Walk The World
Stronger than expected data from the ABS today increases the likelihood of a cash rate hike from the RBA next month. The moving parts were all over the shop, warped by the addition and removal of various Government support programmes and holiday travel and spend.
No discretionary remains very high, and more costs will flow from higher wages. This may not be over as soon as many expect.
Go to the Walk The World Universe at https://walktheworld.com.au/
Find more at https://digitalfinanceanalytics.com/blog/ where you can subscribe to our research alerts
Please consider supporting our work via Patreon: https://www.patreon.com/DigitalFinanceAnalytics
Or make a one-off contribution to help cover our costs via PayPal at: https://www.paypal.me/MartinDFA
We also can receive bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1
Please share this post to help to spread the word about the state of things….
Caveat Emptor! Note: this is NOT financial or property advice!!
🚨BEWARE OF SCAMMERS🚨
As there are accounts impersonating Walk The World in the comments on YouTube, note that our comments will have a distinguishable verified symbol. And remember that we will never message you asking you to give us money or talk to us on other platforms such as WhatsApp or Telegram
Trogs are gouging for profits, wages are stagnant. Interest rates will have little to no effect.
Economic collapse will be the result when defaults a rampant, unemployment will soar as businesses shut down and homelessness, hunger and crime will be the norm.
The invalids at the RBA really have their pants at their ankles now. Property bust or inflation for years…..take your pick Sleepy Phil.
Just exclude any product whose price has increased from the stats! That is the bureaucratic solution!
With the govt sustained policy of spending (debt fuelled) like a drunken sailor through their 'medical crisis' and now special 'offshore assistance', what did they think was going to happen to 'living" costs?
Oh No Do You all know what this means to the Strugglers? We are in the Shit for awhile longer for sure.
Forecast was 7.6%! Forecast 1.6% quarterly.?😂😱
Food prices! 😢😢
Is 7.8% cpi the peak? 7.8% cpi is just an arbitrary number✔️
For many months I have said that the RBA is not acting in the interests of ordinary Aussies. Slower & lower for longer is in the Interests of Banks, Businesses and the top end of town .😡☹😡☹😡
So around 17.8% the real numbers
Emerging Humpty Dumpty situation with industrial relations reform fantasies,Secure Jobs,Better Pay legislation incapable of remedying basics whilst inflation continues to outpace wage increases,on top of massive debt timebombs,everything bubble bursting etc.Real broad substantial progressive action needed fast.
Appreciate the summary mate. people are buying like a pivot coming but they all forget how much pain that comes with contraction – less consumer and business spending, mass job losses, less company profits, lower asset values etc. Ppl shall find out I hope not the hard way. Position appropriately.
You would have to be an absolute idiot to say inflation is under control. 7.8% while cash rate is only 3.1% you manage you household this way and you wouldn't have your property very long.
How about stopping the handouts to businesses and other frivolous entities that only fuel it.
Inflation at 7.80% is certainly moving in the wrong direction. Anybody who shops weekly will know that this figure is understated. I am anxiously awaiting the RBA decision regarding the next rate increase next month. Will the RBA finally get serious about combatting inflation with rate increases in line with US, NZ and Canada?
we all pay… to keep housing bubbles
just wait til oil goes up again
lowe gets it wrong again…first he took too lowe for too long..then 2 years ago it was just transitory..nothing to see he claimed …then he proclaimed it was going to stay lowe till 2024…as he sent FTB's to the wall..now he says we need to wait and see..and in the end its not his fault..RBA no accountability !!!!
Real CPI = CPLie + 1.618*CPLie = 20.4%
For those who don't drive a Toyota Hilux, it's time to go to Bunnings and buy a large capacity wheelbarrow. You will need something into which to stack your Superannuation to travel to Wollies to buy a loaf of bread. For every million you may have in Superannuation, you may have noticed that real price inflation in the last couple of years has cost you around $300K. And just a few years ago, you were wondering how they were going to steal your retirement wealth? So as nations flee the US Dollar and that old reserve Petrodollar currency sinks slowly into oblivion, get ready for the financial consequences of living co-dependently in the Weimar Republic of Australia.
Perhaps it’s deliberate to usher in CBCD’s like Argentina and Brazil are doing