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12:52
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Originally posted by dolcevita:
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I don't think the Reserve bank's response was predictable at all. They were left to do the job of stimulating the economy and have been crying out to the government to apply fiscal measures. These measures are philosophically, what the LNP have always been reluctant to do. It's been like pulling out teeth to get them to stimulate and right now they're pulling back on measures to support the underemployed and unemployed over 35s. This is very bad strategically.
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There was always going to be a response. Again it highlights the sheer folly of making extreme predictions if you can't reliably predict some of the inputs
