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Hi TB But what of the effects of the RBA printing press remedy,...

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17/03/20

20:52

Post #: 43547224
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Originally posted by thorburn ↑

I beg to differ mm. There won't be any inflation. Rates near zero for quite a while and an AUD under 70c for almost a year and the effect on our inflation has been zip.

Add lower fuel prices, gaining unemployment and a population staying at home and watching endless inaccurate coronavirus news beat ups, leaving clubs, pubs, restaurants, shopping mall etc near vacant How can inflation take off? Money velocity is nearly stalled.

I read today Fitch's report about our GPN. It reckons 1.2% while another report is -.2%.

You'd hear the sigh of relief from RBA HQ in Moorooka if inflation took off.

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Hi TB
But what of the effects of the RBA printing press remedy, the obvious huge support for the share market, the figures are unbelievable

Taking a leaf out of Trumps rule book of keep the boom going at any cost -- what is it doing to the intrinsic value of our Dollar ?

Monopoly money does not buy much
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