Terrifying prediction for mortgage payers
Inflation is caused by too much money chasing too few goods – when people can borrow freely the amount of money chasing those goods goes up and companies can raise prices.When we talk about inflation, we always have to talk about interest rates. The two go together. The RBA watches inflation and tries to control it by changing interest rates. When they raise rates, that means they are trying to push inflation down by making it more expensive to borrow money.
But all the spending caused by low interest rates can also lead to inflation. And interest rate rises tend to follow hot on the heels of inflation
Praise jebus the US has these Swiss watch Biden admin ideas for helping with inflation -Support runaway spending -Ensure the nation is no longer energy independent -Promise to substantially raise taxes
FBI
abcnews 7NewsSydney 9NewsSyd QandA Is the 1970s when interest rates hit 17% about to happen again as the US becomes a favourable market due to their rates rising way above Australia's & we get a money & investment drain.
Thanks for the daily dose of Doom👍
In 3 years the housing bubble will burst and I can't wait.
Greed and negative gearing 😎