Tag: interest rates

Fight against Fake News, Fighting Fake News

Old Dog Thought- When News is Commodified and a Corporatised product to sell how do we become informed voters needed for Democracy?

Fighting Fake News with REAL 31/10/22, Newspeak Words & Meaning, Gas, Interest Rates, Pelosi Attack, Twitter & Musk, Trump’s Comments,

Banking

Goldman Sachs sees Fed rate peak at 5pct – Michael West

Goldman Sachs Group Inc’s economists say the US Federal Reserve could bump up interest rates to as high as 5 per cent by March 2023, 25 basis points above its earlier predictions, Bloomberg News reports.

Source: Goldman Sachs sees Fed rate peak at 5pct – Michael West

Informed Comment

Michael Pascoe: Reserve Bank independent or in Frydenberg’s pocket?

reserve bank

 

If the Reserve Bank does not increase interest rates on Tuesday, it will be perceived as having surrendered its independence, the governor in Josh Frydenberg’s pocket.

Source: Michael Pascoe: Reserve Bank independent or in Frydenberg’s pocket?

LNP Economic Management, Uncategorized

Coronavirus contagion spawns climate of panic on share markets – Analysis & Opinion – ABC News (Australian Broadcasting Corporation)

Debt is the time bomb but those that aren’t in debt will be made to pay just as they did in the GFC (ODT)

via Coronavirus contagion spawns climate of panic on share markets – Analysis & Opinion – ABC News (Australian Broadcasting Corporation)

Banking

Credit card interest rates are too high but we only have ourselves to blame

In 10 years the average low-rate card charge has gone from 10.8 per cent to 12.7 per cent.

If the Reserve Bank’s official cash rate is 1.5 per cent and you can borrow for a home at 4.4 per cent, why are credit rates as high as 21 per cent?

Source: Credit card interest rates are too high but we only have ourselves to blame