rba is stupid

it always amazes me how these experts in the RBA can get it so wrong.

they kept increasing rates even as the financial crisis hit and now they vut by 1%?

seriously, how come no economists are telling the RBA they were wrong for the last 2 increases?

i think the 1% cut was a good decision, but if they had of not increased earlier in the year they wouldnt have to take such drastic action now would they?

once again, some pencil pusher in a semi govt institution stuffs our economy again. first Swan was blaming the Liberals for high inflation and rates and now its a global issue??

i think the damage that RBA did with the last few rate rises will take a long time to work out, just like their plans on the terms of trade balance forcasts due to commodity prices might have them crapin their daks now.

commodities boom is over, just look at the AUD, down to low $0.70's, so much for all those guys calling for parity and above!!!