Well, we’re one week out from the next big day and, interestingly, the EZFKA media has been rather restrained and quiet.
Typically by now we’d have have a reasonable sprinkling of “woe is we” stories about mums and dads who are struggling with their mortgage and have had to cut down their Marley Spoom dining to 3 nights a week from 5, how house prices have stopped rising and are at risk, rising to a screeching crescendo of “everybody hurts” early next week.
Instead, we just have weak sauce like this from Billy Bennett:
(Apparently scrawling crappy articles while he waits for his modelling career to get going, https://www.smh.com.au/money/saving/it-s-a-lowe-story-shaking-off-inflation-just-got-harder-20230626-p5djhn.html)
Have the “interest rates are going to stop rising/interest rates are about to fall” hopium finally been shaken out of the desperate cheap money addicts with Phil’s last hike?