RBA Naps. INFLATION Rockets.
- Clifford Bennett, Chief Economist at ACY
- 27.04.2022 09:45 am #stocks , Clifford Bennett has over 36 years of market trading experience and was named the 'World's most accurate currency forecaster' by Bloomberg New York. He has advised some of the world's largest organisations, billionaire investors, and political leaders and spoken at the prestigious APEC summit on reserve currency issues. Clifford is the Chief Economist at ACY Securities.
THE FEDERAL GOVERNMENT NO LONGER HAS A GOOD ECONOMIC TRACK RECORD. ALP VICTORY ASSURED BY INCOMPETENT RBA. Too late now has to be aggressive.
Stephen Koukoulas is out with a very similar forecast to ours.
40 points to 0.50% next week. Stephen thanks then to 3.00%. We think it could be a little higher at 3.25% in 12-18 months.
Bill Evans at Westpac has joined our ACY forecast of an immediate move to 0.50% as well.
Inflation at a 20 year high of 5.10%. It was a big jump and will keep jumping like the proverbial kangaroo again and again and again.
The RBA will act like this is a surprise. Everyone else could see it. We were saying what the entire market is now saying back in June 2021.
The Federal government no longer has a good economic track record. The last couple of years have just been made of extreme over-stimulus and a stupid RBA that was allowed by government to be incompetent.
All for the sake of winning votes in the short term.
My forecast remains an ALP win. I forecast Morrison last time when no one expected it, but this time... not a chance.
Clifford Bennett
ACY Securities Chief Economist.
The view expressed within this document are solely that of Clifford Bennett’s and do not represent the views of ACY Securities.
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