Breach after Breach...
  • 2 November 2016

Breach after Breach...

I was sure that the RBA was going to lower rates until our Treasurer returned from overseas declaring that low rates don’t help the economy. This is despite the facts that show low rates in the UK and America reversed their high unemployment where they are now sitting way, way below Australia.

In contrast, our failed Treasurers have delivered high rates and have seen our unemployment go from 4 per cent to 10 per cent. This breaches the RBA charter on maintaining full employment and maintaining living standards in Australia. Like in Europe​ they are twiddling their thumbs watching the citizens burn.

employed-persons

We have had 4 years of wage rises below inflation. The tiny NET gains eaten up by increases in costs and of course the Keating curse on the economy, the waste of funds going from pay packets into superannuation.

This decision was a victory for treasury with the treasurer captive, but at the same time it is a death knell for Morrison who’s days as the treasurer must be numbered after his ill-fated retrospective legislation on superannuation and this maintaining of high rates.

Now watch the Australian Dollar soar along with our underemployment. Thank you Mr. Morrison.

Hear what other economists are saying about yesterday’s RBA Rate Decision.

Thanks,

Kevin Young Club Founder

Related Posts

The Property Pulse: Which Markets Are Beating Strongest This Year

The Property Pulse: Which Markets Are Beating Strongest This Year

Stand at a Saturday open home in Adelaide or Perth right now and you will feel the energy. Crowds aren’t just curious buyers. They are a reflection of something bigger, the shifting balance of economic strength across the country. The latest State of the States report makes one thing clear: performance isn’t even....

The Suburb Lines That Make or Break Property Prices

The Suburb Lines That Make or Break Property Prices

On a Saturday morning in Brisbane’s leafy inner-west, you can see the quiet theatre of Australian property ambition. Parents with clipboards trail real estate agents from one open home to the next, whispering about “catchments” like they’re trading inside information. They’re not just buying a home. They’re buying a...

Real Investors Don’t Rely on Realestate.com.au

Real Investors Don’t Rely on Realestate.com.au

Every day, thousands of Australians scroll through realestate.com.au thinking they are researching property. And while the platform is excellent for browsing and comparing, it is not where professional investors are finding their best deals. In fact, if it is on a public portal, it is already being sold to the...

Become a Member Today!

Our mission is to help the average Australian learn the property market dynamics and discover the amazing opportunities that exist in real estate.