Re: It's Early, But Will You Have for Dinner Tonight, Thursday, 11/14/2024?

Bruce wrote:

Do you think Donnie will make beer and Magnums cheaper?
 

Do you ever think about hyper-flation in your own bolthole of a nation?
https://www.themercury.com.au/business/economy/could-take-decades-horror-recession-warning-facing-australia-after-12-brutal-interest-rate-rises/news-story/08844abe567d06e1dd38f4756bbbe9f4?utm_campaign=BoostedContent&gad_source=5&gclsrc=ds
Horror recession warning facing Australia after 12 brutal interest rate rises
Things are going from bad to worse for the economy thanks to 12 brutal rate rises and skyrocketing inflation – and it could take years to fix.
For the economic boffins at Martin Place, the preferred inflation metric is the trimmed mean, which strips out the volatile items, the top 15 per cent and the bottom 15 per cent, in an attempt to get a better picture of how broader inflationary pressures are performing.
On this metric, Australia’s progress compared with the UK and other nations has been less favourable.
Since peaking in the December quarter of last year, it has declined from 6.9 per cent to 6.6 per cent. Positive progress to be sure, but a long way away from showing a reasonably swift path back toward the RBA’s 2 per cent to 3 per cent inflation target range.