Hi Readers
Firstly I'd like to say a big thank you to everyone who put there views across, everything has been taken on board and I will try to accommodate.
So markets are showing signs of stress, and while many don't want to believe it, the shit will seriously hit the fan next year.
For the time being we will see shocks that will send the market down only to buy the dip.
But all bet are off after January when the market wont have the luxury of accommodating FED.
Indeed the current inflation rate is rolling around 12% regardless of the media number at the present time(5.6%).
This number excludes rents which are up some 20% in some areas while the medium rate is up 34%.
Put that into the equation and all of a sudden you get the real number not used car prices which the good old US accounting put in the equation of inflation.
The FED taper is bullshit, even if they wanted to they can't, the whole financial system would collapse, and they know it.
FED has no bullets left but to raise rates now in a stagnant economy which is contracting and inflation is burning up peoples purchasing power.
In Australia we have seen in the space of a week the treasurer do a back flip on lending rates and put the squeeze on lending practices.
( from allowing banks to lend 90-95% LVR to now tightening oversight of up to 80%).
Another great lot of data came out today and that's to do with deferrals.
I find it fascinating that they always divide the numbers by the total amount which is a joke rather than just saying straight out there is $13.4 billion worth of deferrals mortgages which is 157,240 customers, who have defaulted twice at the present time.
Instead they give us this shit from .46% its gone up to .83%. When you divide the numbers by the total amount of mortgages then yes the numbers are that but mortgages on property are around $2.1 trillion.
I guess looking at the .46% rate makes people feel more comfortable, but as the saying going the piper wants his money back, and his just warming up. We hear that people have good buffers on the mortgages but that's banks talking crap.
Yes property Houses have increased in price, but apartments and condo's have fallen 25-30% and still no buying, I know this for a fact as readers have sent me there prices paid and prices selling.
So please don't believe the crap that's coming out of the media.
To the Melbourne people your leader Dan Andrews who has sold you out to the Strong Cities Network which is as corrupt as the NSW leader who quit. He wont be premier after March2022 that I can assure you, his astrology doesn't look good at all. While the people are suffering with all these restrictions, his living it up in Queensland. Every dog has his day and his time is up, it wont surprise me if he doesn't see 2024, as the likelihood of an assassination is very real, yes I know that's a little confronting but that's what the astrology is showing.
Market will have a difficult time in the next 3 weeks as there is a lot of aggressive astrology coming which will put the fear of god into them, then it will move on and market will try and make some sort of recovery until January.
We already see the shortages in Europe and we are seeing the cargo ships lining up to be unloaded in the ports in the US. Chinese companies are cutting back production we are told because of power restrictions but this isn't true, companies cant export there goods as ships are stuck waiting to be unloaded. Every warehouse in China is full of goods waiting to be shipped out once ships arrive.
So what does this mean? Australia stick your metals and minerals up your ass we don't need them, America plough your soybeans into the ground we don't need them, we are buying them from south Africa and next year we will buy them off Afghanistan. As the Taliban gave China some of the military hardware which the Americans left as a sign of good faith.
So yes inflation is running for at least another 21 months more deflation will follow.
To all the gold and silver readers, as I said to you before gold goes up in a deflationary environment not inflationary, if it did then gold should be $8000 by now, stop listening to people who are pushing there own agenda's, whether you buy it or not I don't care, but don't complain when its dropping in price, more coming.
Grains and soft commodities different story, Wheat, Corn, Coffee and OJ are all required, your seeing energy prices explode not because of supply but because of transportation, so its all been planned to occur and the problem is once the inflation beast is released very difficult to be put back into the box without serious pain which we will feel.
But the excuses are being prepared, it will be the crypto's then it will be China's growth, then it will be companies not paying staff. Every excuse except looking at what they did wrong.
As always The above is based on Astrological aspects, and is not financial advise.
Please ask your financial advisor on more on the above.
