I agree, Lowe will repetitively pull the interest trigger. But that's partly because his million-bucks salary says he can't directly criticise, Chalmers repetitively pulling the immigration trigger.

Ever since Albanese and Chalmers took the helm in 2019, they have been hellbent on taking immigration to levels never before seen. Even when Chalmers pulls back from 400K to 315K in tomorrow's budget, that is still an all-time level. And 50% above Frydenberg's number, for 2022-23.

In part, this is just lazy economics. Who needs productivity, when population is so much easier? But it is also rank ideology. Albanese, Chalmers, O'Neil, Giles and Leigh, they are all United Nations open-borders nutters. They're totally fine, if that inflicts per-capita recession.

The 'shock-horror' that comes with every rate rise would be better directed at the inflation rate, Labor’s traditional inability with money, and at the the Treasurer, as per Pauline Hanson's latest cartoon depiction of the fool.

Prices will continue to rise; homelessness will continue to rise; immigration will continue to rise; government spending and waste will continue to rise.

Worst of all, Australians will continue to keep their heads firmly up their bums, oblivious of the fact that they deserve the governments they get as long as they keep voting the thoughtless way that they do

As I have stated several times, Australia’s worst enemy are Australians !

Yes, they should Graham.

Tired of them telling us what they cannot do and will not do. All our inflation is related to the cost of energy!

No ifs, buts or maybes. And we are not assisted by foreigners deciding what we will pay for OUR GAS and OUR COAL!

When we develop these resources, we use Aussie knowhow, Aussie labour and pay for the development with Australian money!

We need to re-establish control over what we pay for OUR GAS and OUR COAL. We do this by firing a warning shot over the bow of these foreign speculator by lifting the self-imposed moratorium on nuclear power. And starting ASAP to build MSR thorium power plants as mass produced and ready to operate once installed and fuelled.

As we do this with power plants and fuel, we still own and control, we will serve notice on the foreign price gouging, tax avoiding, profit repatriating R soles, that they need to lift their game or F off.

We can do it with the assistance of cooperative capitalism and a number of funded and facilitated Aussie co-ops, all competing fiercely for the energy dollar.

Co-ops were the only free market, private enterprise business model that survived the Great Depression largely intact.

And if you do not see another one coming, then my friend, you are wilfully blind. And economic charts just muddy the water and solve nothing.
Alan B.

Indyvidual

Too right they are! They think that politics and what happens to them is entirely the business of politicians. And the politicians are quite happy to dictate to such stupid people. Politics just means the tedium of compulsory voting to most ot them: and even then then they just follow how-to-vote cards, like sheep, at the very last minute.

The IPA has forecast that the Albanese government's spending will drive inflation even higher, and add $3,000 per annum, for the next three years" to the average mortgage.

The Albanese gang's spending is estimated to rise by at least 4.6%, pushing up inflation a further 1.6% over that time. "“Reckless levels of government spending are the root cause of Australia’s current high inflation…".

To me, all this mess is nothing more than manipulation to line the pockets of those who already have many times more than they deserve going by their merits.
A flat Tax would bring a tiny degree of equality as would a public service bureaucrat salary ceiling.
Nothing too complicated just too much against the grain for the useless greedy ! Simply just an artificial complexity to veil what could be a fair & simple system !

The "drunken sailor" approach to spending by the Coalition in office, has driven national debt to a staggering trillion dollars, that was totally non-productive and unnecessary. The commitment by Labor of hundreds of billions to ridiculous nuclear submarines is going to prove a long term cancer for the Australian economy.

I'm no fan of Lowe, but Graham he's not a one man band when it comes to RBA decisions. He is a big player and the public mouthpiece, but its not all his fault. You also malign Frydenberg and Chalmers as Treasurers, I'll agree Josh was a dill, and Jim may well go the same way, but give him a chance, he's hardly got the lid off the lolly jar yet. Who would you choose as Treasurer? The goose from the Noalition, Angus Taylor!

It seems that Australian Public Service and State Government salaries are increasing in line with Reserve Bank increases so APS are somewhat insulated from interest hikes. Also it seems as if the APS has politicised hiring to support the communist side of politics- against employment law- and against democracy- sounds like Bernay's Enlightened Despotism. Perhaps the HR profession is also biased in favour of communism- perhaps with all this "communist equality" the CEO needs to watch out for their job.

The article below seems to cover Bernay's Enlightened Despotism.

http://knoji.com/article/edward-bernays-the-father-of-public-relations/

I wonder if the Pauls of this world could ever tell the truth, obviously it would be a major change in their style.

Right through the pandemic period it was Labor calling for more spending on worker support. They would have had the government spend double or more on handouts, & were criticizing the government continually for not buying the now shown dangerous immunization products earlier.

The Goebbels "tell a lie often enough" mantra certainly applies to our lefties.

As I see it:
To combat inflation, interest rates are raised.
This means those with lower incomes, who must borrow money, are faced with an increasing debt.
Those who have money to lend will, instead, reap a rich harvest.
Broadly speaking, isn't this taking money from the poor, and giving it to the rich?
I know there are other factors, but would I need to be the treasurer to understand them?
Will someone please explain the logic of higher interest rates?
It appears to be a draconian way of doing business.
Is there not a sensible alternative?

Hassy,

What nonsense, you try to deflect the massive Coalition debt onto Labor, because you say; "Labor made em' do it" You sound like another forum jerk-off, who also calls it Labor's debt.

Are you still in favour of a preemptive nuclear strike on the innocent men, women and children of Pakistan, as you once claimed on the forum. That should wipe out 200 million innocent people, it certainly shows your pathetic mentality!

$4 Billion surplus they stated on the ABC. How long before the smoke screens are moved to reveal the real situation ?