RBA CASH RATE TO 0.35% FROM 0.1%

The RBA increased the cash rate today.

Will the incoming government also try to decrease the budget deficit?

If so, that will be the perfect combination to help develop the financial collapse we’re about to experience from the real estate bubble anyway.

No, financial commentators; it was not a necessary action. It will worsen Australia’s increasing poor socio-economic circumstances.

The politics of atrophy ensures that Australians and their incoming government aren’t ready for the steps that need to be taken.

There are politico-economic reasons why I’m a permabear. We’re constantly stuffing up macro-prudential lending because we’re in serfdom to the FIRE sector.

Sheesh!