With the ASX having hit its lowest point since December 2020 earlier this week, and housing prices in major cities taking a turn, experts have stated that we may have entered a period of stagflation. This is often a good indication that a recession is on the cards.
America has officially entered a bear market and we will most likely follow suit, especially under the current government’s economic approach of either cancelling everything (even, electricity!) or spending everything…
The RBA, along with all of Australia’s major banks, have increased interest rates more than they have in over 20 years.
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