#264 - Did The RBA Just Wreck Australians?

In this episode, Lloyd James Ross discusses the recent government policy allowing 5% deposits for home purchases, criticizing it as a misguided attempt to alleviate financial pressure on mortgage holders. He argues that this short-term solution could inflate housing prices further, trapping young people in long-term debt. Ross emphasizes the dangers of cutting interest rates to avoid recession, warning that it may lead to entrenched inflation and a decline in national wealth. He also highlights the alarming July inflation data, indicating a rise in the Consumer Price Index (CPI) and its implications for the economy. Tune in as Ross shares insights on navigating financial challenges and achieving financial freedom.

Want to achieve financial freedom and build lasting wealth? Get the strategies you need—grab your copy of Money Buys Happiness today: http://moneybuyshappinessbook.com

Follow Lloyd:

https://www.instagram.com/lloydjamesross/?hl=en

https://www.linkedin.com/in/lloyd-james-ross-87818129a/?originalSubdomain=au

https://www.facebook.com/5stepstomillions/

https://www.tiktok.com/@lloydjross

https://x.com/lloydjamesross

Timestamps

[00:00:00] Introduction

[00:00:42] Property bubble and inflation concerns.

[00:04:20] Housing market inflation and challenges.

[00:08:13] RBA's catastrophic rate cut decision.

[00:10:32] Stagflation and economic consequences.

[00:14:38] Immigration and economic sustainability.

[00:17:52] Inflation and RBA rate discussion.