Australia's largest stock trading and investment forum Australia's #1 stock forum

Chalmers and Albanese just displaying for all that they are...

First 6 Last

Share
Profile

Follow
Cowboyinvestor

23,688 Posts.

33

29/06/24

12:13

Post #: 74530816
Share

Originally posted by alonso: ↑

I feel pretty sure there will be another rate rise of .25% within the next couple of months. Maybe more than one.
It's the consequences I'm not so sure about.
Of course it's going to put a heavy burden on mortgage holders with unheard of loan balances up till a very few years ago. And that of course will put more pressure on consumer spending, especially discretionary spending.
We'll see businesses in that area, everything from clothing, furniture, hospitality to holiday travel, likely to contract. And of course they all have loans to service.
So general contraction is on the cards and in turn that means job losses.
So instead of the upward spiral continuing, eventually there will be a downward spiral, which of course is the aim of it all, and price levels fall somewhat.

But it's an unenviable exercise in judgement as to how hard to brake without losing control.

Expand

Chalmers and Albanese just displaying for all that they are fundamentally an incompetent government
13 Upvote

Reply

Top Stories

Monday's HotCopper trends: Northern Star forecast, AML3D Navy handshake | July 7

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

ASX Market Close: Trump tariffs paused til August; CBA falls below $300B

AII

Inside the depths of Panasqueira: A legacy carved in rock

First 6 Last

SPONSORED BY