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If our debt is in foreign currency then Australia is doomedalbo...

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drew666

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27/05/22

06:29

Post #: 61650398
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Originally posted by quickthinker: ↑

The USA fed has confirmed yesterday that there will be several 50 basis point increases coming into play. If Australia doesn’t follow suit then our dollar will tank thereby making fuel more expensive which in turn will push inflation up into record territory. So be warned and be prepared for much higher interest rates. If labor don’t run a tight physical budget we are going to have huge problems as our interest on our debt is about to soar hence the reason I stated Australians are dumb, as labor have never been able to run a tight physical budget in all aspects of their existence be it federal or states.

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If our debt is in foreign currency then Australia is doomed

albo better have someone in his team who can sort out the numbers cause I doubt he can being from a housing commission complex and all
3 Upvote

0 Great analysis

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