What did the RBA just do? … in under 1 minute @abcnews
@DaveTaylorNews @abcnews "Cash buffers"...
@DaveTaylorNews @abcnews Remember the good old days when the LNP were in power? Jobseeker: Extra $550 per fortnight / Interest rates: 0.10% / immigration: Very low / JobKeeper: $90bn to businesses / Inflation: 3%. What a golden age!
@DaveTaylorNews @abcnews Mind blowing refusal to consider the vast number of those who do NOT have “buffers “ like Dr Lowe and the RBA board . Sickening contempt for those who struggle every day . So ugly 🤢🤢🤢
@DaveTaylorNews @abcnews 2/3 of Australia don’t have a mortgage so they don’t care about rate rises. Inflation will not cool until we don’t have full employment. Unemployment rate needs to start kicking up to flatten inflation. Mortgage holders are not creating inflation it’s the people with no mortgage
@DaveTaylorNews @jurylady5 @abcnews Making people use their savings to live is wrong. People on fixed, low incomes with limited savings like age pensioners will have to use those savings to live day to day & can never recover that capital buffer. That's jeopardising their financial security.
@DaveTaylorNews @abcnews I am shocked the market is shocked - modern history tells you CB’s always go harder than the the market expects- long term inflation running rampant is a scary proposition.
@DaveTaylorNews @abcnews They were clearly listening to you on @abcsydney this morning, after all😉
@DaveTaylorNews @abcnews So let’s just target people with mortgages, tte boomers who had cheap houses, jobs for life and a pension, are laughing in the face of the younger generations. Renters and mortgage holders shouldn’t be targets to “fix” inflation caused by super profiteering.