Comments on: Interest rate cuts coming for the US. Will Australia’s RBA finally see the light?

By: Franky

Franky — Wed, 28 Aug 2024 04:10:26 +0000

In reply to Franky.

right on time

https://www.afr.com/policy/economy/power-rebates-hide-inflation-threat-with-no-rate-cuts-in-sight-20240828-p5k5y2

By: Gonggongche

Gonggongche — Tue, 27 Aug 2024 23:40:13 +0000

The Greens are going to tax big corporation ‘excess profits’ and raise taxes and introduce royalties to end giving the gas companies our gas for free. Where is Morrison when you need him – how good are the Greens.

By: Gonggongche

Gonggongche — Tue, 27 Aug 2024 23:38:10 +0000

In reply to Gonggongche. Why would anyone vote Labor or Liberal or Nationals?

By: Gonggongche

Gonggongche — Tue, 27 Aug 2024 23:37:00 +0000

Labor has treated cost of living pressures as an opportunity to release a handful of sweeteners just before an election. The Coalition have treated cost of living pressures to dust off their cuts to public services mantra, they say they would have addressed inflation by cutting government spending – degrading the public support systems available to help people struggling to help people struggling, only the Coalition would have the gall to push this myth.

Only the Greens have been advocating taxing the foreign big corporations properly to fund relief for those struggling.

By: Franky

Franky — Tue, 27 Aug 2024 22:32:06 +0000

In reply to Bizzybags. Owners of capital win no matter what, we need significant change

By: Franky

Franky — Tue, 27 Aug 2024 22:31:23 +0000

The inflation hawks in the AFR are still cheering the NZ central bank for ‘stopping inflation’, the unemployed be damned

By: Bizzybags

Bizzybags — Tue, 27 Aug 2024 05:31:36 +0000

In reply to Michael Smith. Higher interest rates harm asset holders (ie property owners and billionaires) but benefit cash savers (everyone else who cannot afford a "portfolio"). Why advocate for rate cuts that benefit the wealthiest the most?

By: Bizzybags

Bizzybags — Tue, 27 Aug 2024 05:27:46 +0000

A bit of a “feeling over facts” take – inflation is still higher in Australia compared to the US, and our jobs market is stronger, so don’t see the reason to cut rates right now.

Inflation is a killer, and in a world where both the “left” and “right” stand united in artificially pumping demand with high migration, the RBA as no other recourse than to stay the course.

By: Michael Smith

Michael Smith — Tue, 27 Aug 2024 03:51:55 +0000

Our inflation hawks are made of stern stuff. Our billionaires need the rest of us to be ripped off to keep their profits up. They can rely on the good folks at the RBA.

By: Mike Smith

Mike Smith — Tue, 27 Aug 2024 03:35:55 +0000

If they leave rates up, it’ll spike the Aussie dollar, and exporters will snivel and complain