Reading Time: 2 Minutes What’s up everyone! So yesterday the RBA cut its official cash rate by another 0.25% W00t!!! This drops it down to 3.85% and marks the 2nd cut in its current easing cycle which sees the nation’s official cash rate drop from 4.1% to its lowest level since May 2023. The decision was influenced by a combination of moderating inflation and emerging global economic uncertainties (aka Trump “cough cough”). The consumer price index, a basket of goods involving goods held in a basket, is a measure of inflation as experienced with consumers in their daily living expenses, dropped down to 2.4% which is in the RBA’s target…
-
-
Catching Up
Reading Time: 4 Minutes Hello all, It’s been a couple of weeks between posts! Truth be told the hiatus is mainly because we are dealing with a few matters in our personal lives at the moment. But nothing, and I mean nothing stops this juggernaut of a blog. Even if judgement day comes, and woe is upon us – this blog and you dear reader, will be at the forefront of my mind. So gee… a lot of catching up to do in the last month or so aye? WHAT A WHIRLWIND IT HAS BEEN. I thought it be best to try and do a short blurb of every notable…
-
Lessons from 150 years of Stock Market Tumbles
Reading Time: 2 Minutes I read an interesting article this week on lessons learnt through 150 years of stock market crashes. Albeit the article was skewed towards the US stock market, I still feel like the lessons are pertinent across any asset class. Especially as how the markets these days are looking CHOP-PEI to say the least. It also reminded me that it’s now marked 5 years since the depths of the COVID crash. 5 years… wow. Life’s certainly changed since. But enough nostalgia, let’s look back fondly on all the market crashes in the last century and a half: I think the main lesson is quite evident here, just…
-
The RBA Cuts Rates!
Reading Time: 2 Minutes OK, so I was wrong. The RBA DID cut rates today. Thank FORKING goodness for that aye. At 2:30pm, Governor Michele Bullock announced a 25 basis point reduction in the official cash rate, bringing it down to 4.1%. This marks the first time rates were cut since 2020, in what has been an escalating series of rate RISES since. To keep things in perspective – here’s a historical chart of the cash rate going back about 35 or so years: See that lil downtick of the worm at the end? That’s where we are today. Why Did They Cut? Firstly – inflationary pressures and weaker-than-expected economic…
-
Is The RBA About To Cut Rates?
Reading Time: 2 Minutes Shh… we don’t want to jinx it do we? Jinx what? Well, the RBA might, just might be considering cutting their headline interest rate next week. Oh! Oh indeed. Mark down next Tuesday Feb 18 in your diary, as that’s when the next scheduled RBA announcement is. Are we going to finally see some relief? The Big 4 banks certainly think so, with all 4 of them predicting an interest rate cut and a reduction in their fixed rate pricing. It’s a sure sign that they feel confident of a rate drop. Although there are still some market analysts who are calling for rates to remain…
