Today's retail trade figures show the RBA failed when it did not cut rates in April #OffTheCharts @grogsgamut.bsky.social australiainstitute.org.au/post/retail-... - ThreadSky

australiainstitute.org.au • 19 days ago

Today's retail trade figures show the RBA failed when it did not cut rates in April #OffTheCharts @grogsgamut.bsky.social
https://australiainstitute.org.au/post/retail-trade-figures-show-rba-failed-when-it-did-not-cut-rates-in-april/

Comments

shanesaysstuff.bsky.social•19 days ago

Likely global economic collapse capitalism falling under its own weight
It's not a good time to increase debt for the working class it never is really it's the means by which the capitalist class enslaves us for our whole lives

ericbanana.bsky.social•19 days ago

I feel that this decision was political.

So much for independence.

psynubs.bsky.social•19 days ago

It’s political, if the coalition wins they will whack it down a couple of % points, quick smart I bet!

diryall.bsky.social•19 days ago

They didn’t even discuss it

pepperpots4477.bsky.social•19 days ago

They’ve pretty much failed to get it right the last two years, right?

lynette10.bsky.social•19 days ago

Seems to be common now

envirorealism.bsky.social•19 days ago

I hope the RBA insurgents are politely invited to fuck off on Monday morning.

armchaireconomist.bsky.social•19 days ago

Isn't it past time to use more effective means to limit inflation. A floating, adjustable % on income tax would work far more effectively. Playing with super contribution rates has been posited- that warrants investigation too.
Smashing morgagees is neither equitable nor terribly effective.

shanesaysstuff.bsky.social•19 days ago

Like nationalising parasitic corporations or atleast breaking up monopolies like we used to

Tax wealth not work

armchaireconomist.bsky.social•19 days ago

At least nationalise essential service monopolies. Water,electricity, public transport, major transport routes etc etc. Privatising these has failed, the focus of the private business is profit, not service to customers. DOGE will fail in the US. They look to save $$ but that's the wrong measure.

shanesaysstuff.bsky.social•19 days ago

Don't stop there nationalise everything no more fucking overlords putting our right to exist behind a paywall and sacrificing our biosphere and enslaving us till we die

Ditch the current form of government too have a direct democracy both in politics and at work

shanesaysstuff.bsky.social•19 days ago

They look to steal $$$$$$$
Gut everything that "prevents" the capitalist class from doing what they want to who they want up to and including wiping out most of life on earth
( or more accurately make us do it to earn our right to exist)
to make number go up and keep their power

suecarlos.bsky.social•19 days ago

Given that it is the wealthy who are doing all the spending perhaps wacking a higher tax rate on them might cut inflation.

armchaireconomist.bsky.social•19 days ago

Everyday wage earners spend all or nearly all their income just getting by. An extra,say, up to 3% added or pulled back in line with inflation would control inflation far, far better than slugging the mortgagees every time. Interest rates are a blunt instrument, not at all accurate or effective

jammiepiece.bsky.social•19 days ago

Failed in early 2022. ❌
Failed in April 2025. ❌
Is it three strikes ❌
and you are out?

joedalziel.bsky.social•19 days ago

How many million dollars does the Board earn in salaries again? 🤬

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