its exactly as the RBA expected to happen. at the start of this inflationary period I posted up the expectation of businesses collapsing and the tight put shyte on the suggestions saying that inflation drives out the weaker businesses, the ones only just hanging on. the explanation was that it was a matter of cutting out the dead wood.
now of course they deny that businesses should fold if they can't survive the conditions and cry poor me when businesses are finding it tough.
had Morrison allo0wed the RBA to put up rates during his PMship, as they would have done given the international indications, we could have avoided the worst impact that we're seeing now. 9 months inflation was rising under Morrison. yet he kept the RBA silent.
