Hi prowiz ... indeed ... for those who follow the RBA and the musings of Glenn Stevens in particular, there is no point being anal about modest inflation (2-3%) at the risk of killing the economy.
I will bet that if the Cash Rate now was 3.75% the XJO would be 6000 and folks would be spending coz they felt positive about our economy.
Well done Glenn ...
The US and Japan think we are nuts !!! Our high interest rate creates simple 'carry-trade' arbitrage ... swap low interest US Dollars/Yen for high interest AUD Dollars = FREE MONEY !!!
Worth remembering, if June numbers come in NEGATIVE then technically we shall be in RECESSION !!!
In which case, Glenn might need to invest a few extra neurons and sharpen his pencil !!!
Cheers ... tight stops.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |