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The Forum > Article Comments > A matter of interest: the RBA, inflation and corporate profits > Comments

A matter of interest: the RBA, inflation and corporate profits : Comments

By Binoy Kampmark, published 12/6/2023

As part of its 2023 Economic Outlook , the OECD, on decomposing the GDP of 15 nations, found 'a significant part of the unit profits contribution has stemmed from profits in the energy and agriculture sectors...'

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Remember. Anything posted here by outsiders is pure opinion, not Holy Writ. This contributor understands economics no better than the rest of us do. Badmouthing a public servant who has been left in the job long enough to indicate that he knows what he is doing is cowardly and takes the heat off the the real problem - elected politicians.
Posted by ttbn, Monday, 12 June 2023 8:47:11 AM
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#elected politicians#.

And who are the cowardly over pampered in society that cast a vote for them: As a consequence, your a major part of the problem.
Posted by diver dan, Monday, 12 June 2023 8:59:03 AM
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Meanwhile, the ever growing tent city in the grounds of the lurnea Public School at last count numbered eighteen families with children.

#Lurnea is a suburb of Sydney, in the state of New South Wales, Australia. It is 35 kilometres south-west of the Sydney central business district, in the local government area of the City of Liverpool#

Observed from over a back fence of a local resident, the police harassment increases with the addition of the Sheriff to serve notices of eviction from the site, which are immediately acted on by a police contingent.

This is your Country!
Posted by diver dan, Monday, 12 June 2023 9:07:26 AM
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DD,

Why would anyone take any notice of you: a person who continually trumpets his own foolishness in not availing himself of the only contribution to democracy most people have - voting.

You can't even come up with the "other ways" you claim exist.

What is the story about the "tent city" drongos? They probably don't vote either, stupidly thinking that demonstrations and civil disobedience work against the state, which has all the power.

The only way to change anything is to VOTE - not for Liberals, Labor or the Greens, who just continue to be fascistic no-hopers, but the people that the fascistic no-hopers don't like, and know that if enough people voted with their brains instead of being bribed, those people would take over and straighten out this rapidly failing country.

Of course, people who don't vote deserve what they get, and have no business pontificating on what those who do exercise their rights and obligations should think.
Posted by ttbn, Monday, 12 June 2023 10:05:14 AM
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Disagree, our inflation issues have been caused by Putin and his entirely unwarranted attack on the sovereign of Ukraine and the consequent rise in energy costs. Short memory Binroy?

We for our part are exporting energy products to the world as much as we're able. Coal, gas, sweet light crude and uranium.

The government has put Philip Lowe in his position by simply taking some energy choices off the table. And staying with a mad hatter's energy policy.

It's not good enough and it's too easy to blame the governor. WE need to allow nuclear power to be back on the table and that has to include home grown MSR thorium, if only to lever energy supply from the cold dead hands of the energy barons.
Alan B.
Posted by Alan B., Monday, 12 June 2023 10:40:48 AM
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So both government and corporations created inflation (and as Alan just added, Putin too) - and this poor Philip is being blamed for using the only tool he has in his disposal to stop it.

Blaming the firemen for the fire?
Posted by Yuyutsu, Monday, 12 June 2023 3:30:23 PM
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