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
btcclub / BTCCLUB
npub1kj…8cgsm
2024-05-08 00:23:21
Author Public Key
npub1kjsnzq3gf0tg08tnxzkvezeuy2rc6lnxn8uukqh795dyfhgyhmhse8cgsmPublished at
2024-05-08 00:23:21Event JSON
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"content": "RBA interest rate hold again yesterday, freezing the cash rate at 4.35%.\n\nThree-year high on mortgage arrears.\n\nThankfully the country has propped the housing market with record migration, up 695,000 in 12 months.\n\nHow to tackle inflation?\n\nKeep interest rates above 4%\n\nOpen flood gates to migration\n\nContinue to print money at a rate less than the GDP income surpluss of the migrants?\n\nIf the GDP per person is $66,589.05, we can expect the migrants to generate $43.785 billion dollars for Australia. \n\nRBA printed $50 Billion between June 2023, and April 2024.\n\nInteresting.\n\n\n#Australia #austriches #ausrich #australiaisonfire",
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