Tuesday saw the seven-year reign end for the Reserve Bank Governor, Philip Lowe. Is it the beginning of a new era for the Australian financial system? I wouldn’t want to get your hopes up as I expect more of the same going forward. Governor Lowe’s final address was about how inflation in Australia may’ve peaked but high inflation is expected to persist. In other words, don’t expect a quick reprieve from high interest rates and the soaring cost of living. We’ll have to endure a while longer of tightening our belts and forgoing some nice-to-haves. How do you plan to go through such times?
Macroeconomics: Global Central Banks News & Highlights
The money supply in many key developed economies is now shrinking. This heralds the onset of deflation — what monetary policymakers fear above all else. A Minsky Moment may be next.
We accept that there are booms and busts…births and deaths…ups and downs. Were there no downs, there would be no ups. It is only the relative motion that gives it meaning; it is the looming grave that makes life above ground so jolly.
Market timers wait for the sell-off. Economists wait for the recession. Here at Bonner Private Research, we are on suicide watch.
‘If I could save the Union without freeing any slave, I would do it, and if I could save it by freeing all the slaves, I would do it, and if I could save it by freeing some and leaving others alone, I would also do that…’
The ongoing shift away from the dollar continues to intensify…why India is the latest nation to unhook itself from the snare of the petrodollar…how to prepare your investments for the growing distrust in fiat currencies…and why gold is an obvious and opportune asset to look toward.