Hi Capitilist I am interested in your opinion because I take a...

Hi Capitilist I am interested in your opinion because I take a rather opposing view.

I do not believe that the budget spending or tax cuts will have a material effect on inflation. People are doing it quite tough and I don't think a spendathon will result. Rather, savings will increase and there will be an emphasis on paying down debt.

Inflation worldwide is dropping, together with interest rates and we will likely follow.