Rate rises won’t tame inflation, according to $140b fund’s...

  1. 9,635 Posts.
    lightbulb Created with Sketch. 32

    Rate rises won’t tame inflation, according to $140b fund’s investment chief

    The investment chief of UniSuper says monetary policy has run its course, and inflicting more pain on households is not the answer.


    (quote from SMH today Sun 4)

    And UniSuper is probably right

    Chalmers and Albo have to stop the insane spending.
    Albo goes to Garma and throws $20m at a Yolnu education centre.

    That is the first hole drilled in the bucket.
    Garma gets 2000 people attending

    The ticket price is $2000 a day nearly

    I stayed a week in nearby Nhulunbuy (about 60k away)
    for a week
    The accommodation bill was over $10,000 for a couple - for a bloody week.

    It is not your average Aboriginal attending Garma

    It is for those sucking at the trough.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.