It's all good Kacy India have 98 million upper class left to go...

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09/02/18

11:15

Post #: 30941098
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Originally posted by kacy ↑

The bond rort continues. If you think this is a smashing, wait till the US bond rate goes above 3%, and the bond market capitulates.

And don't expect it to stop there with the US gov issuing more and more (trillions) in bonds over the next 12 months to fulfill Trump's tax cuts and the Senate's budget deal to raise another $300 billion more than the market had expected. All in a climate where bondholders are fearful of being burnt to a crisp by inflation. And the bond supply ramp-up (in a buyer vacuum) has to continue into the foreseeable future because the US gov and all the other major economies have no plan in place to reign in their debt and budget deficits. You couldn't make things worse if you tried!

Here is Aus, the last recession was named "the recession we had to have". The next one will be named "the recession (depression) we could not avoid" and it just got a lot closer. By telling the world Australia will keep rates on hold into the foreseeable future, Reserve Bank governor has setup the AUD to go sub 60c. Rising import costs, rising wages and rising production costs will put his inflation estimate out by a factor of 10. Wage earners and welfare recipients will have to be compensated adding to debt and production costs and inflation.

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It's all good Kacy India have 98 million upper class left to go with the 2 million we already took. No recession will ever happen when you have 300 to 500 thousand wealthy immigrants coming each year bringing $1 million in cash with them per family. That's like $100 billion cash per year we import for our various ponzi schemes.

Simple fact is this is what we are doing. Sorry to go into politics but I'm not picking a side as both LNP & Labor are to blame.

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It's all good Kacy India have 98 million upper class left to go...

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It's all good Kacy India have 98 million upper class left to go...

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