Share on Facebook Share on Twitter Share on Reddit + - Aussie inflation pulls a donut By Houses and Holes in Australian Economyat 11:32 am on April 24, 2019 | 16 comments What else do you expect with a lunatic RBA: Not even very energy related. But very housing and consumer related. Aussie dollar hammered. Bonds boom. RBA cuts upon us. And just for laughs: Good one Martin: Share on Facebook Share on Twitter Share on Reddit + - YOU MAY ALSO BE INTERESTED INABS employment in detail: Turning pointAs summarised earlier, the Australian Bureau ofBlundell-Wignall: Houses and holes won't save usFrom University of Sydney adjunct professorAussie jobs market stalls in JuneThe ABS is out with June Labor Force and the newsWelcome to SlavestraliaAt Domain: Staff at a restaurant in Chinatown Comments GunnamattaMEMBER April 24, 2019 at 11:35 am RBA! RBA! Someone call the RBA! That patient they triaged over the ideology line as just needing a panadol and some rest, is lying on the couch with a weak pulse and looking a little grey in the face mdseeMEMBER April 24, 2019 at 11:36 am When it falls 25c, instead of 0.25c I’ll get excited. With everything going wrong domestically (except mass immigration) and the blip up from China stimulus evaporating soon enough, how long before our iron ore, coal and LNG exports get smashed? 3 x 18 months? nyleta April 24, 2019 at 11:52 am Yes, is it stimulus or is it scrambling for footing in the darkness ? https://www.alhambrapartners.com/2019/04/22/the-eurodollar-unfortunately-is-what-is-rebalancing-chinas-services-economy/ Overseas experience in the GFC showed that when house prices drop in half rents drop by a third………that will make a mark on the inflation figures. darklydrawlMEMBER April 24, 2019 at 12:12 pm Can’t speak for the other commodities, but IO is only strong in Oz due to Vales OH&S crisis. That will be resolved in time and production restarted. mdseeMEMBER April 24, 2019 at 12:19 pm More steel scrap in China every day taking away IO demand over time, and they can’t keep building apartments for no one. US LNG exports to China are going to put a major dent in our exports and prices. Thermal coal is doomed, but that’ll take too much time to fade to grey. nexus789MEMBER April 24, 2019 at 12:15 pm Mass immigration is going wrong as it is building up issues. It seems that people are slowly waking up to this. mdseeMEMBER April 24, 2019 at 12:20 pm Not according to our SJW friends at the ABC whose latest polling shows us divided into thirds – No More, Lots More and About Right, leaving us at Goldilocks. Only problem is Labor will open the gates wide and build more open gates Kensz0MEMBER April 24, 2019 at 11:52 am I feel like we have been watching a train wreck in super slow-mo, however we are only at the start of the clip. Today’s CPI print is the equivalent of the train driver’s face finally registering something is going wrong. nexus789MEMBER April 24, 2019 at 12:18 pm Bit like this… https://www.youtube.com/watch?v=j9_g1NuoT6s JulesG April 24, 2019 at 12:42 pm The bubble bath has gone cold The plug has been pulled We are circling the drain Waiting, for the inexorable plunge Jumping jack flash April 24, 2019 at 12:36 pm Nonproductive debt sucking on the economy like a zombie on someone’s head. There can be no inflation except through labour substitution from more casualisation and imported slaves. There is an obvious solution to the debt problem however it requires a government who actually has a clue, some working knowledge about the areas they’re meant to be in charge of, and a government who actually cares about the country and the people they represent. These days we get a government full of people that don’t know or care about anything except themselves, work minimisation, salary maximisation, and their “life after politics”. FiftiesFibroShack April 24, 2019 at 12:59 pm Wages growth higher than inflation seems good to me. The BurbWatcherMEMBER April 24, 2019 at 2:13 pm Not if lowflation means that unemployment is about to increase… DivyaMEMBER April 24, 2019 at 5:05 pm I don’t know. If RBA is a real loon, it will stick to the rhetoric from last month that it will see through the inflation figures and focus on the employment figures. It feels like they have been prepping the market for this exact thing and still avoiding to cut. GramusMEMBER April 24, 2019 at 9:07 pm Might hold for a month or two but with construction jobs coming to an end it won’t be long.. whale April 25, 2019 at 1:05 pm Inflation of 1% or more is still inflation, logically there is no reason to cut at all. As a consumer I don’t want any inflation; there has been no economic proof why an inflation of 2-3% is better for long-term development than 1% or even 0%. It only benefits asset holders and people in big debt (for those asset-purchasers) – not the common man. Just the ones who are stoking the ponzi-scheme of Fiat Money.