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RBA goes whack - Federal and state budgets fueling inflation!!!!!, page-4

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DavoMagic

17,668 Posts.

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19/06/24

04:38

Post #: 74379944
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Originally posted by muyakea: ↑

From the OZ

RBA raises alarm on big-spending budgetsAfter keeping rates on hold at 4.35pc, the Reserve Bank board warns for the first time that recent big-spending federal and state budgets may have added fuel to the inflationary fire.Economists are apparently now starting to forecast 2 rate rises before year end!

Albo is a dead man walking if this happens. What a total dud, the lack of understanding of basic economic principles by these duds is staggering. And of course the king of the morons, Miles in QLD has contributed. Federal election are pretty much decided in QLD and NSW, watch Chalmers and co rival poopy pants Biden.

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Rates have to rise, the RBA are as bad as the politicians.

Rates rising is a good thing.

If rates rising is a problem for you, you are a f... moron and asked for it!!!

The trouble now is rates rising is not enough, that is how far down the rabbit hole some are
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