RBA has just increased inflation again

 Hi readers 

I've keep to myself to see how the market plays out.We have seen a number of conflicting issue and yet inflation is still rising.

We have seen the Fed raise rates and export inflation around the world.

It shouldn't be a surprise to all of you as I did warn you that it would come.

Markets are bouncing around couple of hundred points side to side trying to suck retail into the game.

Retail is being lured into the belief that the market has bottom but has it really! 

I don't believe it has and I see further falls moving forward.

As this is being typed the reserve bank of Australia has just increased interest rates by .25% yet they just saw inflation slap 7.3% in Australia..

What is the real reason the RBA isn't increasing rates by .50% or more to combat inflation?

The property market is likely to collapse, the same with Canada, both central banks are unable to increase rates as there actions will result in property falling apart.

If property falls apart in valuations as is expected then everyone who has bought for the last 15years will be mortgage slaves, thats when your in negative equity and that your valuation of your property is less that your current mortgage.

This move by the RBA will only increase inflation so all is good for a higher rate in the future.

On a side note in the area I reside the largest shopping center Doncaster Westfield  has been busy as over the last 3 weeks. What I tend to do is just go out and walk around and see if people are shopping or just window shopping. I can  tell you people are shopping regardless of whats happening to them financially. live the moment and we can deal with the ramifications later type attitude. I can tell you that 2023 will be the nightmare year for the world.

With record debt in Australia I fear what will play out but lets see how things involve.

The governments budget what's much of a budget if anything it was smoke and mirrors.

There is no way the government will build 1 million properties in 3 years.

The budget numbers don't add up and with the lower tax receipts due to a stagnant economy and stockmarket there is no way that there numbers will come true

The budget was nothing but a publicity stunt to notify the public that the electricity bills will increase by 50%. 

The question is why when we have coal, oh that right climate change shit. Did I tell you all that the east coast of Australia is being flooded by rain. So mush for climate change its nothing but a massive hoax readers.

As an example and please check this for yourselves, in 1974 the western suburbs of Melbourne was blocked off for 6 days due to rain and flooding.

Its all cycles and Climate change is just that cycles. but people are so foolish to believe that , they forget about the basis of whats really playing out.

So now the worlds energy is increasing in price not because it costs more but only because of climate change shit.

Governments around the world are NOT governing for there people.

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