Last weekend we looked into the return of the two-speed economy. But Australia isn’t just dominated by commodities and energy. We’re also the property punters of the world, with the oversized banking sector to match.
We’re coming up to the Decision of the Century. There are only two real choices. One way or another, this scam economy is going to blow up.
You can feel the pessimism and even despondency in the mainstream media as they talk about the economy, the financial markets, and what to do to make ends meet.
Every morning I wake up to new headlines about inflation, recession risks, and shortages. The media is really all-in on fear at the moment.
The supply chain difficulties will certainly grow worse. Even more troubling is the fact that the remedies will take years and sometimes decades to implement.
The Fed’s ‘tightening cycle’…soaring gasoline and diesel fuel prices…federal deficits out the wazoo…war…sanctions…God knows what else.
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