T O P
BuiltDifferant

Like literally we all knew there would be a 75bps hike. As soon as that cuck actually said it the market went down 🥸. He said there will be more hikes. I’m guessing 2 more this year and 1 next year. I don’t think hiking rates will do much for inflation. It’s done fuck all here. For me I buy certain shit. Good yogurt good milk good oats ham bread chicken rice Buy coffee from cafe. My yogurt has gone from $5 a tub to $7.90. Like I’ll probs just use water or some shit yogurt People will stop buying this shit and prices will go down. The only added costs to producers and Grocers is wages, fuel, supplies. Which is fuck all impact. Everyone in the supply chain is trying to increase revenue and profit and just gouge shit to get to their desired income. I just need some cheap Greek yogurt yo times a tuff


BigJimBeef

1kg of Greek yogurt went from $9 to $13.50. Keeping prices low my chafing anus.


BuiltDifferant

I know bro. I’m tryna live the healthy life. The inflation killing my yogurt buying.


kervio

Back when I was living below the poverty line I used to make yoghurt. It was easy and good.


SatansFriendlyCat

"Follow me for more recipes!" - *a helpful Kervio* ..The flair, though.


kervio

I'm not really to be trusted, my comments are just decorative in nature.


SatansFriendlyCat

Always festive, but it's lead paint so don't lick it. Gotcha.


BuiltDifferant

Now you add cyanide….


SatansFriendlyCat

for the lovely almond flavouring!


Call_me_a_noober

I've always wanted to know who figured that out and if they knew what they were getting into in their job description


SatansFriendlyCat

The job was advertised with pay two weeks in arrears. They hired so many and never paid a cent in wages.


nohorncap

Totally getting an airfryer/oven/dehydrator combo oven with the upside of making coconut yoghurt overnight with the dried powder that some folk sell in bulk.


sneakycutler

> Back when I was living below the poverty line Don't worry, JPowell putting you back below it soon 😂😘


BigJimBeef

I'm waiting for shinkflation to kick in. $15 for 1.5kg.


plucky26

>shinkflation shrinking all over place has been happening. I was thinking fast food would be the first place.


BigJimBeef

I think they have ok margins? Restaurants and cafe's maybe.


[deleted]

That’s fucking insane. Mine went from €2.60 to €3.20 in Northern Europe. Aldi brand, but still.


BigJimBeef

What are you doing here if you're in Europe?


[deleted]

I’m Australian, moved here for work last year.


BigJimBeef

Fucking sweet. I never made it much further north then Hamburg. Wait... is Ireland further north?


[deleted]

Ireland is maybe the same. I’m in Helsinki, a bit further north :)


BigJimBeef

Will you get permanent darkness?


[deleted]

Nah, mid December it will be dark from like 3pm-9pm. It won’t get too bright though especially with cloud cover.


BigJimBeef

Cool. Europe is great.


plucky26

>Keeping prices low my chafing anus. 🤣🤣🤣🤣🤣


Zed1088

Are you speaking of the delicious Tamar valley Greek yoghurt?


raindog_

Barambah or GTFO. It's the Lambo of yoghurts.


funbagz999

Yo, just bought their milk, sour cream, yohurt and feta (in brine better than marinated), used to buy their cheddar but not any more. I already checked to see if they are on asx. A 1 cm layer of sweetened fat floating on top of their yogurt, do u scoop up the whole layer and be left with watery yogurt from then on or resist the urge and mix it in


raindog_

Well first up… buy that big tub of yoghurt in the eastern suburbs of Sydney and pay $13. Buy it in a rural town and you pay $8.40. Fuck that’s a Wild difference. Nah… I don’t mix it, the first bowl or two (I have scoops with fruit, nuts, and a protein cookie ripped up) is the thicker shit. And I just let my bowls get more watery as I get through the bucket.


Denominator_K

This guy yoghurts


BuiltDifferant

I do like them. Mainly jalna.


EMHURLEY

I’ll keep buying the Jalna 2kg tubs regardless of the price, I go through one every ten days


BuiltDifferant

There good stuff ay! I know cosco sell the big ones in SA. Might sign up.


coastie_trader

we just switched from organic food to normal. job done. Now, when bear fuk and Lambo delivered?


BuiltDifferant

Damn straight Christmas 2032. I think over time a lot of us will become wealthy. Gotta buy the tips pick the right stocks and get indexes


rattled1315

Dude Aldi 2kg Greek Yoghurt is sitting around $9.50 and it's fucking that much better than the rest EDIT: Fuck Jalna


BuiltDifferant

Haha thanks man I’ll try it out!


plucky26

me 2. aldi here i come.


besttesterer

It's done fuck all because they've barely raised it. It's still at all time lows if you look at the past one and two decades.


BuiltDifferant

Yeah they need to raise it and leave it for a good 6 months then re asses see if inflation has tamed or not. For new home owners it’s a big king hit. I can handle it. But yeah imagine trying to find 200-500 a week out of nowhere.


throw23w55443h

I do wonder how it all would have gone if they began the raising late 2021 a little bit at a time. Right now it seems like panic, and with employment like it is - nobody is slowing their spending. I think 50 in October then a mini one in November, then leave it till Feb - I think January will be really telling with xmas.


Biggchi

Back then the cuck at Fed said that the inflation is transitory.


throw23w55443h

Its wild really, like 75 was 100% locked in with a good chance of 100, and the markets absolutely shat themselves. I do think I should have offloaded some positions in the last 2 months when they were more green and it was clear the inflation was not 'transitionary'. I wish I had more capital to put into this upcoming dip, but ill manage lol


sneakycutler

Often when big institutions or governments make economic decisions which negatively affect individuals, it's usually the poorest who get affected most. I'm assuming you are not 'poor' or below the poverty line. Or anywhere near that. You're Built Different.


BuiltDifferant

I’m built on yogurt. I’m doing well. Yes I am receiving messages from old friends asking to borrow money. So yeah it’s a sign of bad times. The whole rental thing in aus messed that up for them. I don’t see the markets being like this for too long maybe 1 year max. Too many higher ups with 401ks and supperannuations will be affected. From looking at your trades your well above the poverty line 💪


sneakycutler

Our Aussie economy ALWAYS gets a get-out-jail-free card via our commodities; the only developed nation to not go into recession in 08’ Alternatively, it’s gonna be a dark day when our iron ore and other commods are in less demand. Hopefully by then we’ll have built our own thriving industry. Or what the economists call a “competitive advantage”.


zupahorse

Could you make your own, like a yoghurty Greek sourdough??


goonbagscoundrel

Times are tough. Just walk out with it.


Outrageous_Junket817

Spot on


quiksilveraus

He’s not spot on. In fact it’s a pretty short sighted statement IMO. Yogurt going up 15-20% doesn’t just mean his yoghurt. Every day items are going up that single parents, single income families and those with no/less disposable income left after RBA rate hikes need to buy. “The only added costs to producers are wages, fuel and supply” a) wages: layoffs occur. It’s the first place businesses look to save money; unnecessary wages. This = >unemployment. b) fuel: this means products don’t get delivered. Or if they do, they (we) incur double digit % price increases to cover increased fuel, and therefore transport costs. It also means travel expenditure drops = tourism suffers. c) supply: I don’t really know what he/she means by this. I guess see above. It’s really not fuck all impact. Here in Australia we’re pretty lucky. We’re not getting touched up like Europe and the US will going into Northern Hemisphere winter. I was literally just in Europe and saw how precarious it is. However, we will feel it if stocks and economies tank. Tanking stocks there mean people losing super and retirement funds here. It also means people spending less. Another scary thing that he/she is actually right: hiking rates isn’t doing anything to curb inflation. It will help cool housing prices here (it already has). But as long as Russia and OPEC keep playing tiddlywinks with Oil, the economy is just going to keep slowing, regardless of the interest rate. People need to realise this. Our Government can’t help us. IMO if Biden wasn’t printing and then pouring TRILLIONS of dollars into Ukraine, US equities would have tanked by now. It’s far more complicated then just food prices going up IMO. I know fuck all about this shit though so take my comment with a huge amount of salt.


Outrageous_Junket817

Yeah I know, but I needs someone else to write what you have written so I can add. Rising rates won’t help inflation, this inflation is caused by a supply shock ,some bad weather around the world at the wrong time, unemployment going below 5% and the government printing money. But in oz our house prices have gone up due to the banks being a business and they make money when their loan book expands, it was also apra’s fault for change the rules on lending % on top of current rba rates, just before covid happened. I wouldn’t be surprised if this was one of scomo’s doings as he wanted every Aussie to own a house. It’s also on the consumer for being greedy and stupid, just because some says a bank that you can borrow 3 mil to buy a home you don’t have to. I have more but I’m hungry and currently in hospital and it’s a public holiday so I’m off to the cafeteria for lunch.


BuiltDifferant

Supplies to make their end product. If it costs an extra 20c to make a product it shouldn’t be increased by $2-3 Yes it will costs manufacturers and grocers more money. But they are taking the piss.


ReturnChaser

I tested the correlation between Aussie Cash Rate and the AORD index returns using data from 1990 to now, there doesn't seems to be a strong relationship between rate changes and stock returns, no matter what horizon you look at. Here is the correlations between rate changes and stock returns in different time horizons: After Rate Changes: 1Day 0.19 |1Week 0.04 |1 Month 0.1 | 1 Year -0.14 Before Rate Changes: 1Day 0.04 |1 Week -0.02 |1 Month 0.04 |1 Year 0.22 The only two correlation with significant magnitude are positive. For example, it seems that after rate hikes, AORD historically tend to have a positive returns for the next day, here is the scatter plot [https://imgur.com/a/6P0Xtgc](https://imgur.com/a/6P0Xtgc) .


peglegsmeg

I'm doing a poo


kervio

o7 never forget.


alllrandom

How do you think that affects our beloved pennies?


Sorry-Two3692

Going to shit? 😂


fistingbythepool

Another penny spent


TimJongUn11

Me too!


Truck-Deep

Same


Hypertrollz

Don't remind us of log, it is too painful.


Competitive_Copy2451

Well before with super low rates my mortgage repayments were fuck all. I emptied out my entire offset account and had it in stonks. All i had to do was make \~10k p.a returns and i was beating the interest on my mortgage (220k). With higher rates now i obviously want to draw down that mortgage, so i have to sell some stonks. Its either my shitty pennies or safe blue chips, not a hard choice which to sell. Guess I'm a weak paper hand bitch, but ya boy needs to keep a roof over his head.


Outrageous_Junket817

By the sounds of it you don’t work?


Competitive_Copy2451

I work very hard making memes full time thank you very much.


BigJimBeef

You know nothing of work


Competitive_Copy2451

Meme lord forgive me, for I am not worthy.


BigJimBeef

Your sins are forgiven if you perform 2 hail wojacks and post a fresh meme.


Competitive_Copy2451

[It is done my lord](https://www.reddit.com/r/ASX_Bets/comments/xkngm3/hard_choices/)


EMHURLEY

Glad I followed this thread to the end.


PowerBottomBear92

Should have done the same a while ago tbh. Having a variable mortgage is not the best getting absolutely fucked up at the moment and it's only going to get worse


imapassenger1

I paid off my house years ago due to a combo of good financial management (not buying stocks) and a nice redundancy. Am so glad I don't have to deal with interest rate hikes. But I wish I'd bought the odd house back when.


hgttg

I've only got 80k left in mine and these rate rises are making me sweat. I can't imagine having an 800k plus mortgage. Insanity.


kervio

Just curious on your views about avocado toast?


imapassenger1

It's the key to success. Having paid off the house I am now permitted to buy as much as I like. The clarity of mind it gives me allows me to make shrewd share purchases like VML.


besttesterer

Fucking boomers driving up inflation with their iced lattes and avocado on toast


InterestingFile7502

My cats breath smells like cat food


wallyone123

And they were making babies and I saw one of the babies and the baby looked at me.


wheremystonksat

I ate my crayon


BillyZaneTrain

I broke my wookie


imapassenger1

Alf's back! In pog form!


yothuyindi

with the global economy looking shaky as fuck, the "YANK" and "USD" ETFs might be one of the few safe places to see some minor guaranteed green for the bitchmade among us (who still don't want to submit to the Ausfinance savings account bottom of the barrel) [https://www.marketindex.com.au/asx/usd](https://www.marketindex.com.au/asx/usd) [https://www.marketindex.com.au/asx/yank](https://www.marketindex.com.au/asx/yank) outside of that, the individual stocks you pick will likely be even more important moving forward, as general green-sentiment-pumps that bring every dog on the market up with them are probably going to get even more and more rare 😑


BeardFactory

US was cowards for not doing a full 100bp. Guess our markets will only slightly crash


Hypertrollz

There is always next time for a full 100bp. There is something people need to know about JPow. Take a good look at his eyebrows, what do you see? He looks like the Grinch. Cunt's heart is two sizes too small and he is saving that 100bp rise for Christmas. Merry fucking Christmas maddafakkkaaas!


Reginald_Rutabaga

Maybe this is just my perception, but i feel that markets don't quite know how to price in interest rate hikes / information regarding interest rates and inflation. Or more specifically; the market seems to be over reacting constantly at the moment. Both to the positive and the negative. Any remotely bad or remotely good news seems to have an outsized impact. Which I suppose is understandable in these unique times. Things are frothy and markets are trying to find their feet.


YouHeardTheMonkey

Hasn’t there been a massive shift in retail involvement in the past 2 years? More degenerates around to shit their pants and sell or “buy the dip” at every minor news trigger.


SouthWinter9462

Yeah huge, constantly at every movement up or down


DaHairyKlingons

This is the best weekday I've had in weeks. With the market closed, I'm overjoyed to say the bleeding has abated. Unfortunately we await what the US does overnight into Friday to see whether things improve or the ass fudging returns.


skullofregret

I knew IHL would go back to this price. I wish I could go and buy more at the lower prices! *Monkey's paw twists in my hand*


sneakycutler

Correct me if im wrong u/username-taken82, but looking at those graphs, it seems there's no correlation (and thereby nothing one can learn) from those rate hike vs market performance (response). _Sometimes it goes down ... sometimes it goes up_ 🤷🏼‍♂️


username-taken82

Yup, thats pretty much it. Day traders might benefit from studying the short term trends, but by and large it makes fuck all difference. Which is why I find the endless ''*whats the fed going to do with rates?*'' comments so very perplexing... It seems people still find it hard to understand that economies and markets are different things....


sneakycutler

Agree. The disparity is even larger when buying speccies or commodity companies. Despite this year’s volatility, WHC and PLS just hit their ATH’s for example.


AltruisticCurtains

Another interesting article on it here, showing that in most rate rise cycles the markets increase long term. Short term impacts seem to lack a correlation as you say, bar perhaps the day after: [https://www.forbes.com/advisor/investing/how-interest-rates-affect-stock-market/](https://www.forbes.com/advisor/investing/how-interest-rates-affect-stock-market/) Now I can proceed to ignore future rates rise announcements.


NONE_GlVEN

Yeah so true!


Murky-Office6726

What’s today I’m from up above.


Blisser_the_Sniff

Just pulled up at a hotel, something’s amiss, thought commsec was down. I may need to pay attention to the world around me according to her


nohorncap

This I did not understand: yeah, I've got american shares, and yeah, I had sold out of most. There was one that I thought I could safely average down and get out of on tuesday night. I didn't, and I was dreading the worst for last night. Can't sleep, check the stockmarket at around 2am...and GREEN? wtf? So I managed to sell without a loss, but I don't get why the US market wasn't basically what we had yesterday with around 90% of stock in the red the whole day.


Hypertrollz

Insto rug pull perhaps?


nohorncap

for the whole market including apple and tesla? hell of a rug pull!


sneakycutler

Anyone received their BHP divs yet?


Particular_Love_8811

Got RIO but no BHP. It will cum.


Particular_Love_8811

Anyone already t+2 BHP div and is starting to shit themselves?


_Imperator999

Thanks daddy


RTNoftheMackell

\>what impact are these rate hikes having on the stonks we love? Fuck all yet compared to what's coming.


Drswing69

Ass-sume positions....


Particular_Love_8811

The high ground is my pick.