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Brent crude has jumped to $US109/barrel, the highest level since mid-May. Meanwhile, US bond yields have hit nearly 5%. NAB chief economist Sally Auld explains …
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In related ABC News "Memorial events underway for 25th anniversary of 9/11 attacks, Albanese pays tribute". Here's hoping Australia's next tribute payment to the US doesn't consist of increasing our investment in US bonds. We're already donating hundreds of billions to their military-industrial complex.
Ah ha... To reduce the cost pressures we are facing... We will increase the cost of housing and business inputs to reduce inflation. 😂😂😂
I really miss the days when the news just reported the news instead of having to have a chat with an "expert" ...
Trump will fix it.
We don't care about the oil price, we care how much the diesel costs. ...ask Abbot and Scomo, why Australians pay $100 on top of price of oil per barrel, for diesel...
You cannot fix supply shock inflation with monetary policy, it will just cause a private debt crisis and stagflation.
“Garbage. Prices skyrocketing” 📈
A lot more hikes coming, the housing market in Aust will and is CRASHING!<br><br>Praise the Lord
$100?! try $120+ the price has been kept down by the release of reserves. once reserves are depleted, there will be nothing to keep the price down
With cost of living crisis effecting all Australians, WHY is Albanese and Labor TAXING Australians to DEATH and giving Billions of our taxpayers dollars as grants to corrupt Pacific Islands politicians? <br>VOTE ONE NATION
How hasn't the global supply stabilised? ..we haven't relied on Hormuz for 6 months now... What a joke...
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The poor get poorer and the rich get richer,get rid of Trump get cheaper fuel 🙂
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