Reply to thread

According to one of the many economics journos,   todays reduction in the unemployment rate means we are more than likely to get another rate rise before Christmas, though the size of it is not stated,

From The Evil Murdoch press

With employment still growing, and the hours worked by those in employment still going up, it is hard to see where the expected slowdown from previous  rate hikes is going to come from.

The Policies of the RBA actively encouraged a massive housing bubble, and it is possible that the housing bubble may be pricked without reducing inflation, though even that may be overcome by events.

There is still a lot of money floating around the system, with pretty much every arm of government running expanded deficits, and   a couple of state and fed governments handing out stimmy checks to people as election ploys to buy votes,  its pretty hard to  see where the contraction is going to come from.

Albo has promised another 10,000 homes for those who don't have them, so  that will put a little more pressure on the lack of timber, steel, bathroom goods, furnishings and carpets as they compete with all the  thousands of households devastated by flood waters. 

Many people devastated by fires two years ago are still waiting to rebuild because of shortages of everything from sensible local councils to tradies.

Mick