xjo weekend zoomba lounge, page-48

Thanks vvg. I was watching the XSO with interest this week. Very soft.

OK, rant time.

RBA

Clearly our board are plain stupid. Worrying about inflation when, other than government induced price increases, prices are not rising. In other words, the RBA are keeping rates on hold to stop inflation that is caused by out own government increasing the cost of living. One word: electricity. Take a look. Why have prices gone through the roof and, on 1 July, why will they go up again??? Thanks Julia.

Rates should be 2%. Get the dollar down to 80 cents and get some real bang out of the mining boom.

Mining boom

We have a mining boom but BHP is $34 and the banks are booming. Someone please explain.

Unemployment will skyrocket once the government and RBA put the final nails in the coffins of retail and manufacturing = property crash. Why are banks running so high. Is it because NAB is earning so much from the share lending book to Mac Bank that their share price is worth more than a miner???

Government

Second highest business cost destination in the world. So Julia, who is a lover of free enterprise, thought... we can do better than that. MRRT and carbon tax and we'll just forget about those pesky tax cuts. Oh, and we can increase super to 12%. We're getting closer to Julia's workers utopia that I recall as a child was behind a large wall in Eastern Europe.