Wealthy Leio
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... $Westpac Banking Corp(WBC.AU$ pointed out, things have improved quite a bit on the competitive dynamic front.
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Wealthy Leio
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The calibre of people at the RBA is just atrocious. ‘Retail central banking’.
$S&P/ASX 200(.XJO.AU$ $Rio Tinto Ltd(RIO.AU$
$S&P/ASX 200(.XJO.AU$ $Rio Tinto Ltd(RIO.AU$
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Wealthy Leio
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I can do two:
shit scared.
shit scared.
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Wealthy Leio
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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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Wealthy Leio
commented on
Chalmers said no and Bullock obeyed..........
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Wealthy Leio
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I have a live view of the entrance to the RBA now!🤣🤣🤣🤣
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Wealthy Leio
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Miserable retail sales.
In real terms, -0.4%; down 6 of last 7 qtrs - wow.
Down 5.7% in real per capita terms from peak - wow squared.
I'm hopeful RBA doesn't stuff things up. Inflation is falling - hiking interest rates due to insurance, petrol, school fees?
In real terms, -0.4%; down 6 of last 7 qtrs - wow.
Down 5.7% in real per capita terms from peak - wow squared.
I'm hopeful RBA doesn't stuff things up. Inflation is falling - hiking interest rates due to insurance, petrol, school fees?
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Wealthy Leio
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looks interesting here for a short, especially after the RBA rate decision, which left behind some dovish tunes.
However, I'm not convinced it's ready yet and think we can see a test of the range high before a more sustained move lower.
The trade is also quite crowded… $BHP Group Ltd(BHP.AU$
However, I'm not convinced it's ready yet and think we can see a test of the range high before a more sustained move lower.
The trade is also quite crowded… $BHP Group Ltd(BHP.AU$
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Wealthy Leio
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RBA leaves policy rate unhinged at 4.35%.
Aus Finance gurus if you were PM/Treasurer how would you deflate inflation????
It’s your first day in office….go…
Aus Finance gurus if you were PM/Treasurer how would you deflate inflation????
It’s your first day in office….go…
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Wealthy Leio
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For this month at least. I still believe we will see another rate rise this year.
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