Interesting reading Australians reacting to the RBA decision today. The same population who complained about the lockdown protestors 3 years ago are now complaining that the interest rate is 2.6%. Which historically is next to nothing. The RBA need to appease the sheeple. I know the lockdowns weren’t the only issue adding to government spending and inflation in recent times but it was a large part of the reason why. Funnily enough it also fuelled the housing market and many had spare cash from government handouts, working from home with the same salary and even 10k super lump sums. Many were silly enough to purchase a property at the peak, in record low interest rates in an artificial peak... during a once in a generation ‘pandemic’. Now these same sheep are upset. Sorry but there is no hard feelings or empathy from me, people have to wake up and take responsibility for their actions. These rate rises from record lows and a housing market crash from the record peak were inevitable. But the latest generations and population are used to the good times lasting and no negative impacts. Also before you say I’m a boomer! I’m in my early 30’s.
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