News: Australia’s annual inflation rate slowed in the first quarter to the weakest pace in 18 months as the nation’s first recession in almost two decades deepens. The consumer price index increased 2.5 percent from a year earlier, after gaining 3.7 percent in the fourth quarter.
Bottom line. A downswing in the business cycle forces inflation to decline ... everywhere. Even in Australia. Lower inflation will keep interest rates from rising. And this is good news for investors.
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs. I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. George Dagnino, PhD
Editor, since 1977
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