The most important set of economic questions facing the Australian people is inflation, interest rates and mortgage/financial stress. The recent release of the Consumer Price Index by the Australian Bureau of Statistics at officially 5.1% and the subsequent raising of interest rates by the RBA is now the main conversation which many Australian families are having. With only one interest rate there is already a sea change in the sentiment in both the property market, shares and cryptocurrencies. Many Australians with significant debts are now quite nervous about what does the future hold. Analyst Martin North and Economist John Adams discuss…. Go to the Walk The World Universe at https://walktheworld.com.au/
– “Stimulus leading to hyperinflation in the property market” ??? This is the most horrible nonsense !!!! We something similar in the US in (very) early 2008. There the US government sent every US household a “stimulus check” of USD 300. But A LOT OF US households used that money to pay down debt (= reduction of money / debt = DEFLATION).
– “Hyperinflation of australian property” ???? What is this IDIOT smoking ? I hope it is something legal !!!
– Rising interest rates are DEFLATIONARY but that’s “too original” for the braincells of A LOT OF people, including for one John Adams. People are trained to look at what happened in the 1970s but that decade is already `history` for a long long long time.