With Travel between Hong Kong and Singapore raising 40% are we seeing the beginning of Hyperinflation?
It appears Quantitative Easing is starting on Thursday.
West Australia has announced a $600 million stimulus package.
Government Considers Further Economic Measures.
The stock market has crashed by 7% at the open.
The Federal Reserve has slashed its cash rate by 100 bps.
#Stimulus #Economy #Spending With calls for a return to Rudd era direct government stimulus, it is worth looking at the broken window fallacy and asking whether our current housing affordability crisis may be in part to blame on Rudd? Reference Australia’s Uncreative Destruction https://mises.org/library/australias-uncreative-destruction
#RBA #Recession #QuantitativeEasing The RBA might deploy extreme measures to help stimulate the economy. References ‘We’re almost out of ammo’: Reserve Bank considering ‘extreme measures’ to save the economy https://www.news.com.au/finance/economy/interest-rates/were-almost-out-of-ammo-reserve-bank-considering-extreme-measures-to-save-economy/news-story/cf5a1247f66ea014db045e815b67f89f