While the race that stops a nation will have the eyes of Australians everywhere today, another decision drawing just as much interest has been released.
In the Reserve Bank of Australia’s (RBA) November release – which happens to coincide with Victoria’s Melbourne Cup Day – Ben breaks down our seventh consecutive rate hike from the data behind this decision to how can we, as consumers, can curb interest rates.
And, of course, it’s not a monthly RBA update unless it’s jam-packed!
We’ll hear Ben explain the headline changes (and 2 of his biggest disappointments) in Australia’s newly “reprioritised” Federal Budget, the darkening outlook on global growth, and his observations – and future forecasts — for our Property Market.
Another gigantic episode that sees Australia continue to balance the tightrope between economic growth and inflation, tune in now!
Plus Ben unpacks these key themes in this month’s economic update:
- Global growth outlook continues too sour
- The RBA is following through on its promise, because we continue to spend too much…
- Politics is a mugs game – there is just one problem – they control the economy
Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in.
Plus, Ben also includes his latest news and commentary on…
👉 The International Monetary Fund: “The worst is yet to come”
👉 What we, as consumers, need to do to halt interest rates
👉 The US hikes its rates, but why Australia won’t reach these levels…
👉 China & Europe’s continued economic struggle
👉 Australia’s inflation surges to highest annual pace in more than 32 years
👉 Our “reprioritised” Federal Budget & it’s key changes
👉 Why the new Government’s solution to Housing Affordability has a thumbs down from Ben
👉 Has rising rates really stopped our spending?
👉 Ben’s past month prediction, future forecasting, and how to avoid getting swept up in a fearful market sentiment.
Plus much more!
Additional free resources:
And One Final Word…
If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log in to your Money SMARTS Platform here and update the numbers.
Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.
DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.
The Property Couch, its employees or contractors do not represent or guarantee that the information is accurate or free from errors or omissions and therefore provide no warranties or guarantees. The Property Couch disclaims any and all duty of care in relation to the information and liability for any reliance on investment decisions, claiming the use or guidance of this publication or information contained within it.
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