Australia just raised interest rates today. RAISED them.
Every other developed economy on earth is cutting
๐บ๐ธ cut
๐ฌ๐ง cut
๐ช๐บ cut
๐จ๐ฆ cut
๐ณ๐ฟ cut
๐ธ๐ช cut
๐จ๐ญ cut
๐ฆ๐บ hike
The RBA cut rates 3 times in 2025 then did a full U turn less than 6 months later. Itโs the first major central bank to go from cuts back to hikes since Covid
why? Our government spending is at its highest since the 80s.
So the average aussie with a $700k mortgage just got hit with an extra $105 each month; and banks are already forecasting ANOTHER hike in May
Our government spends like money is free and then Aussies pay the price
We are so cooked.
Fock me! McLaren are genuinely the biggest bunch of wankers Iโve ever seen. I sincerely hope Max takes the championship as these losers donโt deserve it! Onto Abu Dhabi now.
Guenther out.