I can't believe that the market is surprised about the inflation figure.
Damn, check the pump price, every company using road transport has been applying a fuel levy on their delivery costs.
The end receiver of these goods has to pass these on.
All the by products of oil (eg plastic) has to go up.
The media has been spruiking a another rate rise for the past 4 weeks. They even been suggesting a second rise in December.
Make it sound bad then don't implement a Dec rise, and the market will treat it as good news.
All in all there in no fuel (pardon the pun) left in the tank to propel our market.
This bull is going shopping for a bear skin jacket.
The upside is some cheaper bank stocks are now available.
what the...
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