Chief economist Greg Jericho explains why the RBA needs to cut interest rates next week. The best time to do it was six months ago. The next best time is next week.
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We have a bank that doesn't do actual money and we have a bank that only works for the LNP and somewhere miscellaneous we nullified people and replaced with an economy, we are the 'lucky country'.
Scrounge through his rubbish bins. Mr Jericho, you say households aren’t spending, but you’ve clearly bought some new tennis gear over the Black Friday sales. Would you care to explain the discrepancy to the people of Australia?
It needs a sticker like the ones people get for Teslas, saying 'I bought this before I knew about Elon.'
Maybe - Scrabble: the only time X has any value 🤣
As someone who owns their home, is debt free and is earning interest on savings, high interest rates are actually fuelling my spending. It is however
crushing my kids. This has been a massive fail by the RBA. Rates should be cut now.
It’s unpopular but the RBA is dead right keeping rates steady. Headline inflation fell to 2.8% but underlying inflation is still way too high at 3.5%. Unemployment is still low and with both govt and private debt still too high the RBA is simply doing its best to slow this demand for borrowed funds.
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Very good reasons for a rate cut.
If the send the economy into recession it is going to cost us all a hell of a lot more.
Mr Jericho, Mr Jericho , Mr Jericho. Your comments on the latest economic figures? He's running away with a jumper covering his face.
Maybe - Scrabble: the only time X has any value 🤣
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crushing my kids. This has been a massive fail by the RBA. Rates should be cut now.