What will it be? The standard fare of lower teh rates lowerer and MPLOL louder?
or something different, like a token rise in teh rate and a token unwinding of QE?
or something completely out there and unexpected?!
What will it be? The standard fare of lower teh rates lowerer and MPLOL louder?
or something different, like a token rise in teh rate and a token unwinding of QE?
or something completely out there and unexpected?!
…
So we got some:
i suppose that the first item might seep through into higher fixed-rate mortgages. But in the main it’s just “lowerer for longerer”
The ponzi is so big that it is impossible to raise rates without it all collapsing.
In the main – yes.
but I have said, before, that I think the RBA would have enough restraint to do nothing if 15%-20% were to melt away from house price levels.
beyond that top level of depth, they’ll defend prices strongly.
I don’t think 15-20% is a hard and fast rule. It really depends on how much pain there is for the elite and also for bank share prices. Last house price decrease was not associated with a sharemarket crash or correction so it was allowed to run its course.
That is a good question. We have all seen the farce over the last few decades where Governments have done everything they can to prop up house prices in Australia. It would be a brave person that would bet against Government intervention if prices started declining significantly. My guess is that they will do everything they can to prop house prices up.
That is true. The cure for inflation will be population QE. It worked pre Covid and put downward pressure on wages and hence costs and prices for everything except investable assets.
https://www.ft.com/content/10fc6f3f-1f45-4cdd-a176-bb4a9d9afa0c
Maybe this time it’s different 😉
Extend and pretend, kick that can while they still can
Rates won’t rise until after election.
RBA will be happy to “see through” 3.5%CPI
More extend and pretend.
House prices are no issue when even a disabled kid can buy one.
https://www.realestate.com.au/news/teenage-battler-buys-1m-home/
Oh my god, that article!
I can remember it was around 2009 when my ex-GF who as earning $200k pa, and was freaking out at the thought of a $400k loan. It is amazing how quickly the debt mindset has changed.
Fark me. Those two look like theyll be partying like it’s 1999.
God bless Denmark!
What’s going on there?
is it the rollback of the covid stupidity that they had been planning? Did they do it?
Norway too. I guess they’ve realised the game is up and are letting it rip.
Considering these are poster child nations for the left not sure how the lockdown loonies will tract.
Will they ever be able to raise the rate? I don’t think there will ever be a significant increase in the interest rate without a widespread financial collapse triggering it.
It is not just an EZFKA thing either. As the Fed reserve raises rates watch financial crises spring up on every corner of the world. I doubt that they could get more than two or three rate increases in before everything turns pear shaped.
But don’t worry BlackRock will be there to purchase all of the mortgagee in possession sales.
RBA’s wording is consistent with what I have been saying about no sustained inflation without wage inflation. We know Gov will open up the borders to make sure wages don’t rise.
I am sure RBA will do a token rise or two so they have something to cut later on. IMO the punters who have bet big on 1.5% rate rises over the next year are dreaming. I hope I am wrong.
ASX 30 Day Interbank Cash Rate Futures Implied Yield Curve
You are not wrong.
Motherfuckers.
https://www.news.com.au/lifestyle/health/health-problems/pfizer-seeks-us-approval-to-vaccinate-children-under-5-years-old/news-story/0db313f508ff524a9ebf9870fbadedcc
Biggest MoFo’s are those that gave their children for trial and testing phase, followed by those that will actually jabbadabba their under 5 kids with a treatment that has less effects than D Lewdo Smith on public opinion against an ailment that is so invisible that parents are unable to know kids are infected.
Lunacy will continue and no one will be held accountable. Particularly not in the jabbadabbastan. The only judgement and conviction that may come is the one at the crossroads of afterlife. If.
And these parents are proud as punch offering their children up as sacrifices to this experimentation. All under the mistaken belief that they will protect grandpa and grandma. We are watching potential infanticide and the majority are completely unaware.
I would fully support reintroducing capital punishment to deal with the people who caused this.
Yeah I am getting to the point where I think fcuk them, let the place burn to the ground and if people want to kill their kids then so be it, but if they come for my kid then there will be issues
If the unvaccinated are being held responsible for any bad outcomes, then so should the vaccinated.
Some of these people are so twisted that they will blame the unvaccinated for the damage they will have done to their own children.
Here is an opinion piece in the West today. This person is a complete creep. I wonder if it is Ben O’Shea writing under a pseudonym.
By McGowan’s own admission two vaccines only give 4% protection.
I know but some of these people are so invested in this that they think 4% is good enough.
They justify it to themselves even when they get the disease that it would have been worse if they weren’t vaccinated. No proof is needed. Based on pure faith.
The amount of chumps who’ve gone full retard is astonishing.
Bring back punches to the face. Go the biff.
https://www.news.com.au/technology/science/human-body/unlucky-young-woman-gets-covid-twice-in-one-month/news-story/5bebe89fee090dcbc4e1105053709b98
having jabbadabba causes people to have C19 twice in a row, within weeks!
Malone makes some good points:
https://twitter.com/Taka_tut/status/1489312471173185541
The plus side could be the complete eradication of all progressive genes from humanity.
I think the US make 4 rate hikes this year and that will be enough to tame inflation which is only 6% despite all that has happened in the past two years.
If anything we get deflation over the next 12 months maybe 0% inflation.
DLS predicted deflation last year and got it all wrong got massive inflation.
Anyone know his 2022 prediction.
I must admit that he’s been consistent.
It is easier being wrong than right but his views have a huge benefit where choices are binary.
Hes still predicting deflation this year so you might want to adjust your position
fknkl getting sprayed
https://twitter.com/anthonypesec/status/1488690707309031426
Chris Joye predicting house prices will rise a little further and then could fall as much as 33% if rates rise by 1% without strong wage growth.
Interest rates Australia: the future of house prices is in the RBA’s hands (afr.com)
Stevie is a homo