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The ALP keep pouring fuel on the inflation fire, changing the...

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Hingdog

22,887 Posts.

1418

06/06/24

18:23

Post #: 74200917
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Originally posted by Scott th Ratbag ↑

"My view is inflation is a long way from being under control". ....... I strongly agree.... yes if the RBA relaxed rates now it may be too soon and inflation would likely rise again. very hard to reduce costs to businesses and consumers. it does take a concerted effort from all agencies capable of doing so. Treasury and RBA are the two primary factors in managing inflationary costs.

so do you expect the next interest rate change to be up or down? and when do you think this might happen? most here are biased and pushing one way or the other for political reasons. you, from my assessment, are less biased than most, including myself, and so I suspect your opinion may be more accurate.

also, as an aside, do you think capitalism can thrive if social needs are neglected?

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The ALP keep pouring fuel on the inflation fire, changing the stage 3 tax cuts to stick it up the people who are the most productive and haven't had a bracket creep adjustment in more than 15 years to put more money in the pockets of people who will definitely spend it is just putting more pressure on the RBA to raise rates again
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