Australia Lowers Rate to Historic Low of 1%

The Reserve Bank of Australia has cut the official cash rate for the second month in a row to 1%. As we head into the turning point of the Economic Confidence Model come January 2020, the unemployment rate increased to 5.2% in April. GDP growth remains very low at 0.4%, wage growth is sluggish, inflation is well below target, and retail sales are struggling. None of this will change until after the ECM turns as people begin to see that central banks are incapable of managing the economy.

Latest Posts

Market Talk – May 17, 2024

ASIA:   “Market Talk” will be temporarily postponed until June as our staff redirects efforts toward the London Seminar. Tickets to the seminar, both virtual and in-person, are still available [...]
Read more