Albanese Labor Govt Watch

[am Bays]

Interest rates up .25% to 3.85%.

Thanks Albo and Jim....

Gee even Jacqui Lambie this morning said this was out of our government’s control, world forces has caused it.

That like quoting Pauline as an expert on Multiculturalism

[Jimmy_041]

Interest rates up .25% to 3.85%.

Thanks Albo and Jim....

Gee even Jacqui Lambie this morning said this was out of our government’s control, world forces has caused it.

Considering they were claiming credit when interest rates dropped, they can suck the increases up as well.

[Jim05]

Interest rates up .25% to 3.85%.

Thanks Albo and Jim....

Gee even Jacqui Lambie this morning said this was out of our government’s control, world forces has caused it.

Considering they were claiming credit when interest rates dropped, they can suck the increases up as well.

This so much.

Everyone with half a brain knows that world forces play a huge part in economics but when you run around claiming that you are responsible for lowering rates you can’t just throw your hands in the air when they go the other way

[dedja]

Every govt will try the good news = us, bad news = out of our control routine, this one is no different.

Their recent patting themselves on the back didn’t account for inflation rising, and to be fair, not many saw this coming a few short months ago.

So yes, they do look like idiots now.

[Brodlach]

All true points

[Jimmy_041]

Every govt will try the good news = us, bad news = out of our control routine, this one is no different.

Their recent patting themselves on the back didn’t account for inflation rising, and to be fair, not many saw this coming a few short months ago.

So yes, they do look like idiots now.

I beg to differ. Many economists said the cuts were stupid and would come back to bite them.
The RBA can deny it all they want but the cut just before the election was politically motivated.
Remember when Keating winked, and put on that stupid grin of his, when someone had the gall to say the RBA decisions were independant of the Treasurer

[dedja]

Every govt will try the good news = us, bad news = out of our control routine, this one is no different.

Their recent patting themselves on the back didn’t account for inflation rising, and to be fair, not many saw this coming a few short months ago.

So yes, they do look like idiots now.

I beg to differ. Many economists said the cuts were stupid and would come back to bite them.
The RBA can deny it all they want but the cut just before the election was politically motivated.
Remember when Keating winked, and put on that stupid grin of his, when someone had the gall to say the RBA decisions were independant of the Treasurer

Disagree, when the RBA eased the cash rate by 25 basis points last August, the vast majority of analysts expected further easing in 2026.

[Brodlach]

According to Zalii Steggle a lot of the current inflationary pressures is coming from the private business sector investing in new technologies and extra staff combined with government spending. She then went on to say the increased areas of government spending was NDIS (this needs to be slashed significantly IMO), health and old age sectors where people have been crying out for more funding.


NDIS is taking the piss IMO.


Even the RBA didn’t blame the government

[wenchbarwer]

Every govt will try the good news = us, bad news = out of our control routine, this one is no different.

Their recent patting themselves on the back didn’t account for inflation rising, and to be fair, not many saw this coming a few short months ago.

So yes, they do look like idiots now.

I beg to differ. Many economists said the cuts were stupid and would come back to bite them.
The RBA can deny it all they want but the cut just before the election was politically motivated.
Remember when Keating winked, and put on that stupid grin of his, when someone had the gall to say the RBA decisions were independant of the Treasurer

Disagree, when the RBA eased the cash rate by 25 basis points last August, the vast majority of analysts expected further easing in 2026.

The same analysts that were 50/50 split on a rate rise on Monday? Far too many of these guys just guess, have about as much credibility as the BoM

[dedja]

The vast majority expected a rise yesterday, especially the banks, so no, it wasn’t 50/50.

[wenchbarwer]

The vast majority expected a rise yesterday, especially the banks, so no, it wasn’t 50/50.

https://www.finder.com.au/rba-cash-rate

It was 51/49

[Brodlach]

The vast majority expected a rise yesterday, especially the banks, so no, it wasn’t 50/50.

https://www.finder.com.au/rba-cash-rate

It was 51/49

So Dedja was right

[dedja]

[wenchbarwer]

The vast majority expected a rise yesterday, especially the banks, so no, it wasn’t 50/50.

https://www.finder.com.au/rba-cash-rate

It was 51/49

So Dedja was right

By a vast majority

[Jimmy_041]

According to Zalii Steggle a lot of the current inflationary pressures is coming from the private business sector investing in new technologies and extra staff combined with government spending. She then went on to say the increased areas of government spending was NDIS (this needs to be slashed significantly IMO), health and old age sectors where people have been crying out for more funding.


NDIS is taking the piss IMO.


Even the RBA didn’t blame the government

They would do everything to avoid that

[Jimmy_041]

Every govt will try the good news = us, bad news = out of our control routine, this one is no different.

Their recent patting themselves on the back didn’t account for inflation rising, and to be fair, not many saw this coming a few short months ago.

So yes, they do look like idiots now.

I beg to differ. Many economists said the cuts were stupid and would come back to bite them.
The RBA can deny it all they want but the cut just before the election was politically motivated.
Remember when Keating winked, and put on that stupid grin of his, when someone had the gall to say the RBA decisions were independant of the Treasurer

Disagree, when the RBA eased the cash rate by 25 basis points last August, the vast majority of analysts expected further easing in 2026.

I'm talking about February 2025

[dedja]

Every govt will try the good news = us, bad news = out of our control routine, this one is no different.

Their recent patting themselves on the back didn’t account for inflation rising, and to be fair, not many saw this coming a few short months ago.

So yes, they do look like idiots now.

I beg to differ. Many economists said the cuts were stupid and would come back to bite them.
The RBA can deny it all they want but the cut just before the election was politically motivated.
Remember when Keating winked, and put on that stupid grin of his, when someone had the gall to say the RBA decisions were independant of the Treasurer

Disagree, when the RBA eased the cash rate by 25 basis points last August, the vast majority of analysts expected further easing in 2026.

I'm talking about February 2025

I was talking about August 2025, so we’re both right.