Mastodawn

A thoughtful piece from #AmyRemeikis in The Point.

I would only argue that #fuel prices were not the main reason for the #RBA disastrous decision to raise the #CashRate to 4.1%. Bullock herself started her press conference with “the labour market’ is too tight. IOW, the RBA is considering low empoyment figures (seemingly arbritrarily so, the same as their arbitrary acceptable inflation window percentage) to be the cause for the underlying inflation (which is nowhere to be seen in the latest data, see Greg Jericho’s many articles on the matter).

https://thepoint.com.au/opinions/260324-soaring-petrol-prices-have-exposed-a-rotten-core-in-australia

Soaring petrol prices have exposed a ‘rotten core’ in Australia

So much of what passes for Australian political discourse relies on existential threats. It’s easy to make grandiose statements and take positions when the threat is some amorphous vague maybe that could possibly happen.