Gross professional misconduct RBA, they have no idea how we got here or where to go from here.. and there is very little they can do to keep us away from the next ice berg..
Banks wouldn't pass on a rate cut...
I don't know a whole lot about all this but that sounds like a really bad idea. Are you sure this isn't just hyperbolic journalism?
Yep. AUD going toward 0.60. Property defaults to rise. Banks heading o/s for funding. RBA between a rock and a hard place but will need to go QE eventually and suck up their 2009 arrogance. Australia yet to have it's real GFC.
I can’t understand why the Liberals aren’t hammering Labor over the franking credit issue at every opportunity. I wonder how many people who never intended to go on the part or full pension may go on it if this policy is enacted.
What has lowering rates done so far nothing
Let the rich fail. Stop propping up a crap structure. Let the chips fall when the owners lose. It's 'their' market competition ideology after all. We will adapt, overcome. Socialism for the rich sucks. Let the rich deal with the brutal capitalism they wanted and lobbied for too.
Getting ready for Shortens 50 per cent emissions cut, open borders and 50 thousand illegals he will borrow 1/2 a trillion dollars to support ! Hasn't even began to pay Rudds debt yet ! And hes gonna steal my Franking credits too ! Or is the whole headline more ABC bullshit ?
No point dropping interest rates because anybody with any sense pours as much as they can into paying off their mortgage when rates are low so they aren't going to be spending any more
Should do QE for the people. Print money and pay down people's household debt, if they have no debt, they get the same amount to spend and stimulate the economy.
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