"That's the reason why we an live with 3-3.5% now and will be the new "norm"
Nop! Inflation is rocketing back up in the US and if you do the sums its already at 4.8%. (0.4 x 12 = 4.8%)
And it will be worse here after all the pay increases and handouts Albo has been palming out.
=> You know things are bad when Biden tells Ukraine to stop fighting Russia with drones - but its ok for Russia to obliterate Ukraine with drones & missiles!
The only way they can cut rates now is if we get a recession or worse.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-15229
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Last
7,726.8 |
Change
-23.200(0.30%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,750.0 | 7,750.0 | 7,714.6 |
| XJO (ASX) Chart |