Over the next 2 years, I think we’ll see multiple new hiking cycles from the RBA.
Sticky inflation, housing pressure, energy costs, and government spending are all keeping inflationary pressure alive in Australia.
Here’s something controversial…
Australia needs to go into recession. We need to hit the reset button.
We have high inflation ✅
No real wage growth since 2016 ✅
Unparalleled government spending ✅
Our housing market struggles to keep up with current immigration levels ✅
Labor, the Coalition and One Nation all just voted against an amendment I put up to call on the Government to get a fair deal on the sale and export of Australian gas by instituting a 25 per cent tax on LNG export revenue, which is estimated to generate $17 billion a year.
They're running a protection racket for the gas industry rather than standing up for Aussies.
*Senators Lambie, Payman and Thorpe were unable to attend the vote for personal reasons.
Earning an additional $10,000 can be far more achievable than saving the same amount through cost-cutting alone.
Once this shift in mindset is understood, it can significantly accelerate long-term financial progress.
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