 575 | 5.740 |
1 | 200 | 5.700 |
Price($) | Vol. | No. |
---|---|---|
5.990 | 6036 | 1 |
6.000 | 11133 | 3 |
6.010 | 3547 | 1 |
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6.050 | 50000 | 1 |
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