The Australia Institute welcomes the news that the RBA has finally acted by reducing the cash rate by 25 basis points.
“This cut goes some small way to redressing the failure to cut rates at its April meeting," said @grogsgamut.bsky.social.
“This cut goes some small way to redressing the failure to cut rates at its April meeting," said @grogsgamut.bsky.social.
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Interest rates go down, more people buy houses. Houses go up, need a bigger loan, which you can now get with lower interest rates.
It's a goddamn hamster wheel designed to make slaves of anyone who does not own their own shelter.
Post-Modern Slavery.