O.k so there's 99% chance Bernanke will keep printing aka QE3. And theres 99% chance that the debt ceiling will be raised or removed completely if Obummer gets his way....What I want to know is how much longer can the money printing go on? 3yrs, 5yrs, 10yrs or even 20yrs??? I neeeeeeeed to know the facts so I can make very important financial decisions.
The US can't stop QE. Bernanke simply hinted at it and interest rates chucked a spazz so he had to retract. The markets have made the US Fed its bitch
I dont know about you guys, but I'm still dumbfounded ......how the AUD is still so weak against the USD....especially when it looks like theres no end to QE and you have the USA living in a manipulated false economy. Maybe the Australian government should follow suit and start printing money, like theres no tomorrow......inject it into manufactoring, enable cheaper exports , then see if our dollar goes to 1 AUD = 1.50 USD It doesn't need to worry about AAA rating ..... as paying local debts, no longer appears to be an issue As you guys can clearly see, I'm not an economist......but seriously :/
I reckons that if Australia's CPI figure comes in a bit higher on Tuesday I think which it is expected to do, then the RBA may keep rates on hold next month, we may see the AUD slowly rise again until the next global hiccup or the next time Ben Bernanke mouths the word taper
Don't bet on it. My guess is they'll lower interest rates again. http://www.smh.com.au/money/rate-cuts-dont-spark-prices-anymore-20130716-2q129.html
I'm not expecting the RBA to cut rates next month either - inflation is their primary concern. @Willrocks, sportsbet has a decrease of between 0.01 and 0.25% favourite at $1.61 and for it to remain on hold at $1.85. Paying $41 for any increase!!!!! Would you take the $1.61 on offer?
@Will, I'm tempted to take the $1.85, if it was $2 then I'd probably jump on it. Might put $100 on it, just for a bit of excitement.
Hyperinflation in Zimbabwe http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe "From 19911996, the Zimbabwean Zanu-PF government of president Robert Mugabe embarked on an Economic Structural Adjustment Programme (ESAP), designed by the IMF and the World Bank, that had serious negative effects on Zimbabwe's economy." "During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe's hyperinflation because the government of Zimbabwe stopped filing official inflation statistics." "However, Zimbabwe's peak month of inflation is estimated at 6.5 sextillion percent in mid-November 2008" [youtube]http://www.youtube.com/watch?v=mM3_z2RB3YU[/youtube] Uploaded on Aug 19, 2008 Who wants to be a millionaire?
I've been watching inflation figures rise in most developed countries all this month. UK, US, Germany. Canada's is due out tonight and is expected to rise. Then China's is up too. Australia's "official" inflation is 2.5% and it's expected to go to about 2.7%. If it comes in at 2.7% or higher I'd say the chance the RBA will cut would be very slim. If I was a betting man and I am, I would have a couple of ounces on the RBA holding.
Just put $100 on 'Decrease between 0.01 and 0.25%' at $1.61 Sportsbet.com.au has a 2 for 1 (up to $100) first bet offer. So could work out well. http://www.sportsbet.com.au/content/offers/first-bet
