10-12-2022, 12:58 AM
World is in a mess in many areas, had to laugh at the Government in England who are abolishing higher tax brackets which will pump more money into the economy, then you have the Bank of England who are putting up interest rates trying to curb inflation so you have two forces pulling in opposite directions and clearly the Government have no idea what they are doing.
The Bond market has panicked in England and recession is forgone conclusion over there and most of europe imho.
The USA Fed will keep pushing up interest rates and Jerome Powell has shown little interest in backing off so I expect that to keeping flowing on down here even though Dr Phil Lowe backed off last rise with just a 0.25 rise but that was more about him and his crew being threatened with the lemon and sars by Albo and Dr Jim who dont want a recession in the first year of government and having such a large CoVid debt even though they found some extra dough under the couch from ScoMo.
Aus might escape recession technically but I think its going to get a bit worse before it gets better and the problem is that interest rates might peak and get a haircut but they wont be coming back down to the low levels they were and costs will continue to stay high for the average joe. The good news is that the financial sector is cyclical and up more times than its down over history and things will get back to normal eventually.
The Bond market has panicked in England and recession is forgone conclusion over there and most of europe imho.
The USA Fed will keep pushing up interest rates and Jerome Powell has shown little interest in backing off so I expect that to keeping flowing on down here even though Dr Phil Lowe backed off last rise with just a 0.25 rise but that was more about him and his crew being threatened with the lemon and sars by Albo and Dr Jim who dont want a recession in the first year of government and having such a large CoVid debt even though they found some extra dough under the couch from ScoMo.
Aus might escape recession technically but I think its going to get a bit worse before it gets better and the problem is that interest rates might peak and get a haircut but they wont be coming back down to the low levels they were and costs will continue to stay high for the average joe. The good news is that the financial sector is cyclical and up more times than its down over history and things will get back to normal eventually.