The reason Australia’s inflation is ‘still too high’
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- Опубликовано: 24 апр 2024
- Judo Bank Chief Economic Adviser Warren Hogan reveals the reason why Australia’s inflation is “still too high”.
Mr Hogan’s remarks come after annual inflation fell to 3.6 per cent.
“That was all the pandemic global inflation just disappearing from our system,” he told Sky News Australia.
“What matters is the domestic inflation.
“So, you strip out all the international effects, and basically what’s happened is domestic inflation has come down from just over five to probably around four - that’s still too high.”
Government sponsored Inflation.
Nope, corporate profits driven inflation.
@@bretloyd8097 you really don't know how this works, we get it.
@@sarahm-a2782 what's your version of "how this works"?
k0vid - we now pay for the stupidity forever😢
1 word. GOVERNMENT.
Two words actually: Government spending.
Nah, government just means mind control. If people could control government instead of the other way round, they would not be the issue.
Nope, corporate.
@@bretloyd8097this bloke really is special. Governments fault. And they have no plan as well.
@@clarkkent1340 how so?
Wow. Per capita recession for four quarters and this guy thinks interest rates need to go higher?
This Labor government needs to stop partying in the tax dollar.
why cant straya have 30yr fix loans? why do banks make money out of thin air and rake in bllions?
Does that mean Investors would have to hold for 30 years too....?
It seems like you need to be wealthy to live comfortably in Australia.
If you are wealthy when you come here you’ll soon be poor. Thats what happens in a socialist economy
Drop the Mandates.
Then inflation will drop 👍
Just blame the labor party
This is so f@#ked
Once again….duck, dodge, dance, dissemble to avoid the issue; a DANGEROUS housing CRISIS! Pathetic 🙄
Raising cash rate could drive inflation down to the 3% level but will decimate the housing market. A cold lesson on electing socialists in charge of the country's purse.
Jim Chalmers will soon be known as Paul Keating the second! Anyone who rents , pays a mortgage or owns a business should vote theses clowns out! The circus act is over!
There is other ways of reducing inflation. Raise gst punish people that are spending
Rate are too low anyway if you based you property investment on 2% you going to learn every investment has risk
I was only one that said Rate Hikes were on their way..I understand USA is 35 Trillion in Debt and what that means...
Who has a higher debt to GDP ratio , China or USA?
Only 27 percent have a mortgage. The rest just keep spending. Prices won't stabilize 'till there is buyer resistance. ( Which won't happen because Australians will pay whatever.)
Higher Rates = Higher Profits for the already Wealthy. Low to Medium income Earners (All income on Bills & Essentials). Wealthy Re-invest in income producing assets. The Cycle Continues as Australia keeps importing Immigrants to stem recession via GDP per capita.
No the wealthy are about to be pegged to the beach like that scene in Gullivers Travels....oh this will be fun to watch. The gap is, leave Australia as home and Citizenship gets revoked. Can see the IMF, UN, WTO, OECD playing with that next. Too many are leaving for tax havens and returning asgain when war and famine hits. Doesn't work that way. In good times and bad you stay.
Increase the interest rate and increase migrants to 600,000 per year. This will be an interesting case for me to study. I have never seen anything like this in my life!
🙆♂
Perhaps if the supermarkets stopped increasing prices and reduced their profits from the billions down a little 🤷♀️
home owners not investors. less incentive to sell
The best advice ever! Australia should keep increasing interest rates to improve productivity levels and reduce inflation. They also need to reduce household debts. Household debts are becoming unsustainable and vulnerable to geopolitical changes.
Who are "they"?
@@bretloyd8097 Of course, RBA, mate:) But good question, this is the government's fault.
Mortgagees tight the belts
Hurry up Bank "Stress Test", get the investor speculators and rentvestors out of the marketplace to get inflation down and give FHBs a go. If there's too many Bank Lenders or Mortgage Brokers then let's have that debate and reform.
Yippee! Keep those rates going up!
The woman with the antics, family and twinflame photo album. Past lives and powers in detail. 📝💖💙📹
BECAUSE OZZIES MUFF IS BUKOU EXPENSIVE
Hi Sky , get the CENTRAL BANKSTERS out of Australia ( get out of "THEIR " game ) keep the BIG PROFITS in Australia for Australians , cheers ( Aussie ) Phil .
BECAUSE lifting the interest rate doesn't add to the cost of living crisis on TOP of everything else. ***Makes Sense You Know It Does.*** 😂😂😂
'Chweaper ewectwichitty' 🤣
Once you realize that they must increase the rates to quell inflation, it opens the mind to knowledge that they need us to feel the pain of recession in order for the rates to go back down without more serious economic consequences. Even these guys don't fully understand or aren't telling/getting the whole truth.
100 % agree and have always predicted this also 5% and then down 🤔👍😁
Put the blame where this is coming from .The uncertainty of two never-ending conflicts ,one in the heartland of the Middle East ,affecting shipping channels .Another reason is that the world markets themselves .
It's the fault of all the homeless people splurging on take aways etc etc.👍
Can you tell us Mr Dorsey about whhhy is it that you allow the Peoples Daily onto twitter.
Well Jack Quit. and sure i don't even know if he was even involved anymore.
When you sit there. with your Word File reflecting off your glasses.
It is humiliating.
You will no longer communicate with Nigeria
You will no longer social network with Saudi Arabia
you will stop translating your applications to the Indian languages.
You will stop making applications here completely.
If you continue to make applications here you will be fighting a devolving engine.
If you continue to make applications here you will pay high revenue fees for the products
if you continue to make applications here your applications will have install trackers.
We will contact your local police force to defend our interests.
We will delete half of the story. Well i speak it to powerless people anyway.
Don't i.