Ann: Drilling Extended for Nb-REE and Cu-Au Targets, page-152

The current system is broken, they need to find a way to incentivise not spending, fed guaranteed bonus interest/ exemptions on additional super contributions??

But considering 1/3 of Australians are mortgaged, 1/3 rent and 1/3 own and 2/3rds of those, probably have savings that earn income from interest. So they increase rates, they directly punish 1/3, vicariously punish another 1/3 and reward 20% with savings.

Services and essentials inflation should be ignored whilst discretionary spending should not, so they need to accept periods of high inflation as essential and healthy, they make property prices more affordable, erode larger mortgages and mitigate higher interest rates, there is also a lag for higher wages too, which creates the necessary pain period.

So again, why punish people that are already in pain? We also had APRA effectively lock mum and dad investors out of the property markets from around 2016, causing the housing crisis we are now seeing.

My tip is another 1/4 to half hike this year, then a massive reversal to fight off the recession we will slip into by March 1/4 2025.

Sorry about the rant, realise it isn't exactly on topic.