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Tarvold

18,861 Posts.

1208

17/04/24

11:20

Post #: 73384023
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Originally posted by Joannie: ↑

That is very interesting nippy, I wasn’t aware of that.
We should try and learn from history, but we rarely do.

Personally I think we may be heading for deflation.
I cannot see RBA cutting rates. in June, I could be totally wrong, I often am.
But just to compare the situation here with my homeland England.

Illegal immigrants pour in on a daily basis, they are put up in hotels and fed and watered, plus given spending money.
It is totally unsustainable.
Many are given cheap rentals in some of the most affluent areas in London eg.
The NHS is under so much pressure, it is frankly almost impossible to get a Dr’s appointment.
Prescriptions are free for everyone, insanity.

We still have many friends and family there and I just despair.
Perhaps WW111 will arrive with a vengeance and we will all be blown away, who knows.

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Prescriptions aren't free in the UK, what are you on about?
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