Mojo ♻️ · @mojo
312 followers · 1395 posts · Server aus.social#InterestRate in #Australia averaged 3.84 percent from 1990 until 2023, reaching an all time high of 17.50 percent in January of 1990 and a record low of 0.10 percent in November of 2020. Australians aren't the only ones facing rising interest rates. Here's how other countries compare.
EV not Petrol · @samhkennedy
273 followers · 326 posts · Server aus.social
Int rate rises don’t impact the people that have equity so the RBA only tool: ‘interest rates’ won’t work.
So this gov. is going to have 2 interest rate increases and recession by Xmas, and it will be on them. #auspol #interestrate
https://theconversation.com/two-more-rba-rate-hikes-tumbling-inflation-and-a-high-chance-of-recession-how-our-forecasting-panel-sees-2023-24-208477
Stiofán de Buitléir · @stiofi
125 followers · 2825 posts · Server troet.cafe
Increased #corporate #profits were the cause of nearly half of the #eurozone #inflation in the last two years (IMF data).
So we need, in order of effectiveness a combination of #publicownership , #pricecontrols or at least #windfalltax . Not doctrinaire #Interestrate rises that may well drive the zone into #recession. Again.
#recession #Interestrate #windfalltax #pricecontrols #publicownership #inflation #eurozone #profits #corporate
Steve Brennan · @sjbone
25 followers · 113 posts · Server aus.social#RBA #auspol #interestrate #poverty
Philip Lowe (RBA) disgusts me - he should be sacked. He is crucifying mortgage holders and ordinary Australians in the name of fighting inflation. But the the real drivers of inflation are corporate greed and the profiteering of these and the banks. He is looking after the banks, that’s all this prick is doing and the government is supporting this glaring stupidity. You can’t believe a word Lowe says just look at his track record
#RBA #auspol #Interestrate #poverty
MelbPTUser · @MelbPTUser
27 followers · 150 posts · Server aus.social
Cory Doctorow's linkblog · @pluralistic
41137 followers · 41113 posts · Server mamot.fr
Washington State enacted a 7% capital gains tax levied on annual profits in excess of $250,000, and made a *fortune*, $600m more than projected in the first year, despite a 25% drop in the stock market and blistering #InterestRate hikes:
https://www.theurbanist.org/2023/06/01/lessons-from-washington-states-new-capital-gains-tax/
--
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2023/06/03/when-the-tide-goes-out/#passive-income
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Richard Forrester - 🐦 escapee · @RichForrest2
169 followers · 3585 posts · Server aus.social
#PWC sets the #interestrate #theshovel
https://theshovel.com.au/2023/06/01/rba-only-uses-pwc-to-set-interest-rates/
Richard Forrester - 🐦 escapee · @RichForrest2
136 followers · 2378 posts · Server aus.social
Ethereum #eth · @ethereum
1327 followers · 45170 posts · Server framapiaf.org
From Cointelegraph.com: Why is Ethereum (ETH) price up today? https://cointelegraph.com/news/why-is-ethereum-eth-price-up-today #whyisethereumpriceuptoday #whyisetheruptoday #FederalReserve #InterestRate #CryptoMarket #Inflation #Ethereum #ETHPrice #Options
#options #ETHprice #ethereum #inflation #cryptomarket #Interestrate #federalreserve #whyisetheruptoday #whyisethereumpriceuptoday
Ethereum #eth · @ethereum
1316 followers · 44858 posts · Server framapiaf.org
From Cointelegraph.com: Why is Ethereum (ETH) price up today? https://cointelegraph.com/news/why-is-ethereum-eth-price-up-today #whyisethereumpriceuptoday #whyisetheruptoday #FederalReserve #InterestRate #CryptoMarket #Inflation #Ethereum #ETHPrice #Options
#options #ETHprice #ethereum #inflation #cryptomarket #Interestrate #federalreserve #whyisetheruptoday #whyisethereumpriceuptoday
Ethereum #eth · @ethereum
1313 followers · 44718 posts · Server framapiaf.orgFrom Cointelegraph.com: Why is Ethereum (ETH) price up today? https://cointelegraph.com/news/why-is-ethereum-eth-price-up-today #whyisethereumpriceuptoday #whyisetheruptoday #FederalReserve #InterestRate #CryptoMarket #Inflation #Ethereum #ETHPrice #Options
#options #ETHprice #ethereum #inflation #cryptomarket #Interestrate #federalreserve #whyisetheruptoday #whyisethereumpriceuptoday
Mojo 🇦🇺 ♻️☑️ · @mojo
246 followers · 858 posts · Server aus.socialThe benefit to #banks from #interestrate rises is waning, as #lenders compete for funds and consumers shift billions of dollars from low-interest accounts into higher-interest #savings accounts and term deposits. #ausecon
#banks #Interestrate #lenders #savings #ausecon
PhilRandal · @PhilRandal
493 followers · 2228 posts · Server mastodon.greenBank of England raises UK interest rates to 4%
https://www.theguardian.com/business/2023/feb/02/bank-of-england-raises-uk-interest-rates-to-4?CMP=Share_AndroidApp_Other #inflation #Interestrate
BoE acts to increase inflation. Total stupidity.
Ethereum #eth · @ethereum
1285 followers · 43810 posts · Server framapiaf.org
From Cointelegraph.com: Why is Ethereum (ETH) price up today? https://cointelegraph.com/news/why-is-ethereum-eth-price-up-today #FederalReserve #InterestRate #CryptoMarket #Inflation #Ethereum #ETHPrice #Options
#options #ETHprice #ethereum #inflation #cryptomarket #Interestrate #federalreserve
RJLegault · @rjlegault
26 followers · 46 posts · Server mstdn.ca@David_Moscrop love the close:
The simplistic but intuitive conflation of sovereign and household debt is #misinformation and you also show how #FiscalPolicy can address #inflation by spurring supply. High #InterestRate #MonetaryPolicy is a #GuaranteedIncome scheme for those who have #money while strangling the #economy. The cure is worse than the disease.
#misinformation #fiscalpolicy #Inflation #Interestrate #monetarypolicy #guaranteedincome #money #economy #mmt
Mojo 🇦🇺 · @mojo
55 followers · 59 posts · Server aus.social
I, for one, am choosing to ring out 2022 with a committed #YOLO (“You only live once”) mindset. That’s despite the rather worrying prospect of my #homeloan #interestrate roughly tripling mid-next year (via SMH, bypass paywall by opening link in private tab)
Ethereum #eth · @ethereum
1148 followers · 43135 posts · Server framapiaf.orgFrom Cointelegraph.com: Ethereum risks another 10% drop versus Bitcoin as $15.4M exits ETH investment funds https://cointelegraph.com/news/ethereum-risks-another-10-drop-versus-bitcoin-as-15-4m-exits-eth-investment-funds #FederalReserve #ProofofStake #BitcoinPrice #InterestRate #Ethereum #TheMerge #LidoDAO #Bitcoin #ETHUSD #ETH2.0 #Ether
#ether #eth2 #ETHUSD #bitcoin #Lidodao #TheMerge #ethereum #Interestrate #bitcoinprice #proofofstake #federalreserve
Ethereum #eth · @ethereum
1148 followers · 43135 posts · Server framapiaf.orgFrom Cointelegraph.com: Bitcoin, Ethereum and altcoins hold intraday gains after Fed hikes interest rates by 0.75% https://cointelegraph.com/news/bitcoin-ethereum-and-altcoins-hold-intraday-gains-after-fed-hikes-interest-rates-by-0-75 #FederalReserve #InterestRate #BondYields #Inflation #USStocks #Bitcoin #Dollar #BTCUSD
#btcusd #dollar #bitcoin #USstocks #inflation #bondyields #Interestrate #federalreserve
Ethereum #eth · @ethereum
1147 followers · 43134 posts · Server framapiaf.orgFrom Cointelegraph.com: Surge or purge? Why the Merge may not save Ethereum price from 'Septembear' https://cointelegraph.com/news/surge-or-purge-why-the-merge-may-not-save-ethereum-price-from-septembear #TechnicalAnalysis #FederalReserve #ProofofStake #InterestRate #JeromePowell #Ethereum2.0 #Ethereum #ETHUSD #Nasdaq #Ether #Merge
#merge #ether #nasdaq #ETHUSD #ethereum #Ethereum2 #jeromepowell #Interestrate #proofofstake #federalreserve #technicalanalysis
Ethereum #eth · @ethereum
1147 followers · 43134 posts · Server framapiaf.orgFrom Cointelegraph.com: Ethereum price breaks out as 'bad news is good news' for stocks https://cointelegraph.com/news/ethereum-price-breaks-out-as-bad-news-is-good-news-for-stocks #FederalReserve #Manufacturing #InterestRate #EtherPrice #Investment #Inflation #Ethereum #ETHPrice #Economy #U.S.GDP #Trading
#trading #u #economy #ETHprice #ethereum #inflation #investment #Etherprice #Interestrate #manufacturing #federalreserve