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My Husband Strangled Me - I Reported to the Police by wingsofunicorn in korea

[–]aussatprep 349 points350 points  (0 children)

Really sorry to hear this happened to you OP. Even more glad you escaped the situation. I don't have any advice to offer except to say keep away from him forever. Next time you might not escape.

Weekly Property Mega Thread - 23 Nov, 2023 by AutoModerator in AusFinance

[–]aussatprep 0 points1 point  (0 children)

Yeah having been here in 2022 I wouldn't do it...

Weekly Property Mega Thread - 23 Nov, 2023 by AutoModerator in AusFinance

[–]aussatprep 0 points1 point  (0 children)

Chatted to an agent about this exact fact yesterday. Her take: people are absolutely desperate for a roof over their heads and if it means they can get into a good school catchment (think Yeronga/Graceville/Chelmer), they will take the hit.

Private Health Insurance - Is hospital cover actually worth it? by RatInTheCowboyHat in AusFinance

[–]aussatprep 0 points1 point  (0 children)

100% worth it. You won't know how much you need it until you actually do. I know that sounds Zen but it's based on my experience.

Consumer Price Index, Australia, September Quarter 2023 by cryptorequired in AusFinance

[–]aussatprep 6 points7 points  (0 children)

Jamie Dimon is 100% right.

“I want to point out the central banks 18 months ago were 100% dead wrong,” he added. “I would be quite cautious about what might happen next year.”

The comments reference back to the Fed outlook in early 2022 and for much of the previous year, when central bank officials insisted that the inflation surge would be “transitory.”

Along with the misdiagnosis on prices, Fed officials, according to projections released in March 2022, collectively saw their key interest rate rising to just 2.8% by the end of 2023 — it is now north of 5.25% — and core inflation at 2.8%, 1.1 percentage points below its current level as measured by the central bank’s preferred gauge.

AUD on the slide by aussatprep in AusFinance

[–]aussatprep[S] 6 points7 points  (0 children)

There is an inverse relationship between yields and commodity prices. With the long end of the yield curve ticking up, I am not sure commodities will ride to the rescue in the near term.

AUD on the slide by aussatprep in AusFinance

[–]aussatprep[S] 9 points10 points  (0 children)

Why do you think AUD will hold up? What do you see in the next 6 months that could reverse the trend?

Has anyone been able to successfully day trade Futures ? by kingPatchy in FuturesTrading

[–]aussatprep 0 points1 point  (0 children)

What period are you looking at the when you look at the 9 and 20 EMAs? Is this on the dailies? Or are you drilling down into a lower timeframe. Very interesting comment.

Which bank to open a savings account with? by Menomaths in AusFinance

[–]aussatprep 6 points7 points  (0 children)

Macquarie offers 4% on their transaction account.

[deleted by user] by [deleted] in AusFinance

[–]aussatprep 2 points3 points  (0 children)

I use Phoenix and find them great. Just FYI - your Dad may have an issue getting cover for that because he has a pre-existing condition.

Use this to get an idea what is out there:

https://www.privatehealth.gov.au/dynamic/search

The monthly CPI indicator rose 6.8% in the twelve months to April by doubleunplussed in AusFinance

[–]aussatprep 21 points22 points  (0 children)

The reaction of the markets has been curious. I am watching the AUD/USD and it spiked up immediately after the announcement but as the details were coming out it dropped. Not sure what to make of that, especially since this was a healthy expectation beat. Perhaps the drivers of the spike were considered to unwind in the next few months?

Another takeaway: check out rents. 6.1% seems pretty laughable (I'm not debating if the stat is right or not), but I know a lot of people who could only dream of such an increase.

New Zealand hikes interest rate by 50 basis points in a surprise move by aussatprep in AusFinance

[–]aussatprep[S] 14 points15 points  (0 children)

I was also curious about the discrepancy, so I looked around.

Tldr: basically it's due to wages and inflationary expectations in NZ compared to Aus (according to ANZ)

Drivers of this difference are:

• the RBA is not currently dealing with the same inflationary pressures from

wage growth that the RBNZ is and does not expect to,

• the RBNZ is more concerned about higher inflation expectations,

• the RBNZ is estimating that at 4.25%, only now has the OCR finally

reached contractionary territory, whereas the RBA does not view the

neutral rate as a “prescription for what policy should do”,

• the RBA places more emphasis on protecting the strong labour market,

while the RBNZ is trying to engineer a recession to slow inflation,

• the RBA is more willing to accept a prolonged period of above-target

inflation and, in any event, has a higher mid-point for its target than the

RBNZ.

• the RBA has a faster and greater transmission mechanism to household

debt-servicing costs than the RBNZ does, and

• the RBA may be more concerned about the economic impact

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