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Greenpastures advises the RBA (Reserve bank)

  1. greenpastures

    5,769 Posts.

    If interest rates rise tommorrow, it will be (IMHO) the second BIGGEST MISTAKE that the RBA may have made recently on the basis of possibly popularist but VERY ignorant lobby pressure. The first mistake IMHO was the last rise.

    Greenpastures big picture XGP index continues to decline (as expected & posted publically many times). No hint of a rise of confidence at this time even after todays update and after conflicting economic statistics. Further, the commerce end of town supports my views and also warns RBA to not be FOOLISH.

    XGP index = sum of all stocks (1324) trading on the ASX (a snapshot of the broader economy) without discrimination or favour.

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