example of damage which rba can cause

Hello Everyone,

From what I can see Badcock and Brown's (BNB) present position is a classic example of what damage the RBA increasing Interest Rates is causing -- increased Debts for Companies and all Borrowers and Mr Glen Stevens does not have an understanding of what damage he is causing with his out of date policies of using Interest Rates to try and contain Inflation. Badcock and Brown have been running on Borrowed Money and just imagine how their Interest Bill has Ballooned,out, while we have seen Eight increases in Interest Rates.
(An emergency Meeting of the RBA should be called however I doubt that's on because the RBA seems to live in LA LA Land).
Come on Glen; Resign ! Your thinking is out of touch.



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Good Luck to all,

Moly