| Investors ridiculing the Federal Reserve for raising rates too fast to tame inflation are eating their words.
One investor who has been denying the durability of inflation and the importance of services to this is American shock jock investment commentator Jim Cramer, who now has an exchange traded fundHis mistake, which should be noted by Australian investors and the Reserve Bank, is to downplay the impact of higher wages on the cost of services.“Service sector inflation is less important,” Cramer said a few months ago, “You don’t need to travel, you don’t need to go out to dinner.
Transport services are now up 14.9 per cent over the year – the largest annual gain in 42 years. Water, sewerage and rubbish collection services are up 5.2 per cent – the largest annual gain in almost 10 years.
I have not seeing an article on the cost of electricity. C&I customers that are coming off the electricity contract at rate of 8-10 $C kWh are going into 25-30$C kWh. Some of them are getting over 400% increase on the electricity costs. Increasing cash rates won't solve that
No one needs to listen to Cramer.
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Why immigrant ‘flood’ could stop RBA increasesOPINION: Record migration should buy the Reserve Bank time to avoid lifting the cash rate to the 4.1 per cent plus level currently priced by markets. China is not here to absorb the inflation this time. Perhaps we should look at developing Vietnam. You say that like we have the housing or infrastructure , laughable really ! that should warm the cockles of Gerry Harvey's heart
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RBA in crisis meetings as payment systems go downA major failure of RBA payments systems has frozen money transfers at major banks across the country. Yet more evidence of RBA incompetence. PC appointments do eventually catch up with you.
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Chalmers says he will warn Powell on interest rate risksTreasurer Jim Chalmers will warn the Fed Reserve chairman of the impact of higher interest rates, and also says he won’t touch stage three tax cuts in his first budget. GrogsGamut I have a small home loan that we recently consolidated for a better interest rate which seen us paying much less per month. Our repayments have increased by 1/4 since July. Pretty frustrating, but nothing compared to young families buying their 1st home - or renters I'm pretty sure they can fuck there own country without your help..
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RBA rate rises won’t trigger a recession, UBS saysThe Australian economy has withstood more aggressive tightening cycles than the present one and still avoided a recession. DawsonChazz here is your answer bro
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Former RBA deputy flags Australia’s risks of slow start on green energyFormer Reserve Bank deputy Guy Debelle says Australia could become a green energy superpower but warns we risk having “the rug pulled from under us” without incentives to attract infrastructure investment. Yes they are always right. Like no interest rate rise until 2024.
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Chalmers to raise ‘blunt and brutal’ monetary policy with US Federal ReserveJim Chalmers has arrived in Washington for a critical meeting of central bankers and global finance ministers, warning that Australia would not be immune from “a substantial deterioration” in economic conditions. FarrahTomazin I didn’t hear any concerns when the Fed were printing money ad nauseum when it wasn’t necessary. And now we have a system that can’t survive without QE. FarrahTomazin Not that they'll listen much but he's on the right track.. they need to slow down and wait at least a few more weeks to assess A supply chain / supply side crunch as an economy sputters and restarts after a pandemic not a hot boom demand cycle FarrahTomazin They'll tell him to piss off
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