Australian insolvencies hit record highs. Australian mortgage & credit card arrears are peaking. CPI rises. Don't expect RBA rate cuts. Keep calm-keep investing in quality mega caps, like Nvidia
Australian insolvencies hit record highs. Australian mortgage arrears and credit card arrears are peaking - with Australian banks bad and doubtful debts at three-year highs. SO DO NOT EXPECT RBA RATE HIKES. Look at the charts!
The Average Australian and Australian business is on struggle street. Consumer spending is weak and consumer sentiment has been in the doldrums for more than two years. And now we have data saying Aussie inflation picked up to 3.6% YoY growth.
But...for goodness sake, don't expect the RBA to hike interest rates...just so you can see property prices pull back, and buy a property. FAT CHANCE. You should consider investing in financial markets to get ahead. But the Australian education system didn't teach us that. Did they? That's okay. We will, and do. :)
So to help you get ahead, keep calm, carry on and keep investing. You can earn a side income, as I do from investing. It seems a trodden path to get ahead. Oh and in case you have been sleeping under a rock, you don't have to be a millionaire, to get ahead. You can invest in fractional shares, with as little as $5. Invest as early and as often as you can, in quality, profitable companies. Just look at Nvidia $NVIDIA (NVDA.US)$ fly!
That's a great example. As we have been writing, and featured in ABC News and Ausbiz over the last two weeks, I believe investors can get ahead and fast-track their wealth creation by investing in future tech, such as in AI and tech, and all related fields, such as power generation and commodities, which are essential in the fourth digital revolution, that has only just begun (as Nvidia's $NVIDIA (NVDA.US)$ CEO said himself). And as such, AI, Tech, new-generation energy and commodities.
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151453268 witso : It is incredibly sad, this is the path of economics we have been led down, borderline entrapment caused by these short sighted goverments and departments including the Rba who have slept at the ship’s wheel for at least a decade and couldnt manage a shot across the bow of the pirate ship called inflation whilst they sat there not a economist in sight drinking their large $10 latte sack the whole crew and start again i say.
羊圈圈 : The question is, is the US cutting interest rates? Does the RBA have the power to decide?
152445605 羊圈圈 : Hi
151453268 witso : Hi there Jess, your latest post on container rates and related market research trends gives me some assurance my small diversified stock picks may have a future, so far so good, see what happens long and short perspective.