The gov collaborated with the RBA & The big 4 foreign owned banks and raised the rates way too slowly and too low saying. We were different to the rest of the world. Leaving us all exposed to high inflation and high mortsge rates...both great for the Banks and businesses. While draining everbody.😡
We all know Warrens views on interest rates. But we ARE different to the USA, they have 30 year fixed mortgage rates and we have predominantly variable rates. Therefore, we feel rate hikes almost immediately and mortgage holders in the USA are barely effected. Also, the US Fed just cut rates by 50 basis points, the largest single cut In 16 years....
You people don't get it. Australia is not the US. They are reducing interest rates to stimulate manufacturing and inturn jobs. We don't have manufacturing. We have very high immigration. Dropping rates here will stimulate new borrowers ie immigrants to take out bigger loans and that money goes into our only industry which is house building and that causes inflation and wage growth. They will drop rates here for political reasons but it will cause massive inflation like in the 1970s. There is nothing you can do about this. The building industry supports the government of the day and they keep immigration high while telling us we are going to meet our global warming targets. It's all BS driven by corruption.
Rate cuts will not happen in AUS out economy is currently propped up by mass migration and GOV spending if those factors were not in play we would be in a recession. Our inflation rate has not gone down why would they cut rates stop listening to what they say and do the math
Great so if they cut rates this means it will take 50years in Sydney to save for a deposit because ppl will have more money and housing will go even higher. with rents going up even higher than 10%py... whats the old joke,... Rent up 10% but Inflation down because large screen plasma tvs came down by 30% in price which make up 20% of CPI.. inflation fixed..must like employment, 1h/w = employed... Fixed...
It’s common sense. In order to cut Fed must increase money supply. That spikes inflation. Bond holders then require higher yield on long term bonds which will cause long term rates to go up, while the fed is dropping short term rates. The fed obviously knows economics and knows this. But, their purpose is to save a dying economy at the expense of higher long term rates, until the collapse happens - in other words the rate cuts are designed to “kick the can down the road” at the expense of a worse collapse. The final conclusion can only be that this is a controlled collapse, engineered as the great economic reset with the participants being the fed, well for me tho Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
What I appreciate about Linda Wilburn. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly.
When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
If this house price inflation doesn't calm down, that will feed into significant inflation for a long time ahead. If Perth houses are rising at 24% annualized, workers are going to have to push for 6% annual pay rises as a minimum. Brisbane and Adelaide not quite as high, but workers are going to need 5% annual wage growth to survive.
Commonwealth bank cutting variable rate because they want more loan business. Plus they can afford to as they didn't pass on in full interest rates lowered by rba decades ago. Like most other banks didn't as well
I think what the US Fed and market participants in the bond market can see that perhaps Warren is missing is the role that crude oil is playing in bringing inflation down. This scenario was emphasised this week with Saudi Arabia and OPEC+ confirming that oil supply will rise in coming months in an effort to gain back market share. Crude oil continues to have a pervasive effect in global economies in the production of goods and services, and there is one school of thought that there is a slim possibility that some economies could experience deflation in periods ahead.
Commonwealth bank cutting variable rate because they want more loan business. Plus they can afford to as they didn't pass on in full interest rates lowered by rba decades ago.
These drops are more political than anything vote one nation n Australian citizens party's for a fair future Labor Liberal n Greens think we're stupid and that we don't have memories and can't see they're selling us out.
We need Banking consolidation again. We also need much less than 20,000 mortgage brokers. We need Superannuation Reform so it's locked up until age 60. No access until 60. Pull out of tax free super withdrawals after that age. Price signals work and will kill inflation.
Great call and insight there from Warren Hogan.
The gov collaborated with the RBA & The big 4 foreign owned banks and raised the rates way too slowly and too low saying. We were different to the rest of the world. Leaving us all exposed to high inflation and high mortsge rates...both great for the Banks and businesses. While draining everbody.😡
We all know Warrens views on interest rates. But we ARE different to the USA, they have 30 year fixed mortgage rates and we have predominantly variable rates. Therefore, we feel rate hikes almost immediately and mortgage holders in the USA are barely effected. Also, the US Fed just cut rates by 50 basis points, the largest single cut In 16 years....
Interest rates don't control price gouging by BCA corporations.
You people don't get it.
Australia is not the US.
They are reducing interest rates to stimulate manufacturing and inturn jobs. We don't have manufacturing. We have very high immigration. Dropping rates here will stimulate new borrowers ie immigrants to take out bigger loans and that money goes into our only industry which is house building and that causes inflation and wage growth.
They will drop rates here for political reasons but it will cause massive inflation like in the 1970s.
There is nothing you can do about this. The building industry supports the government of the day and they keep immigration high while telling us we are going to meet our global warming targets. It's all BS driven by corruption.
Rate cuts will not happen in AUS out economy is currently propped up by mass migration and GOV spending if those factors were not in play we would be in a recession. Our inflation rate has not gone down why would they cut rates stop listening to what they say and do the math
Great so if they cut rates this means it will take 50years in Sydney to save for a deposit because ppl will have more money and housing will go even higher. with rents going up even higher than 10%py... whats the old joke,... Rent up 10% but Inflation down because large screen plasma tvs came down by 30% in price which make up 20% of CPI.. inflation fixed..must like employment, 1h/w = employed... Fixed...
It’s common sense. In order to cut Fed must increase money supply. That spikes inflation. Bond holders then require higher yield on long term bonds which will cause long term rates to go up, while the fed is dropping short term rates. The fed obviously knows economics and knows this. But, their purpose is to save a dying economy at the expense of higher long term rates, until the collapse happens - in other words the rate cuts are designed to “kick the can down the road” at the expense of a worse collapse. The final conclusion can only be that this is a controlled collapse, engineered as the great economic reset with the participants being the fed, well for me tho Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
SHE IS ON TELE GRAM.
@LINDAWILBURN.
What I appreciate about Linda Wilburn. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly.
When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
Of course NOT. It all just means our beloved govt in its infinite wisdom will waste more!
If this house price inflation doesn't calm down, that will feed into significant inflation for a long time ahead.
If Perth houses are rising at 24% annualized, workers are going to have to push for 6% annual pay rises as a minimum.
Brisbane and Adelaide not quite as high, but workers are going to need 5% annual wage growth to survive.
Commonwealth bank cutting variable rate because they want more loan business. Plus they can afford to as they didn't pass on in full interest rates lowered by rba decades ago. Like most other banks didn't as well
I think what the US Fed and market participants in the bond market can see that perhaps Warren is missing is the role that crude oil is playing in bringing inflation down. This scenario was emphasised this week with Saudi Arabia and OPEC+ confirming that oil supply will rise in coming months in an effort to gain back market share. Crude oil continues to have a pervasive effect in global economies in the production of goods and services, and there is one school of thought that there is a slim possibility that some economies could experience deflation in periods ahead.
Commonwealth bank cutting variable rate because they want more loan business. Plus they can afford to as they didn't pass on in full interest rates lowered by rba decades ago.
These drops are more political than anything vote one nation n Australian citizens party's for a fair future Labor Liberal n Greens think we're stupid and that we don't have memories and can't see they're selling us out.
Imflation is baked in
Rate cuts mean stagflation
We need Banking consolidation again. We also need much less than 20,000 mortgage brokers. We need Superannuation Reform so it's locked up until age 60. No access until 60. Pull out of tax free super withdrawals after that age. Price signals work and will kill inflation.
That 20,000 Mortgage brokers probably means 15,000 less bank jobs in any case. So one way or the other, there's less paper shufflers around!