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13/04/12
11:54
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That's more than 18 months away unfortunately. I reckon we also need the RBA to ease interest rates in a hurry.
He won't admit it but he has severely misjudged the impact of lifting and leaving rates unchanged on the Australian economy over the last 6 months.
He has to go as well in my opinion.
He is one of the highest paid Central bank governors in the world and he isn't doing a very good job.
Bernanke gets something like $250k pa
Glenn Stevens gets around $1m pa
What a disparity. The US is over 10 times bigger than Australia in population. US GDP approx $15 trillion, Australia GDP approx $1 trillion.
Go figure?
http://www.abc.net.au/7.30/content/2012/s3476195.htm
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