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kingpins

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14/06/22

16:25

Post #: 61995610
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Originally posted by FreeBaller ↑

Markets have now priced in 50bps hikes from the RBA in July, August and September with an OCR as high as 3.5% by December.

Yields on Aus bonds surged today in the largest single move since 2009. With mortgage rates soaring from recent lows of around 2% up to 6% in coming months, the Australian housing market could be entering its most severe and shocking downturn in more than a century.

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The "experts" in the government still say there is no inflation and I calculate that my normal spend at the supermarket is now three to four times what it was four years ago
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