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Was Andrew wrong? Is Smartpay (ASX: SMP) a buy, opening an SMSF, China v America

Australian Investors Podcast

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The RBA's Rate Hikes Continue to Grow

The market fell about 1%, mainly because no one was expecting another rate hike. Average mortgage repayment has doubled in a period of 12 months, which is just crazy when you think about the impact of that. I'm not sure whether they're just trying to catch up with New Zealand - it's at 5.5% or the US, which is close to 5%. But we hit 4.1%, which turns at average more than a million people.

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