It's like jamming your foot on the brake, having no reaction, then pushing even harder, only to find you've locked up the wheels and you're skidding off the road.
Throughout the entire history of civil society, 5,000 years of commerce, such an idea was inconceivable — until a decade ago. That's why the "normalisation" of interest rates should take years, possibly even decades. It needs to be done slowly, something global central banks recognised last year but, temporarily, appear to have jettisoned in their quest to snuff out inflation.
EMBARGO! I wish to report a poor knowledge of Russian language by Lavrentiy Pavlovich Lavrov, a minister of foreign affaires. He has called Ukrainian negotiators 'colleagues' There must be a misspelling? And can you find an additional irony in this post?
Socialist Poland' economy of the 1980' collapsed , causing a prolonged suffering of the Polish population. Why? According to commentators in 'the know' Poland had , at the time, the best economist in the world!! Sounds familiar?
The RBA just balances the economy, they have nothing to do with how money is spent, it’s really the government’s who creates these problems both LNP and now Labor are actually creating the inflation, the focus needs to be on the Government not the RBA.
. It isn't the RBA's mandate to concern themselves with sending anyone broke. It isn't their role. They are not elected - they are paid employees and should do their job. It is the govt's job to worry about sending people broke & introduce Bill Shorten's policies as a fix. .
First the complaint the RBA wasn't clear on expectations now the ABC muddies the waters. The RBA is not beholden by household debt. Stop telling people things won't get bad because they have a million dollar mortgage. Bad, bad financial advice.
A case of pinning the tail on the donkey. Best wishes. Dear oh dear...
High rates or high inflation, the both roads lead to the same place.
The new treasurer, who did his PhD on Keating, is hoping to break his hero’s record 17% interest rates. Having seen his work under Wayne Swan, I believe he can do it.
Well the 'experts' said not so long ago there wouldn't be any interest rate rises for years. I never listen to economic advisors!
Utter rubbish. The ABC should be sold off. Only ~1/3 of Australians have a mortgage, and of that on a very small % have bought recently (last 2 years). Inflation affects 100% of Australians. Terrible advice from the ABC as always, disgustingly bad day in day out.
Many investors buying in the market as rents rise. 🤔
And two reasons why it will Putin and COVID, but of course it is never because of Western establishment
‘It's not as though we've been out spending like crazy because we've had money burning a hole in our pockets.’ This is exactly what has happened. Easy credit and govt stimulus fuelled ludicrous levels of spending amplifying supply constraints and juicing prices.
Yes, it's all under control.
The finance industry did everything they could to fuel these ridiculous house prices. The government incentives only worsened the problem. It’s time to endnegativegearing
I'm sure plenty of these countries thought they had it under control to....until they didn't.
Maybe they won't hike as hard, but if they don't the cost will likely be higher inflation again. I think the damage has been done and we'll have to take the medicine one way or another, pick your poison.
Strange photo attachment. Obviously a new subdivision. Packed in like sardines. All built on top of each other and none of them have a backyard? A property developer's dream not the great Australian dream is what that photo amounts to? Yet people keep buying.