EER 0.00% 3.6¢ east energy resources limited

That's more than 18 months away unfortunately. I reckon we also...

  1. 6,072 Posts.
    That's more than 18 months away unfortunately. I reckon we also need the RBA to ease interest rates in a hurry.

    He won't admit it but he has severely misjudged the impact of lifting and leaving rates unchanged on the Australian economy over the last 6 months.

    He has to go as well in my opinion.

    He is one of the highest paid Central bank governors in the world and he isn't doing a very good job.

    Bernanke gets something like $250k pa
    Glenn Stevens gets around $1m pa

    What a disparity. The US is over 10 times bigger than Australia in population. US GDP approx $15 trillion, Australia GDP approx $1 trillion.

    Go figure?

    http://www.abc.net.au/7.30/content/2012/s3476195.htm


 
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