$CommBank(CBA.AU$ You bastards who sold $CBA off! How dare you!!
Government please intervene...we can't have this...
Government please intervene...we can't have this...
DustBrother
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RBA interest rate hold again yesterday, freezing the cash rate at 4.35%.
Three-year high on mortgage arrears.
Thankfully the country has propped the housing market with record migration, up 695,000 in 12 months.
How to tackle inflation?
Keep interest rates above 4%
Open flood gates to migration
Continue to print money at a rate less than the GDP income surpluss of the migrants?
If the GDP per person is $66,589.05, we can expect the migrants to generate $43.785 billion dollars for Australia.
RBA...
Three-year high on mortgage arrears.
Thankfully the country has propped the housing market with record migration, up 695,000 in 12 months.
How to tackle inflation?
Keep interest rates above 4%
Open flood gates to migration
Continue to print money at a rate less than the GDP income surpluss of the migrants?
If the GDP per person is $66,589.05, we can expect the migrants to generate $43.785 billion dollars for Australia.
RBA...
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DustBrother
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"We expect to see further increases in [home and personal loan] arrears in the months ahead given continued pressure on real household disposable incomes," $CommBank(CBA.AU$ said in its quarterly trading update.
Green tis but a blip
Green tis but a blip
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DustBrother
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For this month at least. I still believe we will see another rate rise this year.
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Very interesting comment - they all (banks) claim that they are writing business at below cost - well that’s a perspective based on pre determined profits - reality is they still make money - at lower margins
Compared the NIM’s
$CommBank(CBA.AU$ - 1.99%
$Westpac Banking Corp(WBC.AU$ - 1.89%
$National Australia Bank Ltd(NAB.AU$ - 1.72%
$ANZ Group Holdings Ltd(ANZ.AU$ - 1.63%
Compared the NIM’s
$CommBank(CBA.AU$ - 1.99%
$Westpac Banking Corp(WBC.AU$ - 1.89%
$National Australia Bank Ltd(NAB.AU$ - 1.72%
$ANZ Group Holdings Ltd(ANZ.AU$ - 1.63%
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Not 1st try, tho. Remember Cosmos's ETF in 2022? 😅
But US success & evolving market give hope!
But US success & evolving market give hope!
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Is it just me or does 3.6% sound ok?
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$BHP Group Ltd(BHP.AU$ BHP's earnings report gives me a sense of "steady progress". Sure, the iron ore production growth is modest, but considering the wet weather challenges, maintaining this momentum is quite impressive. And the operational efficiencies are on the rise too. This company is well on its way to becoming the "valedictorian of the mining world"! 👍
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