The AUD isn't fairing well against the USD, which is a global comparative, this means our dollar is starting to feel an inflationary effect and as usual rates go up to correct, under the fiscal policy of the reserve bank.
Get ready for it, interest rates have to go up a lot more, sorry about your friend. But many more Australians will probably lose their homes under mortgage pressure as a housing crash here in Australia becomes more real, and what's worse is on top of that Australia looks to be heading into an armageddon of stagflation.
Many will suffer, and the new go-green labor-in-coming policies will exacerbate the situation exponentially. The price we pay for saving the climate I guess will create a lot of social unrest, and it will be hard for the current to keep a veil of silence.
