US markets are down a lot more than ASX200 since friday. Either US bounces or ASX has a bit of downside pressure to resolve. Does RBA hike next week? RBA, FED, UK,EU, Swiss, in that order? Money supply just starting to dry up - lots of people still believing this party is still going. It all takes time - Interesting times - consumers still spending, employment up, retirees with money from super - cost of living climbing which should only increase for many as interest rates rise - even if everything else stays the same. I guess no central banker will be harmed due to higher costs. At least I can rest easy over that.
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