Monday June 10, page-29

Sadly this is the case. All the economic figures like unemployment, wage growth are shit that's why we have the rate cut. The idea of rate cut is to make money more affordable to boost consumption and for businesses to expand. However instead of using the cheap money to create more jobs or spend more, that money is re-injected into the equity markets simply because no other investment channels out there are worth looking at.

The problem Aussie economy is it is so old and out of date. Phil Lowe and RBA only has 1 tool to try and make it work but sadly it aint gonna help. What Australia need is NOT another rate cut but a new direction with less red tapes and more business friendly policies.