The RBA, politicised conmen with a gun to the head of the Australian economy

[Puddy]

They don't just raise mortgage rates.
They change the cash rate, which is the basis for all other rates, including the rates on credit cards.
In days gone by Australian mortgage holders weren't hocked to the eyeballs as they are today.
When you are paying off a large mortgage and living on credit cards, then when the rates for all those things go up, you find yourself in a financial pickle.

. It's clearly not working

 

[Number37]

. It's clearly not working

People kept voting for it.
Now that the chickens are coming home to roost they want to blame everyone but themselves.

 

[peetoo]

Are they for real? Good to know they acknowledge pain out there, bu people want more than sympathy

Shock RBA warning to hit 100 suburbs on watchlist — realestate.com.au

Reserve Bank boss warns more people could be forced to ‘sell their homes’, as new data pinpoints 100 suburbs on a watchlist for reduced price sales.

apple.news

 

[Sqotty from office works]

Are they for real? Good to know they acknowledge pain out there, bu people want more than sympathy

Shock RBA warning to hit 100 suburbs on watchlist — realestate.com.au

Reserve Bank boss warns more people could be forced to ‘sell their homes’, as new data pinpoints 100 suburbs on a watchlist for reduced price sales.

apple.news

If you overborrow you should expect pain at some point.
You can't have the super house, plastic overpriced rubbish furniture, plastic Chinese 4wds , children not walking,riding, or catching bus to school and obviously no parents grandparents advising you of a silly mistake you're making and blame the RBA .
Just laughable.

 

[peetoo]

If you overborrow you should expect pain at some point.
You can't have the super house, plastic overpriced rubbish furniture, plastic Chinese 4wds , children not walking,riding, or catching bus to school and obviously no parents grandparents advising you of a silly mistake you're making and blame the RBA .
Just laughable.

Don’t hold back. Victim blaming is a bad look

 

[Kram]

If you are going to take out a massive loan you really need to do some thinking and research beforehand..

 

[Kram]

Inflation to hit three-year low, but don’t expect a rate cut: Bullock​

Michael ReadEconomics correspondent
Updated Sep 24, 2024 – 5.42pm, first published at 2.45pm
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Reserve Bank governor Michele Bullock says she will ignore data due on Wednesday that is expected to show inflation falling back into the central bank’s target band for the first time in three years, warning government energy rebates will not bring forward an interest rate cut.
Announcing the cash rate had been left on hold at 4.35 per cent, Ms Bullock on Tuesday said a near-term cash rate cut was not on the agenda, despite markets pricing a 76 per cent chance of an interest rate reduction by Christmas.​

 

[peetoo]

‘Not tanking the economy’ oreally?

Not tanking the bits of the economy you give a damn about. The others can eat cake