Well done to Mr Geoff Wilson for publicly condemning Federal...

Well done to Mr Geoff Wilson for publicly condemning Federal Treasurer Jim Chalmer's attempt to blame the RBA for Australia's persistently high inflation.

From 'The Australian' online:

"...Wilson Asset Management chairman Geoff Wilson has blasted Jim Chalmers for making “pathetic and disappointing” comments about the Reserve Bank’s efforts to tame inflation...

...“They’ve lined the RBA up (and said) you try to keep inflation under control, and we’re going to run budgets that are stimulatory. So we’re not going to help you at all, we’re not going to work with you, instead we’re going to work against you, and then we’re going to blame you for the problem and make you the scapegoat.”

Mr Wilson also led a very public campaign against Bill Shorten’s policy to ban excess franking credit refunds in the run up to the 2019 federal election.

The fund manager, who runs a suite of listed investment companies including WAM Capital, WAM Leaders and WAM Strategic Value and manages about $5bn for retail investors, said rates in Australia would be on hold for longer following stimulus measures from both federal and state governments.

“The government’s made it bloody hard for them. And state governments too. The political game is to blame the Reserve Bank and then keep pumping money into the system,” he said..."