No, I’m just disappointed
- Jun 16, 2007
- AFL Club
- Other Teams
- Minnesota Timberwolves
not correct, ANZ passed on 0.18% last month, and 0.25% this month.So the cashrate has been cut 0.5 and ANZ are only passing on 0.25. After passing nothing from the first rate cut
Any banks actually passing on the full 0.5?
the gold boom in Australia is FX driven, so to is our amazing iron ore and coal revenuesIt won’t do much. Lowe has been asking the govt to extract the digit for a while now but the symbolism of a surplus is more important that fiscal policy things moving.
You talk about the credit card like it isn’t happening already.the gold boom in Australia is FX driven, so to is our amazing iron ore and coal revenues
I'd far rather our industry drive the economy than a government credit card
Do you really feel a credit card is a sustainable way to run an economy? How many decades should we use a credit card before we rely on the economy itself?
We should all remember a healthy economy stands up on its own, long term, not a credit card. Just because we have had piss poor economic policy for 12 years, doesn't excuse the future. In fact we need to get out debt down at some stage to have our "kitty" full, in preparation for the next big down turn which isn't far away (down turns come every 5-10 years and big ones every two to five cycles).You talk about the credit card like it isn’t happening already.
I think a sustainable way to run an economy is to have sufficient revenue base to provide services for the population. Govt debt (the credit card) has been increasing for a while now under our marvellous economic managers.
I’m sure the $158B in poorly targeted tax cuts is going straight on the plastic as well.
The fact that the current increase in resources price is FX driven should be a concern, should it not? Some external monetary policy changes and the advantage is gone.