...meanwhile, inflation gallops away - Aussie Stock Forums

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  1. #1
    Rotaredom wayneL's Avatar
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    Jul 2004

    Default ...meanwhile, inflation gallops away

  2. #2
    Uncle Festivus's Avatar
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    Jan 2007
    Blue Mountains, NSW, AU
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    Default Re: ...meanwhile, inflation gallops away.

    Between a rock and a hard place comes to mind for Copter Ben & Mr Hanky Paulson! Stagflation?
    Humanity is just a discretionary ponzi scheme

  3. #3

    Default Re: ...meanwhile, inflation gallops away

    Its nearly funny ...... All these Interest rate slashes getting our American cousins a good ol dose of Inflation (a nice combination with falling asset prices), yet Interest rates on mortgages are rising

    NEW YORK (CNNMoney.com) -- Lowered expectations for a recession led to a lift in mortgage rates this week, Freddie Mac reported Thursday.

    The government-sponsored loan buyer said the rate on a 30-year fixed-rate loan rose to an average 6.11 percent for the week ending Dec. 13, from 5.96 percent last week.

    At this time last year, the 30-year fixed-rate mortgage averaged 6.12 percent.

    So weve seen something like 2pc in Fed cuts translating into .01pc on the 30 year rate, this is just a glorified bank bail out surely ?
    May Peace Be With You

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