@lukewmcgregor: #economics #funny #inflation #interestrate #interestrates

Luke McGregor
Luke McGregor
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Region: AU
Tuesday 06 September 2022 10:12:36 GMT
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monzcost
Mon Coste :
RBA is so out of touch with reality 🤦🏽‍♀️🤦🏽‍♀️🤦🏽‍♀️
2022-09-06 11:07:50
19
layneecakes
Laynee Cakes :
Great explanation and well said, thank you.
2022-09-06 10:48:11
16
saiditbetterthanyou
Saiditbetterthanyou :
mate, your few minute briefs on such complex matters are elite. ty
2022-09-06 10:42:26
271
ishnayaeneflade
Ishnay Aeneflaede :
Pay rise? what pay rise? 😳
2022-09-06 10:48:59
207
spankengine
spankengine :
wowee it's almost like the economy is made up and nobody actually knows what to do
2022-09-06 10:50:44
117
legend_is_real
Legend is Real :
I have no spending power even before the hikes lol
2022-09-06 10:47:16
45
bungabungasp
bungabungaSP :
Right so we’re needing to eat less and turn off the power, thanks RBA.
2022-09-06 10:50:10
34
rhi1717
Rhi :
Large pay rises? I haven’t got more than a 2% raise per year since 2014.
2022-09-06 11:35:28
17
shaun_the_sheep_89
Shaun :
it's just lazy economics.
2022-09-06 10:50:21
10
fooduseraccount
Ur Mom :
Nothing like working for a multibillion dollar Aussie company that froze wage increases as their profits skyrocketed during the pandy 🥰
2022-09-06 11:32:38
4
wig.okay
lol :
increasing rates isn't just about taking out demand, it's also to stabilise the currency to prevent imported inflation
2022-09-06 13:02:03
3
rakeyrach_
rakeyrach :
my mortgage has already gone up $95/w since May on my $350k property. 1/2 of my saving capacity gone. better hope my 14 year old car and /1
2022-09-06 10:52:25
5
jeznich
JezNich :
Yeah it’s stupid. The money people would of spent on smaller businesses is now going to go towards bigger businesses/banks…
2022-09-06 10:57:35
3
worldsworsttiktok
World's Worst TikTok :
💯% mate, the ones making the rules are on great paychecks and have no idea about the rest of us
2022-09-06 11:29:47
15
jameshogarth7
James Hogarth :
Just FYI, the RBA doesn't have any powers to fix the things causing inflation. all they have the power to do is adjust interest rates
2022-09-06 12:56:47
3
dizzzy.dreamer
Dizzy Dreamer :
Ahhh yes so the rich stay rich and the poor get poorer. Good work RBA
2022-09-06 22:00:07
3
only.joni
Joni :
So, how do we fix this? As ‘the people’…A revolution? Violence? It seems those at the top really don’t care what happens to the average person.
2022-09-06 13:03:11
3
cooperanddaisythejrts
Cooper and Daisy the JRT’s :
Governor of the reserve bank couldn’t care less about every day Aussies as he enjoys his seven figure salary.
2022-09-06 11:23:02
4
benrigby8
Ben Rigby :
yep would do better with a 1% tax increase across the board then they will with raising interest rates 3%
2022-09-06 12:39:25
1
ohnononobadkitty
OhNoNoNoBadKitty :
what are the chances of this causing recession or depression?
2022-09-06 10:55:52
1
alanb1983
alanb1983 :
Large pay rises? Was he referring to himself?
2022-09-07 11:42:07
1
candace_444
Candace :
Wow, Mr Lowe beyond out of touch. He has it very wrong
2022-09-07 02:24:24
1
rnpmq
cuddlepuddle :
targeting the working poor yet again. rich get richer (higher cash rate). the gap widens yet again.
2022-09-07 08:58:36
1
levizzzle
Levizzzle :
Shows how out of touch Lowe is
2022-09-06 11:41:11
2
michaelefanow
michaelterry :
it’s a blunt tool
2022-09-06 10:48:39
2
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