Markets suggest inflation ‘not going down’ but ‘rising’
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- Опубликовано: 8 сен 2024
- Sky News Business Editor Ross Greenwood says the markets are suggesting inflation is “not going down” and is “rising”.
Australia’s quarterly inflation figures will be released on Wednesday.
“The markets right now are suggesting that inflation is not going down, as was broadly predicted by the government … but, in fact, is going the other way - is rising during this period,” Mr Greenwood told Sky News Australia.
“That’s the reason why the narrow path that the Reserve Bank talks about is really one of these big issues.”
No kidding? So wages / petrol/ union laws/ rent prices/ govt taxes all go up, but inflation is a surprise? Who knew?
😅
Don't forget power prices
I wonder who privatised the power
Both mobs are responsible for the privatisation of power the shit no reservations policy for gas was Gillard and Krudd what's your point the whole green mess that is power is both parties fault but what is the mob that is in there now doing ? Let's face it after two years of this crapp some people have had enough
@@russellcullen9913still handing on to that I see 🤦🏻♂️😂
When will we try these traitors in government for treason?
When you people realise they're just two wings of the same bird.
@@Ex_877 I realise. Apply what I say to ANY government. Any politician
@@morganoox3838it goes back to the central bank/Rothschilds
I love asian girls
@@morganoox3838
Don't be fooled and still wearing a mask.
the treasuer of this country is a clown.
Labor are brilliant at managing our economy - said no one.
The Labor Party has totally stuffed up this once great Nation! Lucky Country no more.
The term the 'Lucky Country' is taken out of context once again....
@@uberboiz
Well what does it mean then?
@@Peekaboo-Kitty You could've found out about it yourself with a quick Google search, but here you go:
"Australia is a lucky country run mainly by _second rate people who share its luck._ It lives on other people’s ideas, and, although its ordinary people are adaptable, most of its leaders (in all fields) so _lack curiosity_ about the events that surround them that they are often taken by surprise." - Donald Horne
Judging by your response, I guess Donald Horne was spot on with regards to his point about 'lack of curiosity'.
@@uberboiz
Yes I know I could have Google it. I was wondering what it meant to YOU. Thanks anyway.
The house/rental price explosion started under Morrisson. The LNP did nothing to reserve a portion of the natural gas for local consumption either. And nobody wracked Australian manufacturing like Abbott. We have to import everything thus we are exposed to the inflation in other countries.
Government better throw a few more billion at it.....
The government had better throw a few billion more at overseas football teams, that should fix it
either way the common folk are screwed!!
I suppose we can always blame putin.
And blame the world, many believe that 😅😂
🤣or climate change
Based on house prices, money is losing its value pretty fast. That's called inflation.
I moved from the UK about 7 years ago it makes me sad whenever I compare AUD against the pound. It might as well be called the Australian Peso at this point.
Inflation yes but more impactful is the debasement of the currency through the creation of more dollars to pay the debt of the country. They will never ever stop making more dollars to spend.
Stop giving away Gas to overseas corporations
Rates are just too low. The RBA is too focused on house prices, even though they keep saying they don't target house prices...
Interest rates are not high by any stretch of the imagination. The problem is debt levels that have got out of control.
The government uses inflation/economic growth/national debt as being all interlinked... if economic growth outpaces inflation then the national debt shrinks (effectively) but when economic growth stagnates or indeed slides into recession, any inflation means the national debt grows (effectively); that's why things seem so bad now, the gap between economic growth (-%) and inflation (a few percent) means a ~10% gap. Which is sizable in a multi-trillion dollar economy.
Set interest rates to 10% and inflation will be done immediately.
7%
Should've went high at the beginning
Yes then australia go bust
Look at Turkey as an example. Keep printing billions of dollars to pay for millions of migrants' welfare, and no interest rate rises will lower inflation. There are many countries like Turkey where the rise in interest rates made no difference because of money printing.
inflation + unemployment + wealth class gap + rampage politics + illegal immigration at the cost of the citizens + higher taxes + plummeting birthrates + potential WW3.
+ climate change + WEF = fun times being alive
Well said 💯👌
The biggest issue is immigration is not illegal. The Aussie government has decided that a country with 0.3% of the worlds population, we should scour the world for millionaire migrants.
If you're an Aussie in a working class job, wanting housing? Bad luck.
Apart from that things are looking pretty good .
Australia doesn't have illegal immigration. It has a corrupt legal immigration policy perpetuated by the Labor government. Over 1 million in the last 12 months.
Great job politicians. Time to go for a lavished expensive tax paid holiday.
That $275 saving on my power bill has REALLY helped with my cost of living… SAID NO ONE.
That free money contributes to inflation
Wow what a mystery! Have you tried asking people something like when were they better off in the 90s or now?
90s with recession was better than now
As a self employed Tradie , we've been in a recession for a long while , and they're not saying it , but it is . The phones are not ringing .
but Labor say we need to import millions of tradies more to cope with the imaginary work load. Smoke and mirrors
Depression
Ohhhhhh boyyyy I can’t wait to hear albos and Jim’s excuse…. “Awwwwww inflation isn’t going down because of what we inherited from the coalition..”
“ we know Australians are doing it tough blah blah blah .. that’s why we are sending 350 million to Ukraine”
Hahaha. I read that in his stupid voice.
Think all up Australia has sent about a billion dollars.
I hate this country.
Dear Labor voters, thanks for NOTHING.
Ohh… but tails were up and full of cheek and sass…. Complete muppets.
Why do you think that the first interest rate rise was under the other mob?
They haven't been in power that long bud. They arent perfect of course but the former government certainly played its part in creating the mess we find ourselves in today.
@@JimP-tc7gg Exactly.
People were talking about this happening well before the election, including me, and it's happening in many places around the world.
People should focus on getting their own lives in the best shape they can instead of blaming whatever Govt. when things go wrong or get harder.
@@oldbloke204 a lot of places around the world have their inflation going down, if the info on that is true.
and let's not forget that labor is known for spending, which last i checked adds to inflation not helps bring it down, and not a single thing this government has done has been helpful to us aussies at all.
they'd rather spend money on useless immigrants and giving money to other nations and fuck up every industry under the sun in australia then actually do anything.
the last goevernment may have not done much of anything apart from have no backbone and be stupid, but this one government is way worse than that.
next thing you know we will have turned into france, oh wait france probably doesn't even exist at this point.
System is corrupted
like most Australian politicians.
Labor trying to spend themselves out of a recession is like someone trying to dig themselves out of a hole.
and what did the LNP, who were in power much longer, do exactly?
Spin Doctor Jim!.
But.....Not According to Labor Figures ?
LAYBOUR'S🤰🤪 BEAN GOWWIN INDA LAYBOUR 🤰 SINCE DAY ONE OF DA LAYBOUR PARTY HAULERING OAT WHERE'S ME BOWL 🥣 OF LAYBOUR OAT'S UND-MAYE CUPA TAYE ☕️👋😳
Total con... Just raise interest rates and give the banks more money.. What BS!!!
But Jimbo said he had it under Control 😆
I think he meant his libido.
Vote minor parties.
It is the usual policy. Our Reserve Bank does not think. It follows its master. Australia is waiting to follow the Yank Bank, as per normal.
The Kiwi dollar has tanked. Glad not to be living or investing in real estate there.
interest rates need to go up to curb inflation and to combat irrational Govt spending.
The problem is the government want higher taxes and their favorite way of doing that is by higher inflation.
@@vichetkim5533And so the inflation can erode away their debts
I work for Australia Post. Online shopping has not gone down, at least in my area.
Shopping on line Temu, Ali, etc cheaper than shopping locally so business suffers.
@@richardpeychers4076 Yep that’s a lot of what we get through.
I don't have a car so I rely on having large items delivered but when Kmart wanted to charge $60 for delivery for a clothes airer from the local store, I went to Amazon and got free delivery
Of course inflation is still rising. The reason is that the govt is still spending and printing money with no accountability.
The new board arrangements of the RBA are on trial!
This shouldn't be an election issue - it's a living standards issue. Cost of living continually rising, wages rising, electricity cost doubling, fuel costs still up high. Add to that uncontrolled government spending and politicians getting pay rises every quarter and all you've got is inflation.
Australia desperately needs a treasurer. We are in trouble. Lift the rates and get it over and done with.
NO point in lifting rates if we bring millions of migrants at Australian expense and make the citizens pay for it. No wonder they have no money left and housing going up. Lifting rates in Turkey has made no difference. Stopping government spending and importing millions of people from third-world countries is a better place to start.
You don't need the market to tell you that inflation is going up. My car rego went up over 8% year over year by the same bunch of people who control the supply side of available workers through higher immigration.
They just killed the labor market and the effects of it never will go away.
You can keep spending out of control and stop inflation this is impossible...
They try to gaslight us about inflation here in the US too
" Inflation had gone down" = the rate prices continue to skyrocket higher and higher has tapered a bit
My supermarket can vouch for this.
My property wealth is up by half million and you expect me to curb my spending? You are funny lol
The RBA's actions are diluted if the government is fiscally irresponsible.
You'll never see accountability from this ship of fools! It'll be on everything and everyone else but them.
That’s what over spending governments do to the economy (simples) 😮 Poor Jim and Albo 😅 I’ll give Jim points for creative accounting- Zig = Inflation and Zag means - Duck for cover
It's unheard of to see inflation lower in NZ than it is in Australia 🇦🇺
Inflation will be stubborn in Australia until we get energy costs down
Energy costs are never coming down. With the majority of Australian homes failing to have proper insulation, people are forced to regulate the temperature in their homes by blasting air con and heating. Its a joke.
inflation is very lucrative gain for big companies but only the average will suffer.
Nobody could see it coming...😂😂😂😂😂😂😂😂😂😂🤔😱🤣🤣🤣🤣🤣🤣
this is what happens when we let goverments control money !! we need a sound money system
Property prices is the clear sign here. House's aren't worth more, they cost more meaning more to pay back. This is hyperinflation, nicely bundled by real estate as you are getting 'richer'.... no you are not, you are getting more poor. Money is losing it's value unless you move country where that inflated value can gain value on their dollar.
Literally everyone is feeling the squeeze
Raising rates will not ease the cost of living crisis for essential items.
zig-zag inflation theory - jim chalmers
Anyone living in Australia who has to eat and basically live day to day knows that inflation has continued upwards at a staggering rate and things are only getting worse.
How could it be otherwise? Everything bought in Australia, is on the card and with money that does not exist!
All inbeded on purpose=WEF model all around-as long Jim smiles
It’s all fudged anyway. Kick the can down the road.😂😂😂👍🏽
This government truly doesn't know anything about how to manage the country’s economy. Look at the public sector, we spent millions every year for projects that could cost %50 less with better management
Let's go rates to the moon and back
CEO salaries up 14.3%. Rent up 10-15%, Insurance up 10-50%, Gas Costs (absolute joke), stupidly high immigration, zero infrastructure, corrupt unions... Petrol Prices tax (but don't worry we give you an energy rebate...take with one, give with another), alcohol tax (this should be bloody education - not a tax, drinking in moderation has no ill effects shown with both RCTs and Meta Analysis). We also have an excess of idiots on the road without Australian Drivers Licences who exploit loop holes to keep a "not fit for purpose" international licence. Land costs... What about social break down of society caused by greedy developers - no children should grow up without a backyard, that should be their playground. So many infrastructural vanity pieces not made with Australians in mind, but to attract immigrants so the economy does not collapse. Unethical trade with countries that just want to screw us over anyways... Enough is enough.
Inflation will go higher and higher. Tones of new migrants and expensive solar and wind energy. Think. How can inflation come down?
Rates are not high. Do the right thing RBA and go up 0.5 and stop inflation dead.
Just the way Klaus likes it
One recommendation regarding Australia - get out before the ridiculously inflated, debt-bloated backwater’s economy meets reality.
and where do you recommend going?
Im trying to get out. Its going to be argantina of pasific.
@@JimP-tc7gg I can go back to Russia , but don't want right now ))) Maybe can find a job in US, but again they have different issues
Chalmers is clueless 😮
Govt departments the worse culprits. Keep raising prices and taxes.
Interest rates going down will continue to destroy economy’s. Wake up!
Jimbo the Trainee Treasurer will have a new excuse.
Wonder why , fuel is just a joke , prices keep going up and up
Truck tax 15% more blame labor carbon tax ... $11000 to rego ! No communist or socialist idiot owned a truck
Western economic is going down
There will be a stock market correction before the end of the year. Change your superannuation accounts to low risk.
UK here and the prices used to calculate inflation do not represent product prices in the shops , you can find some items at the price they claim but its difficult , the government who did this are gone now but we do not expect any different from the new bunch , in the end math will catch up with them
The RBA has prioritized keeping the AU$ low, hence why interest rates were kept too low since the GFC, caused a massive housing asset bubble, which led to unaffordability for first home buyers and renters, and escalating commercial rents sending small businesses to close (because they can't increase their prices - consumers can't afford higher prices). Interest rates will go higher and cause a recession (which has already started).
If you give unionized workforce a 4% pay rise without mentioning anything about increasing the productivity, how can you bring the inflation to under 3%? ...this effectively gives you a $52 pay rise per week, but your cost of living went up $150 per week due to higher inflation caused high interest rate...not to mention this Labor Gov's billions $ wasteful spending and its stupid renewable energy policies!
Now, no one can afford anything in this country!
Thanks to those Labor voters, the whole country suffer with you!
Lib Lab no difference, I lost faith in our politicians long ago.
I live in Kansas and I am quite concerned about my govt spending way too much on everything. The USD is apparently the "cleanest dirty shirt" but the shirt is still filthy.
Cannot believe any of the "stats" or "numbers" anymore. My belief is in silver and gold.
The king is naked.
The road to peasantry - work exponentially harder for a currency that is growing exponentially weaker, all thanks to legalised counterfeiting 😉
Government spending is causing it
Chalmers smiling is giving me shivers, creepy
it's world wide , and by design .
if you think they are dumb , or it's 1 party think again .
repeated cycles , for anyone who is clueless
Rates should have gone higher earlier
They just loving spending money in addiction of borrowing money
Government spending like it’s on fire 🔥💁😒😩
A policy that is untried and has never succeeded and goes against common sense…that’s not a policy, that’s a theory, and a bad one at that.
Comedy, if inflation would be 3-4%, prices would not go up 20-30% each year since covid...
Raise it so house prices come down
Jim needs to go back to Primary School and learn how to use the words UP & DOWN
Moderate is the word you use when you just can’t bring yourself to say the truth
Who would have thought giving themselves big pay increases. Aged care 15%, CFMEU increasing by 25% over 5 years, stage 3 tax cuts, spread to lower earners again. Significant pay increases to public servants, cola payments for government employees, $300 federal and $1000 bribes to just buy votes. Increased spending on native title, green fantasies etc. increased taxes, saturated monopolies in food, alcohol, hardware, banking etc. want the prices to go down beside a product in the supermarket, new labels that show the profit margin of the company you are purchasing from.😂
What do u expect snake charmer Jim is not an accountant had to go to America to learn what to do but even then he was hiding behind the door
Albo forgot all about hard workers and inflation, put all his efforts into minorities issues. I'm going to forget about Albo next election.
Guys its the increase if the money Supply just look up a Fred chart showing Australia M2 Money Supply you will see its just a linear line up.
You want the M2 to be heading down its not Ndis,Submarines,welfare all varities etc
The Treasurer is always confident it’s getting better and he is always wrong!
You call definitely tell who has vested interests in today market. Lots of experts say inflation not an issue when it’s still 4%!!!! That’s not a victory!
Who is in control of Australian economy…???…is it Australian government or is it some other invisible entity who’s running this once very desirable country…?…all Australians should be a part of the wealth sharing not just the “privileged” few…we could be living in luxury but it is the opposite 😢
Anthony “recession” Albanese
Fantastic times we live in. Everything going to collapse and only the smart will survive.
Up goes the rates
Of course Grim Jim will tell us it's not his fault but Peter Duttons. Did Grim Jim take over Foreskins paper clip counting position when Foreskin pushed his way to the top????
Maybe Australia can subsidise the energy sources like petrol, regulate foreign investment and foreigners coming into Australia, have more state owned companies that are able to offer subsidies, focus on not making real state as profitable to push people to invest in other areas. I think Australia is becoming a country of slaves with so many expenses people have to endure. It is easier to have your own house living overseas and improving your quality of life.
Its okay . My boss did gave pay rise on june and gov give me tax cuts so we aussie says to rba bring it on
I'm surprised. I thought things were getting cheaper. Just as well that I have Sky to tell me otherwise.
You don’t have to be Nostradamus to see this …
Just Labor totally out of control!
and the LNP weren't out of control?
Moderate Import Tariffs reduces Inflation in Australia 🇦🇺.
The Australian Trade doesn't get with the International Competitiveness as they don't have the Right Support for the Markets.
When the Markets are Hot the Australian Trade doesn't have the Right Demand for Supply as the things would endup in Excesses but when the Economy is cooled then the Cleanup of Inventories do begin.
Then after the Labor Demand Comes into Picture.
Australia 🇦🇺 got no option except to go with the AI-Robotics and the Data Driven Service Industry.
Who would have expected govt spending being out of control would impact inflation. Why not spend a billion dollars on couple new planes for them, oh that’s been done 😂