It would be absolute folly indeed for the RBA to reduce rates BEFORE any sign that productivity is increasing and the economy is recovering. Rates have been too low for far too long...
RBA ARE NOT STUPID! Employment level has not strengthened. Labor is fudging the figures. Employers are creating new jobs but one person is multi-tasking doing more than one job whilst paying one salary. This is not what Labor is telling you.
Interest rates at the 40 year average , very low unemployment . inflation still above 3% . Why would the RBA even contemplate dropping interest rates ?
Won't make a difference - immigration is up, new dwelling construction down and people are still employed and spending money. Any change in fiscal policy will have at least a 6-12 month lag.
The only sector that really benefits from high interest rates is..? The financial/banking industry ! With many families stuck in this mess and now relying heavily on credit. Banks are really raking it in, on fees & 21%+ interest, during, what's effectively a recession, and producing record breaking profits... Are we really meant to rely on these financial gurus, including the RBA. Especially as most come from or are on their way to, one of the same 'big' financial institution... They are all stealing from the good people of Australia. Shame on them.
Can’t really blame this peanut the other peanut closed the country for 2 years and printed millions & millions of dollars and fake prompt the economy to historic low interest rates
HIGH interest rates? Try 17.5% on a mortgage and 27% on a credit card on half the wage you get. THEN you just MIGHT know what a high cost of living is. But yeah you can thank Labor for the current mess and inflation.
@ I also remember the Mortgage rates back in the Keating government, but average housing in Sydney and Melbourne didn’t cost millions of dollars back in the 90’s.
@@beautifulbanknotesyes and you didn't have stagnant wages, cost of living was good and we had plenty of manufacturing in this country. You could buy a decent home for under $100 000, well in Ipswich you could at the time. We didn't have massive immigration problems that were leading to vast amounts of homelessness and we sure never had inflation at this level.
How many of those jobs are dependent on governments’ tax-and-spend? How many are truly productive jobs? What happened to labour productivity, the great determinant of inflation?
Well Albanese just announced $44 million on a "Help Line" so you can ring up if your "Suffering economically" so some one can tell you NOT to spend so much money. ... He should ring it himself.
Vote the snakes out Albo, chambers and the rest of the state flops. All we have is union strikes every week it’s a joke. Let’s make Australia great again
Look at the price of the Aussie dollar. Almost Everything we consume is imported, the cost of imported goods is more of an inflation driver than anything else. We need to hold the rates high to get the dollar back up.
This is no surprise to the average punter who has half an idea of the markets. What is surprising is that the economists, the paid professionals still thought this was on the cards like Gareth Aird from the CBA who has consitently forecasted rate cuts at every next rba meeting for 1.5 years. There you go, a name behind the incompetence people.
@@diylifeofficial Just Live 60 years and you'll see the patterns, by which time it's too late to take advantage. The other thing you learn is that all politicians lie all the time.
Hardly surprising given productivity has dropped 5% since the ALP took over and given weighted mean and median CPI are stubbornly stuck at 3.5% and 3.8% respectively contributing to a record high CPI of 139.1 points. Keep in mind rent inflation is an astounding 6% and our export prices are in negative territory - all contributing to a lowered AUD which in turn increases the price of imports. Bad governments deliver bad outcomes.
Funny how all this positivity doesn't translate into better living standards. Incomes have doubled in the last 20+ years yet everything else has quadrupled with 3 million Australians at risk of being homeless. With almost half the population living from pay to pay, inflation is not coming from consumer spending. Since 2008 Australia has been running under banana economics and it has to change.
The economist is full of shit. The unemployment data counts for anyone working one hour or more. If you really look at the data and filter out the 1 hour of work the data would be a lot higher.
The last RBA rate decision her speech stated quote " Inflation since Albo is now permanently locked into our economy " I would think raising or lowering interest rates are going to shift that inflation down any time soon . Vote Albo out he is destroying this country .
If Australia Government and RBA are serious to fight with the level of inflation today the interest rate should be at least above 15% not the actual 4.3% You don't even tickle the inflation with this rate.
Much stronger? Wasn't it 55k versus $15k expected, which is over 3 times. This excess fiscal spending and public jobs boom into inflation is juts ludicrous. How can they even speculate on rates going down, let alone cut, with unemployment at 4% and the preferred trimmed inflation over 3%.
So the unemployment rate goes up but the number of jobs created and participation rate goes up too. Unemployment rate is based on permanent residents and citizens who are employed and unemployed. Which leaves me to conclude majority if the employment from jobs created are drawn out of the non permanent non citizen migrant pool leaving more Australian citizens and permanent residents unemployed. In addition to inflation and infrastructure, health and housing pressures another negative impact of uncontrolled migration is therefore loss of job opportunities of Australians and permanent migrants and lower wages from the excess labour supply Thank you labor!
Surely the participation rate fullness has to do with the nature of present immigration. Not families, but young working age individuals, whose participation must be close to 100%.
If the government allocates funds to a hypothetical tunnel from Melbourne to Sydney.... they would sprout that it will create 2000 new jobs... what they fail to say..... these jobs are filled by construction workers that are finishing up from the last government created jobs.... not creating jobs... just creating extra work.... hence why new jobs created but unemployment stagnant
Australia’s personal and govt debt levels can only be fixed by massive inflation in wages and price of goods and services as a result IR to remain high for a long time
Yeah we've heard that before. It depends on just how much pressure Albanese can put on the RBA. Remember he sacked the previous CEO and put Michele Bullock in hoping she would "do as she's told", hasn't worked for Labor so far but hey an election is only months away. BUT it won't matter if the RBA cut's rates to "Net Zero" Albanese' OUT.
@Prognosis__ Absolutely... A few neighbours are planing a rave party and I thought well if Susan Ley can get taxpayer funded flights to the gold coast to buy investment properties she may be able to help the neighbours with a lift to Tom Duttons to purchase his birthday treats...🤪 😆😆😆.... apparently it's a dress up party sprog, toupees a plenty so if you want to come as a 70s leftover..?
Who can survive on casual and part-time time employment? Kids of employment age (15-18) are struggling to get summer holiday jobs and are relying on parents and caregivers. Adults are struggling to get full-time employment that is adequate to live needing part-time and casual jobs to survive. Time to sort out the employment debacle so people can afford to live before spruiking crap about percentages and unemployment figures.
Let’s be honest it’s not going to happen for a while. As a millennial I earn more now that I ever gave but feel poorer than ever and far behind were my parents were at my age.
Inflation Cycle; 1. Prices increase. (Main reason is government Tax and Levy increases indexed every 6 months EG: Fuel Excise.) 2. Businesses need to maintain profit margins so increase prices. 3. Consumers faced with increase living costs press for wage increases. 4. Businesses have to increase wages and another round of price increases happens (this is when "Inflation" becomes a news item) 5. Businesses look at other ways to save money, they can't not pay overheads & Government charges so only easiest and sometimes only option is sack stalf. 6. Unemployment peaks. Prices stabilise. 7. Goto line 1 Anything the government does is just fiddling around the edges. They NEVER look at the real cause which is their ever increasing need for MORE MONEY to pork barrel with. Why are 99% of Government collections a % of income/Purchase, this means their income keeps increasing with price/wage/population increases. BUT all their hand outs are fixed $ amounts, EG: $350 Electricity rebate, Child Care rebate, Pensions EVERYTHING Fixed $ almost never automatically increasing and never as a % Work the rest out for yourselves.
Going by sky's record of predictions it looks like there is going to be a rate cut next month. Bett start working out how you can spin that as bad guys.
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns..
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure.. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Driving Uber few hrs per week is NOT A JOB but counted as employed. Or doing chores for you grand parents.... Lower A$ will put preasure on imported prices. 🦘
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
I'm not surprised. It's been a couple of years of interest rate gaslighting. Don't expect them to come down anytime soon.
good
people will never learn, vote labour, Destroy the economy
@@joelnorthcott108 worry not. Liberal wage stagnation will ensure interest rates will be back below 2% within five years.
@@TruthWarrior1hope so 👍
EXACTLY!!!
All the stats indicate the need of rate RISES!!
It would be absolute folly indeed for the RBA to reduce rates BEFORE any sign that productivity is increasing and the economy is recovering. Rates have been too low for far too long...
Do believe everything the news and your loving govt tell you?
RBA ARE NOT STUPID! Employment level has not strengthened. Labor is fudging the figures. Employers are creating new jobs but one person is multi-tasking doing more than one job whilst paying one salary. This is not what Labor is telling you.
Off with the fairies.
Jobs are going up because people are taking 2nd and 3rd part time jobs to survive
@@circusserpent9466 just nonsense.
I think it's more likely the RBA is corrupt
@ApexAL are you going to drain the RBA?
Interest rates at the 40 year average , very low unemployment . inflation still above 3% . Why would the RBA even contemplate dropping interest rates ?
It's because people need more than one job to survive.
Good that way Labor can be voted out!!!
Albotosser gone 🍌💯🤳
@@KellyLithgow-t3i Yipppeeeeeeeeeeeee. I hope it's a Landslide !
@@tilkanash 👏👏👏
Won't make a difference - immigration is up, new dwelling construction down and people are still employed and spending money. Any change in fiscal policy will have at least a 6-12 month lag.
You like paying more for your mortgage lmao
Lots of casual and part time crap
The only sector that really benefits from high interest rates is..?
The financial/banking industry !
With many families stuck in this mess and now relying heavily on credit. Banks are really raking it in, on fees & 21%+ interest, during, what's effectively a recession, and producing record breaking profits... Are we really meant to rely on these financial gurus, including the RBA. Especially as most come from or are on their way to, one of the same 'big' financial institution... They are all stealing from the good people of Australia. Shame on them.
When over 1 million new migrants come to Australia in 2 years, they don't eat ? The next rate is going up.
Thank you Albanese, for high cost of living and high interest rates !!
The interest rates are a private decision.. that's the whole problem
Can’t really blame this peanut the other peanut closed the country for 2 years and printed millions & millions of dollars and fake prompt the economy to historic low interest rates
HIGH interest rates? Try 17.5% on a mortgage and 27% on a credit card on half the wage you get. THEN you just MIGHT know what a high cost of living is.
But yeah you can thank Labor for the current mess and inflation.
@ I also remember the Mortgage rates back in the Keating government, but average housing in Sydney and Melbourne didn’t cost millions of dollars back in the 90’s.
@@beautifulbanknotesyes and you didn't have stagnant wages, cost of living was good and we had plenty of manufacturing in this country. You could buy a decent home for under $100 000, well in Ipswich you could at the time. We didn't have massive immigration problems that were leading to vast amounts of homelessness and we sure never had inflation at this level.
Immigration soon be sorted ,Go Trump 🎉🎉🎉
Labor thinks creating jobs is hire more to do nothing in government and give them a pay rise so they vote for them
Shorten thinks that the 500,000 jobs funded by the NDIS is fantastic .
People are delusional, wanting to lower interest rates when unemployment is 4% and inflation is still high.
They should at least 2 percent higher than they are at the moment. Not lower
Please dont, borrowers need to learn.
I'll be happy to see them increase the rate again
You all wanted too hide with your hands out ? 🤲🫣
Bad news for sleazy and grim Jim
With Labor stuffing things up and throwing money around like confetti….good idea 👍👍👏👏
They will do as told by blackrock/wef
Spot on
what is blackrock?
@@origonal2222 The most evil bastard company out there, creator of the woke ESG movement.
Cut too soon and cop a larger increase later.
How many of those jobs are dependent on governments’ tax-and-spend?
How many are truly productive jobs?
What happened to labour productivity, the great determinant of inflation?
" Productive jobs " ? Labor think that the 500,000 jobs funded by the NDIS is fantastic .
A lot of jobs created, would they happen to be government jobs by any chance, more government spending!
Well Albanese just announced $44 million on a "Help Line" so you can ring up if your "Suffering economically" so some one can tell you NOT to spend so much money. ... He should ring it himself.
Vote the snakes out Albo, chambers and the rest of the state flops. All we have is union strikes every week it’s a joke. Let’s make Australia great again
Go to the USA then, love aus or leave it.
Look at the price of the Aussie dollar. Almost Everything we consume is imported, the cost of imported goods is more of an inflation driver than anything else. We need to hold the rates high to get the dollar back up.
With how this government is spending government funds, its pointless lol
This is no surprise to the average punter who has half an idea of the markets. What is surprising is that the economists, the paid professionals still thought this was on the cards like Gareth Aird from the CBA who has consitently forecasted rate cuts at every next rba meeting for 1.5 years. There you go, a name behind the incompetence people.
Id love to learn to read the "markets" Or is there a YT channel that does this precisely?
@@diylifeofficial Just Live 60 years and you'll see the patterns, by which time it's too late to take advantage.
The other thing you learn is that all politicians lie all the time.
They say this so that they can pay depositors less .
"we want australians to loose their jobs before we cut rates"
This is whats wrong with this country.....
House prices are criminal
They are exciting. Hopefully they double again
@Itsokay.nottobeokaaaay wait until they start climbing through your windows at night
Snake Chalmers Fairytale Surplus while the Debt keeps on growing 🤣🤣
Hardly surprising given productivity has dropped 5% since the ALP took over and given weighted mean and median CPI are stubbornly stuck at 3.5% and 3.8% respectively contributing to a record high CPI of 139.1 points. Keep in mind rent inflation is an astounding 6% and our export prices are in negative territory - all contributing to a lowered AUD which in turn increases the price of imports. Bad governments deliver bad outcomes.
Government hiring is not actual employment, make real jobs again and scrap this NDIS BS!
Funny how all this positivity doesn't translate into better living standards.
Incomes have doubled in the last 20+ years yet everything else has quadrupled with 3 million Australians at risk of being homeless.
With almost half the population living from pay to pay, inflation is not coming from consumer spending.
Since 2008 Australia has been running under banana economics and it has to change.
Yeah right strong job numbers. Where? In the public sector. Joke economy
ndis
People having to get another job to pay their rent
The economist is full of shit. The unemployment data counts for anyone working one hour or more. If you really look at the data and filter out the 1 hour of work the data would be a lot higher.
No rate cuts this year..Stand by Damn the bankrupt man
Rightly so.
Should be raising them.
The housing industry is in overdrive falsely claiming rental growth is no longer happening to try get a rate cut
The last RBA rate decision her speech stated quote " Inflation since Albo is now permanently locked into our economy " I would think raising or lowering interest rates are going to shift that inflation down any time soon . Vote Albo out he is destroying this country .
Weren’t they supposed to drop last year? Where’s all these “apparent “ experts? 😕🤦♂️😔
Yet food prices keep going up..raise interest rates and raise the gst and cut inflation now
I'm only for raising the gate if income tax gets abolished to make it a user pays system.
Voter’s get really fed hearing the same rubbish over & over! Labor’s has to GO!*** NOW!
Should we thank immigration for helping keep our house prices well above the $1m mark?
How can the RBA cut rates?? Why even bother, if that be so?!
The elites never will care unless it effects them directly.
hey dominicpelle... looks like you'll be lucky to get your rate cut by next christmas, let alone last christmas like you said!!!
🤣🤣🤣
😂😂
If Australia Government and RBA are serious to fight with the level of inflation today the interest rate should be at least above 15% not the actual 4.3% You don't even tickle the inflation with this rate.
Much stronger? Wasn't it 55k versus $15k expected, which is over 3 times. This excess fiscal spending and public jobs boom into inflation is juts ludicrous. How can they even speculate on rates going down, let alone cut, with unemployment at 4% and the preferred trimmed inflation over 3%.
Why cut interest rates where government giving platform to banks to rip of people??
Can't both lower rates & inflation. Take a pick.
I hope they don't cut. I'm getting a great interest rate in the bank.
Not all jobs are the same. Getting the ass from full time work, then driving an ubers for 2 hrs a day is not the same....
So the unemployment rate goes up but the number of jobs created and participation rate goes up too. Unemployment rate is based on permanent residents and citizens who are employed and unemployed. Which leaves me to conclude majority if the employment from jobs created are drawn out of the non permanent non citizen migrant pool leaving more Australian citizens and permanent residents unemployed.
In addition to inflation and infrastructure, health and housing pressures another negative impact of uncontrolled migration is therefore loss of job opportunities of Australians and permanent migrants and lower wages from the excess labour supply
Thank you labor!
As someone with no home/mortgage, I prefer the interest rates to stay longer so my savings can get some interest.
The dollar plummeted and our interest rate is still way too high.
People complain regardless the interest rate goes down or stay same. Theese people are never happy
1.3 million new cars sold in 2024 in Australia
There not even thinking about dropping rates til mid year at the earliest
native population is being screwed in terms of unemployment
They’ve lied for 2 years
Surely the participation rate fullness has to do with the nature of present immigration. Not families, but young working age individuals, whose participation must be close to 100%.
If the government allocates funds to a hypothetical tunnel from Melbourne to Sydney.... they would sprout that it will create 2000 new jobs...
what they fail to say..... these jobs are filled by construction workers that are finishing up from the last government created jobs....
not creating jobs... just creating extra work.... hence why new jobs created but unemployment stagnant
Australia’s personal and govt debt levels can only be fixed by massive inflation in wages and price of goods and services as a result IR to remain high for a long time
Yeah we've heard that before.
It depends on just how much pressure Albanese can put on the RBA.
Remember he sacked the previous CEO and put Michele Bullock in hoping she would "do as she's told", hasn't worked for Labor so far but hey an election is only months away.
BUT it won't matter if the RBA cut's rates to "Net Zero" Albanese' OUT.
Off course just more bs.
Corporate profits over people
On the other hand it’s free 💰💰 for them why would you lower rates?
You'll struggle to cut interests rates whilever the LNPs travel rort queens fraudulent taxpayer funded travel expenses are ignored....
Where's Susan..?
Suddenly Susan 😂
Are you missing her Lucy?
@Prognosis__
Absolutely...
A few neighbours are planing a rave party and I thought well if Susan Ley can get taxpayer funded flights to the gold coast to buy investment properties she may be able to help the neighbours with a lift to Tom Duttons to purchase his birthday treats...🤪
😆😆😆.... apparently it's a dress up party sprog, toupees a plenty so if you want to come as a 70s leftover..?
Thats good. Interest rate cuts are bad. Losers shouldnt borrow so much.
I thought you were more infatuated with Tom and Alan Dunnyboy?
Why would you cut the interest rates
Should stay at 5% and not move either way
Who can survive on casual and part-time time employment?
Kids of employment age (15-18) are struggling to get summer holiday jobs and are relying on parents and caregivers.
Adults are struggling to get full-time employment that is adequate to live needing part-time and casual jobs to survive.
Time to sort out the employment debacle so people can afford to live before spruiking crap about percentages and unemployment figures.
“Full employment” all in government funded/subsidized industries. Let’s see how realistically sustainable this Ponzi actually is 😉😏
Why cut rate when big banks can make more money?
They have it to good collecting $$$$$$$ why would they.
If anything, expect rates to go up with a big inflation comeback in 2025.
Let’s be honest it’s not going to happen for a while. As a millennial I earn more now that I ever gave but feel poorer than ever and far behind were my parents were at my age.
Inflation Cycle;
1. Prices increase. (Main reason is government Tax and Levy increases indexed every 6 months EG: Fuel Excise.)
2. Businesses need to maintain profit margins so increase prices.
3. Consumers faced with increase living costs press for wage increases.
4. Businesses have to increase wages and another round of price increases happens (this is when "Inflation" becomes a news item)
5. Businesses look at other ways to save money, they can't not pay overheads & Government charges so only easiest and sometimes only option is sack stalf.
6. Unemployment peaks. Prices stabilise.
7. Goto line 1
Anything the government does is just fiddling around the edges. They NEVER look at the real cause which is their ever increasing need for MORE MONEY to pork barrel with.
Why are 99% of Government collections a % of income/Purchase, this means their income keeps increasing with price/wage/population increases.
BUT all their hand outs are fixed $ amounts, EG: $350 Electricity rebate, Child Care rebate, Pensions EVERYTHING Fixed $ almost never automatically increasing and never as a %
Work the rest out for yourselves.
The RBA does what it's told by the big 4
Everystein Singleberg Timeowitz.
Going by sky's record of predictions it looks like there is going to be a rate cut next month.
Bett start working out how you can spin that as bad guys.
High interest is world matter , not only in Australia, blaming Albo is not so convincing
I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks or Crypto will be appreciated
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns..
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure.. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally.. What's your take on this approach? and How can i reach her, if you don't mind me asking?
Brilliance....my day will shine now...
Just like my ex, the RBA is keeping interest rates low...real low. 🤣 #FriendzoneByR
Vote for Pauline Hanson…. STOP ALL THE BS !
Driving Uber few hrs per week is NOT A JOB but counted as employed. Or doing chores for you grand parents....
Lower A$ will put preasure on imported prices.
🦘