Morning,
Markets a little red, no big red though.
Inflation picking up again as expected with such low interest rates and massive government spending fueling it.
AUssie interest rates are still below inflation and thus we are still in stimulus mode, Government spending is also still in stimulus mode unfortunately.
It's absolutely ridiculous that our rates are still so low and our government spending is still so astronomically high.
Looks like they want to learn the hard way unfortunately.
Oil higher, Bonds higher.
https://www.cnbc.com/2024/03/14/producer-price-index-february-2024-wholesale-inflation-rose-0point6percent-in-february.html
Have a nice day.
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