Money & Chill(flation): What in the market is going on?!

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Australian Finance Podcast 41 min 4 speakers 8 chapters transcribed 3 months ago
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What is the current state of the economy and inflation?

Owen 0:00
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Owen 0:45
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Owen 1:26
This podcast contains general financial advice only. That means it's not specific to you, your needs, goals, or objectives, so don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer, and link to our financial services guide in the show notes. Welcome to the podcast, ladies. Money and Chilflation. Maybe we can start with a joke, and Monique, you can be the judge. Kate, you've got a joke. You just give us a score out of 10, and I'll start with mine. My joke is this. I read it on Self Wealth Live last night, Kate. I just read a stock market report. Helium was up. Feathers were down. Paper was stationary. I got a bit of a laugh there.
Monique 2:08
A little bit.
Owen 2:09
Okay. Out of 10, what do you give it?
Monique 2:11
Well, I'll give it like.
Owen 2:12
Come on. Helium was up. Just remember this. Feathers were down. Paper was stationary. And it relates to finance. I got to get bonus points for that.
Monique 2:19
I'll give it a seven because you have room to grow.
Kate 2:22
It was a very logical joke. It wasn't as funny.

How can personal finance hacks help during inflation?

Kate 2:25
Okay, good. I'll give it a two.
Owen 2:27
A two. Thankfully, you're not voting in this. You have to come up with another joke.
Kate 2:31
I'll be next month's joke.
Owen 2:33
Okay, next month's joke. Does that mean I win this week?
Kate 2:35
Well, my joke recently is not an investing one.
Owen 2:38
Oh, it's okay. You can use that.
Kate 2:39
Okay. What did the drummer call his twin daughters?
Owen 2:42
Please tell me.
Kate 2:43
And a one and a two. Boom, boom, boom. Anyway, we're getting worse.
Monique 2:49
Definitely a 10.
Owen 2:50
Definitely a 10. Well, that's because you go to gigs every week. Okay. So, we're back for Chillflation. This week, this month, once a week, we will sit down with Monique.
Kate 2:59
Once a month, hopefully.
Owen 3:00
Once a month. Monique, our producer, who's normally behind the camera, behind the mic, you can get in front of the mic and say some things and share some of your money wisdom with us. And these are going to be a bit more laid back. So, we're going to talk about inflation and the economy. A lot of people are freaking out. And then we're going to bring in some of our own kind of money or investing hacks.
Kate 3:21
Sound good? Yeah. Yeah, and I thought just talking about how we're looking at our own investing approach at the moment and staying calm with everything going on because the headlines are a bit scary as we've been talking about a bit recently.
Owen 3:32
Yeah, it's super scary. And by far the most important thing on people's mind is inflation. We had Dr. Sam Wiley on the show recently. He was great at explaining how it all works and how it all comes together from like a big picture perspective.
Kate 3:47
And even what causes a recession.
Owen 3:49
Yeah, what causes it to. So just so we know, let's get some definitions out of the way.

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