Proofofworkau on Nostr: RBA interest rate hold again yesterday, freezing the cash rate at 4.35%. Three-year ...
RBA interest rate hold again yesterday, freezing the cash rate at 4.35%.
Three-year high on mortgage arrears.
Thankfully the country has propped the housing market with record migration, up 695,000 in 12 months.
How to tackle inflation?
Keep interest rates above 4%
Open flood gates to migration
Continue to print money at a rate less than the GDP income surpluss of the migrants?
If the GDP per person is $66,589.05, we can expect the migrants to generate $43.785 billion dollars for Australia.
RBA printed $50 Billion between June 2023, and April 2024.
Interesting.
#Australia #austriches #ausrich #australiaisonfire
Three-year high on mortgage arrears.
Thankfully the country has propped the housing market with record migration, up 695,000 in 12 months.
How to tackle inflation?
Keep interest rates above 4%
Open flood gates to migration
Continue to print money at a rate less than the GDP income surpluss of the migrants?
If the GDP per person is $66,589.05, we can expect the migrants to generate $43.785 billion dollars for Australia.
RBA printed $50 Billion between June 2023, and April 2024.
Interesting.
#Australia #austriches #ausrich #australiaisonfire