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07:27
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Originally posted by 9703yn
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'The question is how did the ACTU, in its public presentation of this data, get this so wrong? Asked to clarify, a spokesman confirmed the ACTU believed living standards were rising. What the report meant to say was that rate of growth was declining at a faster pace than it did during the last recession.'
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My employer was earning 18% on CBA term deposits at the beginning of 1992. When we took out our mortgage in late 1993 we were paying 11.5% variable rate.
