Lower income Australians are already making heartbreaking decisions about what they can and can't buy during each trip to the supermarket, he says.
Hogan wants to urge anyone reading that higher interest rates are now inevitable and crucial to rebalancing the economy and any talk of the risks attached to further tightening policy is damaging.Hogan also argues there's a "misguided narrative" around the trade-off between interest rates and inflation.
The story now is darker and more sinister. The story might end where people live happily ever after, but the in-between chapters tell of higher interest rates and falling asset prices. We're at the point where wealthier Australians begin to really feel the pinch of tighter monetary policy.
Don't let the ideology clap trap fool you. They deliberately pumped the system at the start of 2020. 70% of all money that has ever existed was created in 2020.
“It's sad that kids … going to … 🏫 in the uniforms they wore last year” Our family income is in the top 1/4. But most of our kids’ uniforms came from our family friends’ bigger kids. So no, it’s not sad. Yes, cost of living is 🆙. But people take too many things for granted.
Poor analysis. Great to have a treasurer that has a clue rather the previous wankers occupying the seat. Unfortunately, experts ignore price gouging in various markets, energy is just one.
Typical ABC socialist journalism.
. Inflation is a choice. If you won't pay more, they cannot charge more. If you will pay more, is it sinister inflation or is the price just catching up after being artificially low prior? Just refuse to pay more. Inflation killed by the people. Job done. .
ABS = lies
The Reserve Bank and APRA are a bunch of dolts. Sack the both of them.Wait until the 'rich' start to get screwed and see what happens. Government intervention definitely.
Thieving supermarkets start there Corporate greed
And it's another morrison/fraudenturd legacy 💔
XRPL fixes this Ripple for the win.
Sinister implies intent. So, ABC, you're suggesting that there is a secret cabal deliberately creating entrenched inflation?
This article offers a doom-and-groom perspective of the future economy. It may be true. It would be better to put a positive tone out there so it wouldn't scare people too much. Remember, the expectation of inflation is scarier than the inflation itself.
Maybe stop wasting all our money on vaccines, climate change, aboriginals,voices then lower our taxes.
Why is corporate greed never mentioned in the 'ANALYSIS' articles? & I'm sure those in the investor classes will be rubbing their hands with glee at those defaulted on mortgages.
Well this article is more than 7% full of over-inflated language- ‘sinister’, ‘evil’, ‘scourge’ etc 🙄
Hyperinflation.
Price gouging. Explain how corporations are making record profits?
This is scaffolding to warm ppl to the idea of digital currency. We must resist at all costs
More sinister than taking the usd off the gold standard in 1971? More sinister than fractional reserve banking? ..than a man-made pandemic causing excessive non-stop money printing that is unevenly distributed? Critical mass of aware ppl caused it. Capitalism has run its course
1. Australias broke so run Immigration 2. Immigration hikes House Prices and Inflation so Australia goes broke 3. Rinse repeat. Its what comes after that gets exciting ;p
the restaurant spending goes on but small retail is in trouble
Congrats Albo!
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: abcnews - 🏆 5. / 83 Read more »