CASH RATE TODAY

First Tuesday. Today’s the day of the month that the Reserve Bank of Australia decides what to do with our interest rates.

Let’s see; we have banking, real estate, media and politicians all trying to pump residential real estate prices (land prices) to the moon–and economists alleging this has nothing to do with inflation–so now the RBA desperately trying to fix it is like trying to put toothpaste back into the tube.

There’s a touch of irony in there somewhere?

Also USA Independence Day, of course. Looking forward to US independence from the neoliberalism that’s taken hold in world economies! VIMMLBUTT anybody?