Politicians of all persuasions believe today, that anyone who deems to criticise them, is out of touch. This week we experienced many touch ups and a few more touch downs (figuratively speaking). This leads me to suggest that we are now in a touching market where property prices are either out of touch and others a touch up. Continue reading »
Testing times ahead where the Federal government has great light to shed when the “new kids on the (Canberra) block” deliver their forthcoming budget and our esteemed Treasurer Wayne Swan declaring that the most important measure was to put downward pressure on inflation. Inflation is surging to a 17-year high and we remember 1991, when the then Prime Minister Paul Keating told Australia that we had the “recession we had to have”. Continue reading »
Based on revelations from the Reserve Bank of Australia (RBA) when it released the board meeting minutes from its April 1 gathering, unlike other commentators, I remain somewhat mystified, concerned and confused with its rationale. For some strange reason the RBA is of the opinion that its previously noted expectations with regard to inflation are being scaled down from its initial concerns back in February. Next Wednesday, the Consumer Price Index for the March quarter 2008 will be released and rest assured it will be well north of 4 per cent. The simple facts are that the present inflation rates are the fastest growing since 1991. Continue reading »
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