(NEW AUSSIE TECHNOLOGY WILL BE USED DURING DISASTERS)
September 20, 2024
Hello everyone
Well, the rate cut show is over.
The number was 0.5 basis points.
Some will think the Fed was late in its policy reaction.
The true ramifications of such a move probably won’t be seen until next year.
Then, a whole new pattern of events may show up.
But let’s concentrate on the near term first.
The market woke up Thursday morning with a spring in its step and decided the 0.5% number was a good policy move. Nearly every sector was on fire.
Surely smoother, more gradual rate cuts – starting earlier - would have been a better policy move than an initial big move with the probability of more to come this year. But what do I know. I’m not an economist.
Still, analysts are divided over the medium- and long-term view of where markets are going.
Some see storm clouds developing on the horizon, while others see clear air ahead with occasional turbulence.
We have more labour reports ahead and the U.S. election, which could well create some chop in the markets.
AUSTRALIAN CORNER
Technology to the rescue during a disaster
New technology to help keep Aussies safe and connected during emergency situations will be rolled out in disaster-ravaged towns from this summer.
The NSW government will have giant orange portable cell towers, called Cells on Wheels (COWs), ready to deploy to bushfire and flood-affected areas, which will allow residents and emergency service workers to stay in touch.
They will provide telecommunications backup when existing infrastructure is damaged or destroyed in natural disasters.
Communities will be able to connect to the COWs via Wi-Fi, enabling them to make data calls or to connect to the internet.
Additionally, the COWs are able to connect to each other to expand coverage.
As part of a $2 million contract. Communications company Pivotel is due to deliver four COWs, which will be available to be sent across the state in a matter of hours.
QI CORNER
SOMETHING TO THINK ABOUT
RECORDING OF JACQUIE’S POST AUGUST ZOOM MONTHLY MEETING
https://www.madhedgefundtrader.com/jacquie-munro-meeting-replay-august-2024/
Cheers
Jacquie
