Could the US banking crisis head off an Aussie mortgage disaster?

abc.net.au/news/federal-reserve-hikes-interest-rates-but-gives-rba-room-to-pause/102134130Never waste a crisis. It's a key tenet of politics, and a playbook the world's major central banks appear to be following.

While many economists divorced from the financial system continue urging central banks to keep aggressively hiking rates to slay inflation, the reality of US bank runs and collapses has forced a rethink. "We did consider that in the days running up to the meeting," Powell told reporters in a press conference after today's rate rise decision, referring to a period where the banking crisis threatened to spiral out of control."In fact, as of a couple of weeks ago, it looked like we'd have to raise rates over the course of the year more than we'd expected at the time of the December meeting.

Why are you blocking people from replying to your initial tweet ... absolutely disgusting

Buy gold and silver. Stock up on vegetable seeds.

Reserve bank will do everything in its power to protect the property Ponzi.

Well if the banks go arse up there will be a contagion affect as everyone will want their money as everything is interconnected. Once that happens watch the job losses mount and those with mortgages have to sell. It won't be pretty. The best strategy is to just pay cash

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AUKUS deal to ‘shape and strengthen’ Australia’s economy for ‘decades’Prime Minister Anthony Albanese says the AUKUS deal will 'shape and strengthen' Australia's economy for 'decades into the future' as it will provide job opportunities and advances in technology. “This represents the single biggest investment in Australia’s defence capability in our history, and the single biggest leap in terms of capacity and use of technology in our history as well,” he said during Question Time. “This will be an Australian sovereign capability, once the Australian flag appears on a plane, a piece of equipment, a ship, a submarine then it is controlled by Australia and it operates at the direction of the government of Australia,” Mr Albanese said. “The building of nuclear-powered submarines in Adelaide, that will be built by Australian workers with Australian products, having Australian skills and producing 20,000 direct Australian jobs, as well as a massive multiplier effect on our capacity to have advanced manufacturing in this country.” maybe take a look at the USA economy before believing Bidens bullshit chief.
Source: SkyNewsAust - 🏆 7. / 78 Read more »