Morning,
Markets were down, dip buyers not as strong as they were.
Warren Hogan, who was ranked 2023's most accurate forecaster (after Fish of course Lol) now say interest rates to go up to 5.1%.
5.1% seems low to me considering what Australians have voted for, as always, time will tell.
Javier Milei gets it if you want to know what causes inflation.........In the 60's and 70's there was also high taxing, high regulating, big spending governments.
" "
If the state does not spend more than it collects and does not issue (money), there is no inflation. This is not magic, "
https://finance.yahoo.com/news/milei-announces-argentinas-first-budget-155110814.html
BHP to gobble up Anglo?
US GDP much slower than our moron economists expected, inflation also higher than our moron economists expected too, this is because they went to places like Sydney Uni and Monash instead of The Austrian school of economics which teach sensible economics.
Australians smashed by Labors biggest average tax increases in the developed world! Up 7.6% ... Ouch. This is on top of massive rising inflation due to government policy of spending and borrowing way too much, oodles too much, obscene amounts...
disallowed/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
If that link has a paywall then use the one below and scroll down a bit to find it...
https://www.brisbanetimes.com.au/na...nd-extra-12b-for-schools-20240426-p5fmps.html
Can't see the market being much good toady with the wall street lead and it being a Friday after a public holiday but i guess you never know...
Bit of cloud here, bit of blue skies and sunshine too, 19.5C currently.
