Post by
cleareye on Jan 20, 2022 3:23am
RBA makes money during upheavals
An auction company loves the economic upheavals. It makes money as one company buys the equipment of the last company that went under.
RBA is pulling higher again, during the omincron and related government germinated upheavals.
Inflation drives selling prices higher and sales percentages increase. Inflation in equipment is higher than the "7%" construct of government reports. More like 30% of the housing market.
So, it looks like RBA is building another wave up.
cleareye.
Comment by
Abruzz0 on May 10, 2022 5:33pm
Nicely summarized, Cleareye. The Q1 results reflect your analysis very well, especially when we compare it to the pre-COVID years. The >10% gain today is warrantied because the economic turmoil is far from over.