Australia Surprises With Rate Hike; Currency Jumps
Australia Surprises With Rate Hike; Currency Jumps
Australia’s central bank surprised markets by raising its key cash rate to a two-year high of 4.75 percent on Tuesday, saying a modest tightening was needed as a pre-emptive strike against inflation.
As we have been talking about inflation coming many months ago, why would you be so surprised. Commodities are skyrocketing, metals are too, and they are leaving the hallmarks of the beginning of inflation that will be here soon. In the grand scheme of things the lies are slowly unraveling so it will be interesting to see what happens at the elections and see if our forecasts from AUGUST Here proves true.
We feel that it is a constant barrage of the good verses evil out there. Many people are slowly waking up to what has been going on all these years, the creating of debt, deflation, stock manipulation, but these are just a sign of the times. Greed, lies, cheating and living a life of sin can be quite fun and enjoyable….but as the saying goes. All good things must come to an end. That is why it quite obvious to see many changes coming to many of the strong super power economies around the globe. There is a shift of equilibrium, and it even surprises us at how fast and strong this is coming forth.
