Oddbean new post about | logout
 I pay less and less attention to what seems more and more obviously central bank funded propaganda

BUT 

Just in case you're wondering, our cost of capital overlords here in Australia are happy

They can use their own incentive-missaligned statistics to tell us how happy we should be that "price pressure" is easing

"The headline inflation rate fell to 2.8 per cent in the third quarter of the year, a 3.5-year low"

Remember: this is compounding, plus excludes most of the things you actually want to buy

Every asset you own must be measured in purchasing power, not your local fiat currency

Miss this step

And you have no idea what your wealth even is

https://www.abc.net.au/news/2024-10-30/inflation-australia-third-quarter-cpi-interest-rates-rba/104535382?utm_source=ActiveCampaign&utm_medium=email&utm_content=RBA%20holds%20cash%20rate&utm_campaign=2024-RBA-November-Hold-4%2035