Speaking to the ABC, Mr Lowe said he expects inflation to reach seven per cent by
Christmas and will do what’s necessary to get it back within a two-to-three per cent band.
Amount of family debt and Labor/Green nutter alliance as interest rates skyrocket.......This will be bad. But......Labor has a plan.
Suggests to me that the Reserve Bank of Australia's Governor Philip Lowe hasn't got the first clue what he's doing.
Hey Phil, why don’t you get in touch with Robert Gottliebsen, he seems to have a good handle on things economic. He was talking about rising inflation and interest rates to come back in Feb 2021 due to his ability to read what was happening in the US and it’s impact on Australia
TimSmithMP He doesn't know much about the financial markets either. He told everyone RBA will not raise rates until 2024 not long ago.
TimSmithMP He needs to resign. He should have started to increase the cash rate 12 months ago but didn't. He is part of the problem not part the solution.
TimSmithMP Woke Philip Lowe, what a disaster
TimSmithMP Incompetent
The previous govt didn't pull the levers to get order into tbe economy. The RBA only has one lever, interest rates
Documentary... North Korea the mole. Eye opener how these bastards really opperate
The Reserve Bank didn't take note of surge in consumer spending post Vic lockdown 2020 It should had watched NSW Vic post lockdown boom in Nov 2021 by physically surveying retail and house prices in real time It only was aware in May22 using out of date stats as usual
He knew when, at time LNP was in power. Now with ALP government he doesn't know , not even contional date to set a target. Reserve Bank reserved for LNP only?
Cause he isn’t stopping inflation he starting a recession!
Same prick who was saying they wont rise until 2024 guys a clown….serious.
The Goldsmith's Tale. The 15th century Bavarian story illustrating the inevitable consequences of endless money printing (7 mins):
Yes he does he and the government have it all worked out
When people start losing their houses who will buy them? Will multinational corporations start buying up houses in Australia?