Is A 5% Cash Rate For Australia On The Cards?

[@PaddyAU]

Australia needs a massive recession. Prices are out of whack😊

[@williamcrossan9333]

Yes, the cleansing power of a recession (which we needed 15 years ago), has not been allowed to happen.

[@hifivaliant8937]

Is this Paul Keating speaking?

[@downtoearth1950]

I just received the insurance renewal for my car, 30% increase! Thats the real inflation❗

[@Andre_XX]

My house insurance went up 59%. CPI from the ABS is a lie.

[@darrens5731]

My car insurance went up 80%, no claims for 40 years, same boring family car

[@mickevan9442]

@@darrens5731 have you ever used it ?

[@Andre_XX]

@@darrens5731 The government should have an inquiry into the insurance sector. They are among the worst offenders.

[@Tracertme]

While the RBA and banks keep printing money you won’t kill inflation will you.. ❤

[@prancer4743]

I predicted they would continue to sit on their hands 5 months ago same same USA Canada UK 🇬🇧 New Zealand all got the job done but Australia siting on stagflation now 🤔😉🫣😩😧

[@gore1089]

5 months ? Rates started going up in 22 Everything before that is fiction.

[@williamcrossan9333]

Yep, we're getting proper stagflation.

[@grizzz6884]

they care about inflation , they want control . if they worked for the people they would never have taken rates so low and left them there and then take them up fast

[@jayssonmoggalicious7469]

I'm amazed that the cash rate isn't already above 6%

[@Andre_XX]

True inflation is in double figures.

[@robertcampbell6521]

I remember when interest rates were on the way down to the basement and every time they dropped reporters were out asking the public what the reduction meant to them,most people said oh its great now our mortgage repayments have fallen we can spend more on dining out new cars holidays and anything else that takes our fancy . Realistically people have become accustomed to cheap money and thought it would never end,reserve interest rate needs to sit at around 8% if we want to get this country back to somewhere near normal

[@Andre_XX]

Even 8% is a bit on the low side.

[@antpoo]

If war kicks off expect interest rates to spike to 20%

[@robertcampbell6521]

@@antpoo Beauty

[@antpoo]

@@robertcampbell6521 the downside is, We all go on rations and work in a war economy that pays us less than we produce.

[@kozziezeeable]

Asking MSM to do journalism.. be fair and reasonable, Martin!

[@WalkTheWorldDFA]

Good point, but I can only hope...!

[@gore1089]

The msm is dictating what RBA does. Because now they can politicise and weaponize it.

[@leonie563]

They need to rip the bandaid off because "inflation expectations" and "wage price spiral" will be uglier than a few hundred thousand mortagee in possession sales. It seems they are either waiting on war/supply chain shortages or AI to cut through staffing levels. Either way the uncertainty is like a cancer going through the community.

[@grizzz6884]

they are waiting for some thing . i think the up coming sports event would be a good black flag

[@antpoo]

I agree

[@Andre_XX]

It's needed. Bring it on, I say. They have been too timid.

[@quoclien3343]

Inflation decreasing, but prices ain’t dropping … the high prices is the standard price, it ain’t returning to what you paid for the same item last year…

[@crazyham]

it never has, has it?

[@Bobafe77a]

Two more rate rises to come. I've been saying so since rates were frozen. 5% cash rate would be a reasonable rate in this overheated economy.

[@antpoo]

Any rate rises will be compensated with more govt spending. Prices won’t fall, just more ppl will fall out of middle class.

[@whitewall8871]

U.s.a will increase the % rate. Aus will need to do the same otherwise the aud will fall

[@reside9891]

Picked my missus up from the airport last night, I'm pretty tanned olive skin but FFS looks like anglo saxons are seriously marginalised (WTF is happening to this country) its an absolute disgrace!

[@OZprepper]

That idea of charging people to use cash is even considered enfuriates me. When your taxed to hold things you were taxed to buy using money that was taxed to earn, the idea that there should be a tax to spend.... Someone has a lead deficiency

[@jimmyhvy2277]

AND the Banks charge you to spend your own Cash ! Bastards !

[@unicornkisses7359]

The system is broken. It must be dismantled and a new one built that benefits THE PEOPLE, not the parasites! BUT we need a UNITED PEOPLE....but most are off arguing with others about the latest forever war, or immigrants, or whatever other distraction is being used...even men against women for goodness sake 😢

[@mregas78]

Why do they still rely on lagging indicators to guide monetary policy?

[@MrkBO8]

price of a product i buy at chemists warehouse went up from $64 to $100 over the weekend. 9 or 10% might be more appropriate than 5%

[@richarddobosz6174]

Excellent thank you the honest analysis

[@jm_brisbane]

How much of the labour shortage is driven by the backlog of infrastructure construction needed to cater for our ballooning population? When an immigrant arrives we gain the long term benefit of their efforts over their working lives, but they create an immediate short term deficit in housing and everything else they need. I don't think this is going to be solved until our various construction and supply industries are granted a reprieve.

[@fatgim]

Thats the tricky part - they are all going bust due to the cost of building and the high cost of borrowing money. Easing interest rates would help home construction - but it would be inflationary!? So the RBA is stuck. I feel like its going to be a long grind unfortunately

[@berniestar1490]

No benefits exist for Australia

[@morganoox3838]

Within a year the housing market/rent will consume all the discretionary money for 85% of the population. The economy will collapse, because the top 15% save and invest, they don't spend that much.

[@Andre_XX]

Lets face it though, most discretionary money is wasted on unnecessary things like coffee, dining out, Netflix, gambling, expensive hotels, SUVs, nail salons, latest fashions, new iPhones, magazine subscriptions and other daily fluff that people think is essential in their vacuous little lives.

[@morganoox3838]

@Andre_XX ans also 2hat gives many of us jobs. But enjoy the depression

[@Andre_XX]

@@morganoox3838 If you think making coffees and painting nails constitutes an economy, you had better prepare for a huge depression.

[@IvanChristopher.]

I hope so

[@Rafa-wc3fw]

recession that we have to have 2.0

[@CA999]

The main stream media will not do that job you expect because it might contribute to panic.

[@williamcrossan9333]

It's going to be interesting to see effect of the the tax cuts. Australia doesn't physically change on July 1, but mainly full time income earners have around 20 or more billion additional after tax income, chasing the same amount of goods and services.

[@chrisdepasquale4307]

A drop in the ocean, about $2 billion/month. 40,000 new full-time jobs in a month, even on minimum wage, is worth about $150 billion/month.

[@williamcrossan9333]

@@chrisdepasquale4307 My math suggests 40,000 full-time jobs, at $10,000 a month = 400 million. At around 2 billion in tax savings is like having an extra 200,000 good income earners suddenly arriving. I'm not saying it's going to change the world, but it's significant.

[@crazyham]

We are so lucky to have such a smart & honest RBA governer along with a fantastic government 😉

[@Andre_XX]

You would make a great comedian!

[@HP66856]

😂😂😂😂

[@crazyham]

🤣

[@cliffordthedog4830]

thought there would be more forced selling housing on the market. Especially in Sydney.

[@ilovecricket100]

Did she say houshold Real incomes will rise due to tax cuts and lower inflation? 🤣🤣🤣

[@grizzz6884]

they needed a one term government , to pass the pandemic treaty

[@Wombat-y7t]

6% if USA stumbles further....

[@brissiAU]

Insurance, car 27%, house 30% increase, have a guess what people will do, feed the family or insure stuff, this will come back and haunt us.

[@darrens5731]

We’re paying the same amount of tax now as before the gst but WITH the gst

[@jetplane10]

Hello Martin 🙂

[@WalkTheWorldDFA]

HI

[@bimocular4312]

NZ and USA at 5.5. AUS is low still!

[@SamLukie]

Interest rates between 4 and five percent is about right all round.

[@mrekin2146]

Send the Asteroids

[@mellowman1020]

up the immigration that should help.

[@BazieWasie-m2j]

hi

[@damonjakin7179]

On what planet did he think they in anyway suggested rate hikes? What an embarrassment, absolute best case would be holding. This poor commentary from an old man.

[@robm1415]

WTF !!!!!!! So you are saying that interest rates will not go up from here ????? That's a big call and most likely very wrong!!!

[@bharadwajah9517]

Reading off a script. You could have AI read this and spend your time doing something valuable.

[@WalkTheWorldDFA]

You think?

[@kyliepechler]

AI voices are very annoying to listen to. I'm sure many of Martins viewers would tune out having to listen to an AI voice.

[@unicornkisses7359]

Ai is poison toxic and dangerous. It is ARTIFICIAL in case you missed that part? I guess you'll be eating the lab grown "meat" as well since you like ARTIFICIAL so much?

[@riffcaster]

It isn't a cash rate though. Cash loans are 12-20% interest.

[@riffcaster]

Cash means interest now, apparently.

[@PaddyAU]

Australia needs a massive recession. Prices are out of whack😊

[@gore1089]

Exactly everyone gets poor and the rich get richer.

[@fatgim]

We are already in a massive per-capita recession, being hidden by immigration numbers.

[@MegaMr28]

they wont do it. we are going out in a blaze of glory. im stuffed now because i thought the housing market was going fall after listening to to martin and john over the yrs.

[@YuckFoutube-e1z]

@@MegaMr28 You cannot think for yourself?

[@firaselachkar4159]

​@@MegaMr28This is the danger of listening to these goons. You're paralysed 5 years when you have have bought inn2019 and made 400k in equity.