A.I.M. Users Bulletin Board

[Neil Scott]

All Ordinaries thrashed again.
A day of red ink on the other side of the planet.
I think the thing that scared the horses was a disembodied voice from the Reserve Bank saying inflation was still on the rise and so interest rates would have to go up again after just rising in February.
We are already at 7% and it looks like we might be going higher by the middle of the year.
House prices seem to be rising faster than ever, up 20% for the year in Adelaide, idiotic.
Paper money must be devaluing at an ever increasing rate, the world powers are doing a good job of stuffing up the financial systems.
Hang onto your gold.

Regards

Neil