Financial Insights & Updates - August 2022

Welcome to the August issue of Financial Insights and Updates. 

A sharp increase in inflation caused by rising costs of fuel, food and transport has sparked talks of an economic phenomenon associated with the 1970s and early 1980s: stagflation.
 
As war in Ukraine drives up the prices of commodities such as wheat and oil, exacerbating what is already a trend of rising inflation in much of the developed world, bank traders and other market commentators have highlighted stagflation as a potential global risk. And central banks don’t have the measures left in their kits to remedy the risk if growth stalls.

Our article ‘What is stagflation and what happens if it comes back?’ provides an explanation of stagflation and its potential impact on Australia - a must-read supplementing the video.
 
Other interesting articles this month include ‘You can break the pay-to-pay cycle’ where you might find tips to apply to your spending, and ‘Role-reversal - When parents are relying on you’ which deals with the delicate topic of aging parents who might need, but not necessarily want, help from their loved ones.

In signing off, please remember that we are always available to answer any questions or queries you may have and to come speak with us before making any major investment decisions.

Warm regards,

The Team at Savanna Pride

What is stagflation and what happens if it comes back?
Australia has enjoyed several decades of low inflation, but this has not always been the norm. The resurgence of inflation over the past few months has raised the possibility of wider economic problems if it is not... Read More

How small business owners can prepare for tough times

Owning a small business gives us control over the products or services we sell, who we recruit, what we earn and, if we're lucky, even when we take holidays. Having the power to make decisions over our commercial life... Read More

You can break the pay-to-pay-cycle

Now and then, Jodi borrowed $100 from her parents. She’s good for it, and always paid it back, but her situation was not uncommon. 5.9 million Australians live pay-to-pay. A study by Deloitte between... Read More

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