“I think Sydney, and Australia in general, is one of the most expensive places to live and I
think a lot of people are dealing with a lot of consumer debt,” he told Sky News host Sharri Markson.
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Cost of living in Australia is ‘incredibly high’: Robert HerjavecUS Shark Tank investor Robert Herjavec thinks Australia is an incredible place to live, but the minimum wage and cost of living are “incredibly high”. He said interest rates in Australia are not that high compared to the rest of the world. “I think for the average consumer, when interest rates keep going up, it’s going to be very, very challenging,” Mr Herjavec told Sky News host Sharri Markson. A man worth 200 million says minimum wage is too high. Compared to where? The US? And how are things going there at the moment? Cost of living is how the rich rob from the poor. King John stuff...
Source: SkyNewsAust - 🏆 7. / 78 Read more »
ASX to drop as hot US inflation ignites recession fearsAustralian shares are set for a weak open on Monday after US inflation data came in hotter than expected, intensifying concerns that the Federal Reserve will need to keep lifting interest rates which could tip the world’s largest economy into recession.
Source: FinancialReview - 🏆 2. / 90 Read more »
US markets warned interest rates to rise ‘faster than expected’Fears are growing the US Federal Reserve will increase interest rates faster than expected after the core PCE inflation rose 0.6 per cent for the month of January, according to The Switzer Report Founder Peter Switzer. “This week will be a real big test with the data drop that comes following that PCE number,” Mr Switzer told Sky News Australia. He said the market would have “cheered” a lower figure such as 0.4 or 0.3 per cent. In other words they want to bring the economy down sooner. Wait til to see the Australian inflation figures. Chalmers will have go after he has repeatedly said “inflation is over”. U cannot let in 2-6m people into USA over 2 yrs & expect spending to stop! Lets start going back to old banking practices with a fixed interest rate of 7%? On all loans! Maybe that would reduce purchase prices - we can’t afford it so we don’t buy & o’s people not allowed to buy!
Source: SkyNewsAust - 🏆 7. / 78 Read more »