abc.net.au/news/reserve-bank-cash-rate-economic-challenges-change-and-pain/101399498The financial markets, for one, are betting on a better-than-even chance the Reserve Bank will again raise its cash rate by another 0.5 percentage points on Tuesday as it — and other central banks — wrestles with the worst inflation outbreak in decades.
The way we mine, process and distribute natural resources to power the nation needs a complete re-think, which federal and state energy ministers are working on. Real wages are back to 2021 levels and set to keep falling. Figures from June 2022 based on latest Reserve Bank estimates. The benchmark ASX200 index fell into a technical "correction" because central banks had little choice but to raise interest rates from record lows to prevent runaway inflation.
"While the recent Australian earnings report season wasn't too bad and the US quarterly earnings were better than feared, equity markets are forward looking and earnings forecasts remain too high in the face of rising interest rates."And, Ecuyer adds, "after the rallies off the oversold June lows, September and October are typically weaker months for share markets and the US is also going into the mid-term elections in November.
Many companies are passing higher costs onto consumers. In fact, some are doing that and marking prices up a bit more, too.
with Labor in charge we will go down the economic drain...goodbye all
. Article says 'Businesses are crying out for more skilled workers...' Then 'and, of course, wage growth remains stubbornly low.' Didn't even batt an eyelid - despite these being incompatible facts in a free market. There is no worker shortage if there are no wage rises. .
Same old, same old.
I think ‘fork’ is a typo.
Well when the political class print trillions of dollars world wide and hand out money over stimulating the economy cheered on by the media ..Guess what it's time to face the reality of a failed society.
I'm JESUS CHRIST 'Michael Archangel'the Vengeance and every kind of payment belong to me!There will be so much famine that you will eat the flesh of your children,and each one will eat the flesh of his neighbor.I am the angel of death,the son of God.When I act who will stop me?