@Hingdog; there's no doubt that Lowe's decision to finally move interest rates has clobbered the ASX. In the last few weeks of the 2021-22 FY we're seeing loss realisation from shares being used to offset windfall income from Morrison's very poorly administered JobKeeper etc.
We're also seeing the flight of Chinese 'investors' as they continue to desert Australia since Morrison became PM - levels falling from $25 Billion a year to less than peanuts this year. I wonder if this will this be offset by a return to investing in Australia by our major super funds once the dust settles.
With no resolution of the war in Ukraine in sight and indeed western sanctions against Russia causing even more inflationary pressures we may yet see a global recession. Our RBA has stuffed up big time and appears set to undertake knee-jerk reactions that could well trigger a recession.
One country is very good at manufacturing weapons though and there are already mixed signals coming from the DJIA.
