Just released by the RBA as per business spectator article today...

Just released by the RBA as per business spectator article today about INFLATION.

Very interesting about inflation rates and the US. Well the RBA might be right about the US needing to increasing interest rates to control INFLATION but I don't expect the US will increase interest rates just based on the risk of pushing the US spiraling backwards with job growth and recovery. Hence why the increase in gold price going forward (but given that the US don't care about inflation if it means job creation and Japan is targeting inflation than the sky is the limit for price of Gold).


THIS IS WHAT ALAN KHOLER WAS POINTING OUT LAST NIGHT THAT THE INFLATION CRISIS IS COMING BUT JUST HASN'T ARRIVED YET


The business spectator article extract as per below:-


United States recovery could be tricky: RBA

"The US central bank has been left with buying bonds from commercial banks in order to help promote lending and stimulate the economy because it can't cut its interest rate any further.

RBA governor Glenn Stevens told a parliamentary committee that as the US economy started to fully recover it may need to start raising its rate to keep inflation under control.

He said this turnaround historically had been tricky. "

http://www.businessspectator.com.au/bs.nsf/Article/US-recovery-could-be-tricky-RBA-chief-55VYE?OpenDocument&src=hp3