Last week, it was announced that maths scores for nine-year-olds had suffered their biggest drop in 30 years. Two decades’ worth of progress had been erased (presumably by lockdowns…statistically, the children were never at risk from COVID anyway).
While energy is making the headlines in terms of the economic impact of the war, food supply is equally in jeopardy. It’s important to understand that food on your table is one end of a long and complex supply chain.
ASX ends 1.4% lower as battery metal stocks feature heavily on Wednesday, with Lake Resources appointing a new CEO.
ASX 200 tentative in late afternoon trade as the RBA raises the interest rate by 0.5% to 2.35% while lithium stocks surge on upgrades.
Bonds — and the interest rates they reveal — tell us which way the strong undercurrents are running. They measure (indirectly) how much capital is available and (directly) how much it costs.
With the RBA expected to increase rates today, we’re told of ‘more interest rate pain’. For whom? Certainly not for those who have savings.
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