Inflation staying down has been holding a beach ball below water.
We got the confirmation it's headed higher. The question is how high?
Hiding the real cost of energy for a bit to fudge the numbers was obvious.
Spending in the public sector to employ people for years is taken from a socialist text book.
Accelerating population growth which means more demand for everything is a desperate ploy to solve a problem.
The problem is we are taking on debt and not creating enough goods and services to pay for the debt.
The idea of higher interest rates is that the economy feels pain and washes away the waste. The good players get left and the economy starts to prosper again once rates come down.
Our governments addiction to fiscal spending has ensured the waste has prospered.
The only solution is more pain.
I got asked why don't I like debt when assets are going up faster than wages.
All you have to do is look back to the 60's, 70's, 80's and 90's.
Will Bell Mortgage Broker
Inflation staying down has been holding a beach ball below water.
We got the confirmation it's headed higher. The question is how high?
Hiding the real cost of energy for a bit to fudge the numbers was obvious.
Spending in the public sector to employ people for years is taken from a socialist text book.
Accelerating population growth which means more demand for everything is a desperate ploy to solve a problem.
The problem is we are taking on debt and not creating enough goods and services to pay for the debt.
The idea of higher interest rates is that the economy feels pain and washes away the waste. The good players get left and the economy starts to prosper again once rates come down.
Our governments addiction to fiscal spending has ensured the waste has prospered.
The only solution is more pain.
I got asked why don't I like debt when assets are going up faster than wages.
All you have to do is look back to the 60's, 70's, 80's and 90's.
3 weeks ago | [YT] | 14