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The Forum > Article Comments > Inflation dragon stirs > Comments

Inflation dragon stirs : Comments

By Henry Thornton, published 1/8/2006

Delays so far mean interest rate rises will be too little to late and will end up being higher than necessary.

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Let me get this straight - some people writing in the name of a dead guy want us to believe that the IR laws are a good thing for inflation.

Talk about flogging a dead horse. How can being able to screw workers wages down, while they are paying more for basics, and hitting them with increased interest rates be good for us.

All that I can see is that the neo-fuedals will be able to buy houses cheaply, when the interest dragon slaughters their owners ability to pay even more to the mogul banks.

The big will swallow the assets of the small and then the bigger will swallow the big etc...

The neo-cons (and I don't mean neo-conservatives but new con- artists - some even use dead guys to hide their identity) are still trying to convince the ordinary folk that they know best and that we really do get paid too much. We should be happy with just a tad more than abject poverty for the priviledge of making them rich.

How about tackling inflation by putting pressure on the obscene profits made by big companies, who often export the profits offshore, and the repugnant salaries of big business ceos.

Put controls on the amout of credit that is available through schemes like the pay-nothing-for-12months deals. These deals send their profits, gouged from the naive, straight offshore.

This is just another article trying to do a snowjob on the ordinary people of Australia.
Posted by Aka, Tuesday, 1 August 2006 12:27:40 PM
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Bananas!!

One wonders how something that doesn't exist because it was destroyed can increase inflation. Hardly a huge expense these days in the shopping trolley. What a con! The media swallowed it hook line and sinker.

'Henry' says "Generous tax cuts have supported consumer demand despite expensive petrol. However, retail demand has been sluggish, a welcome fact in view of all the other pressures on demand in the Australian economy"

What the ...? How can you have both increased consumer demand as well as sluggish retail demand. What fairy-land does 'Henry' live in if consumer demand does not materialise through the retail market? Perhaps the 'Aussie Battler' is demanding more shares and foreign investments....

Simple fact: If retail demand is sluggish then the consumer isn't buying goods and services. The other demand pressures must be coming from the business sector, running up the Current Account to the detriment of the people.

'Henry' sees the world the multi-national coloured glasses.
Posted by Narcissist, Tuesday, 1 August 2006 12:53:58 PM
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Yeah pretty pathetic if you ask me.
Posted by Ms.Karen, Friday, 4 August 2006 12:46:39 AM
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