A red-hot inflation figure from late last week means a weak start for our markets today. ‘Higher for longer’ is starting to be priced in. But that means opportunities are on the cards for those willing to ‘cheat’.
Hot PCE inflation data sobers markets to interest rate reality. Aussie retailers headline reporting day with Kogan, Adore Beauty, BWX, and City Chic featuring.
As expected, Jim Chalmers just can’t keep his hands off the $3.3 trillion superannuation system. But he’s not doing a very good job of selling theft to the electorate.
Minerals Resources profits surged in the first half of 2023, propelled by record lithium
Additional debt means that additional money has been put in the system. More money in circulation means more inflation. Remember, it’s borrowing that brings new money into existence.
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