sabamirzaRBA likely holds rates steady despite inflation pressures and slowing growth.
#RBA #AustralianInflation #InterestRates #AustraliaEconomy
https://meyka.com/blog/why-the-rba-may-pause-at-4-35-even-as-australian-inflation-hits-4-2-2606/
Australia Travel Hub#WealthRanking2025 #GlobalWealth2025 #MedianWealth #WealthReport #RichestCountries #Australia2025 #AussieWealth #AustraliaEconomy #WealthDownUnder #RichestAussies
https://australiatravelhub.com/australia-wealth-ranking/?utm_source=flipboard&utm_medium=activitypub
Posted into ADVENTURE TRAVEL: LET'S PLAY @adventure-travel-let-s-play-SandInSuitcase
#WealthRanking2025 #GlobalWealth2025 #MedianWealth #WealthReport #RichestCountries #Australia2025 #AussieWealth #AustraliaEconomy #WealthDownUnder #RichestAussies
https://australiatravelhub.com/australia-wealth-ranking/?utm_source=flipboard&utm_medium=activitypub
Posted into Brisbane travel @brisbane-travel-aussietravelhub
DenisWhy Taxes Don’t Fund Government Spending – The Big Myth
#AustraliaEconomy, #MonetarySovereignty, #PublicMoney, #TaxMyths
Discover why federal taxes don’t fund government spending and how this myth is used to justify austerity. Learn the truth about monetary sovereignty.
https://socialjusticeaustralia.com.au/why-taxes-dont-fund-government-spending/
Currency Sovereignty: Understanding Australia’s Economy
#EconomicJustice #MMT #PublicMoney #AustraliaEconomy #SocialReform
Explore currency sovereignty and how Australia’s economic system can support social reform and public welfare.
https://socialjusticeaustralia.com.au/currency-sovereignty-understanding/
Mojo ♻️The East Coast gas cartel is draining Australia's economy. Skyrocketing energy prices have pushed interest rates to unsustainable levels for Aussie mortgage holders.
This foreign-owned, China-aligned, undertaxed, job-sparse parasite is destroying industries and making Australia poorer, not richer—while strengthening China and leaving us vulnerable to its supply chains.
#gasprices #australiaeconomy #eastcoastgas #energycrisis #mortgagestress #economicjustice #industry #australianpolitics #china
https://www.macrobusiness.com.au/2024/11/the-gas-cartel-is-bleeding-australia-out/
The gas cartel is bleeding Australia out
The gas cartel is bleeding out the Aussie economy. The price of energy has shifted interest rates to a level that the underlying Australian mortgage structure cannot cope with. As such, since the Ukraine War, the Australian private sector economy has been in a permanent recession. This might be OK if we were substituting unproductive
Decades of unfair policies, particularly in taxation, #housing, and #immigration, have shifted the economic balance in favour of the older generation at the expense of the young. The data also shows that the #RBA "blunt" tool of interest rates disproportionately affects Australians with mortgages, while having little impact on older, wealthier homeowners who continue to spend freely. #EconomicInequality #HousingCrisis #TaxationPolicy #GenerationalDivide #AustraliaEconomy #RentalCrisis #Auspol
https://www.macrobusiness.com.au/2024/08/rba-admits-young-australians-are-getting-hammered/
RBA admits young Australians are getting hammered
On Monday, RBA deputy governor Andrew Hauser gave a speech that included the following chart on consumer spending by age cohort: The chart showed that younger Australians aged under 35 have cut their spending hard in response to the RBA’s monetary tightening. By contrast, Australians aged over 60, who are more likely to own their
ExTraders Global#RBA holds rates at 4.35%, remains vigilant on #inflation. Mixed data and high inflation curb #ratecut expectations. Government subsidies aim to lower #CPI. Economists warn against rate hikes, foresee cuts in Q4. #AustraliaEconomy #InterestRates
offbyoneThe utter failure that is governance (including the Reserve bank of Australia) is that giving up wealth shouldn't be the one and only entry way to making it. You shouldn't have to have had well off parents to be well off yourself. But here we are - the Australian economy is not working out for most of us and there are no improvements on the horizon. So nepo baby or bust it is.
#Australia's economy faces headwinds as Q1 #GDP growth slows to 0.1%, driven by subdued #ConsumerSpending and soaring living costs. Despite robust nominal GDP #growth, per capita GDP declines amidst population growth pressures. #AustraliaEconomy