Markets in 'absolute shock' over inflation numbers
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- čas přidán 25. 06. 2024
- Shadow Treasurer Angus Taylor says the markets are in “absolute shock” over the recent inflation numbers.
Australia’s inflation rate rose from 3.6 per cent to 4 per cent in May.
Markets are now predicting a 67 per cent chance of a rate hike in August.
“We have seen since that inflation announcement comes out, the markets and many leading economists say we’re looking down the barrel now of 12 months without an interest rate cut and a real prospect of higher interest rates,” Mr Taylor told Sky News Australia.
“The markets … are in absolute shock on this number.
“It could be spun by some however they like it, but you can’t spin this one.”
We have been playing funky economic games for long enough. Reaching forward in time and pulling the wealth out of future generations.
Now hospitals are struggling to pay the power bills.
What's driving it? 1.3 million immigrants imported in the last 12 months creating demand for low a supply of goods and services and housing.
It's the trillion-dollar splurge on renewables that is fueling inflation more than anything else.
Sorry when did we spend a trillion dollars on renewables? 😂🤣 Were still paying back the 840 billion that the liberals spent on nothing 😂🤣
More than that. Banks are funding hedges, who are funding fake synthetic shares. Market cannot sustain this corruption forever.
Profligate Labour never learns, and blames everyone else😂😂😂😂😂😂😂😂😂
Correction: $9 trillion dollar splurge on the CCP, Woke Billionaires and Malcolm Turnball.
Every democracy has the government they deserve
Markets in 'absolute shock' over inflation numbers.......stand up comedy at its best
lol what caused Inflation . Just look at the housing prices. It mean higher rents . What dose people do get pay rise . Albo and friend 3 Pay rise , Nurse 30 % payrise . tradies 25 % pay rise . Where is the money coming ? All this dose is making every bussiness put up their prices. It's like you don't have any money so you keep printing more money without an increase in supplies. Its just making the prices for everything bigger
Yep and no innovation from the big corporations to keep the economy chugging
What was Assange guilty of? 😅😅😅
Espionage.
A one term Govt. Out for 20 years.
Thank Christ! We need more of it! Interest rates have to return to normal.
Naturally he pleaded guilty to espionage or he would be held in detention ( solitary confinement) forever and our own High Court has just ruled that is illegal.
Shock?? Inflation always rises under labor.
Inflation rises when it does world wide, on the back of a pandemic, when there's international conflicts and when the coalition were in power for the majority of the past two decades. When you screw a country, takes more them a term or two to repair it
The government need to clean out the public service
Up up up we go!
When I was looking for two bedroom townhome in Brisbane two months ago, sold price was around above $700,000. Now the sold price is above $800,000. How can people afford?
Aussie's can't. Rich Chinese can.
Labour is the main sourse of inflation .
Just look at the 3 pay rises they gave themselves😊😊
Huge insult to the workers off this country.
Rubish
Also, the 45% pay rise ($709,000) Albo just gave to his new Governor-General. You just have to laugh at this point as it's beyond the point now of even taking the piss.
If you're in shock
Youre not paying attention
If you do the opposite of the RBA you'll be okay
Labor Party is to busy being woke
😂 comrades, US dog will be...😂😂
We are the only G10 nation where inflation has increased in past 6 months.
Because we have high energy prices and and have to buy back our own gas at a higher price
Angus Taylor pretends that he cares about the inflation data… Another poly that has no idea..
Inflation rates rise so do not throw pearls to swines lest they wage war against lamb shall be accompanied by those called chosen and faithful few