Rate cut for the sake of politics is the only reason it would be cut, and that would be an absolute disaster. Unfortunately, I think that is exactly what will play out
Muchh depends on what the rate cut is. If it's just 10-25 basis points and the banks play their usual game of not passing the rate cuts on in full to debtors, then it's not worth much more than a fart in a paper bag.
All that prior high inflation hasn’t gone anywhere. Prices haven’t dropped they’ve stopped going up at the faster rate. If the RBA drops the cash rate, it will unlock those home buyers who’ve been waiting in the wind and that will start to drive spending again.
Albanese govt has done a good job ? What planet are you on ? It’s thanks to RBA. If the govt hadn’t done the cash splashes, the interest rates would have been lower sooner.
People like you just love to complain. The outcome has been as smooth as it could possibly be. The RBA did the right job and the government are spending money because they needed to spend money, you absolute fool.
@ nah, I’m pretty sure that you’re the foolish one. I think Labor’s spending is necessary. They don’t do it for fun. They have access to information that we don’t. I just don’t whinge about the uncontrollables like you and get on with it. We just went through the smoothest recovery we could have possibly had and people are still whinging lol
@ 😂😂 your so funny if you think being in a recession is a great way in managing the economy! No doubt your looking forward to cost of living to continue if Albo gets back in & puts you into billon dollars of debt with his out of control spending!
Australan's are suffering, small business is suffering. We are being driven into the ground and many forced into homelessness. The Labor govt shoul be held accountable. Albo OUT!
And you’d have Dutton in? Mr nuclear who would spend billions on that and leave us with nothing to tide us over for the decade between when the coal fires power stations are decommissioned and the nuclear kicks in?
Interest rates rose to fight inflation rate rising. The inflation was mainly due to record corporate profits, as reported by the ABC finance some time ago. Small business are going broke just as they did in the last recession which was in the early 90's as alot of them depend on people's discretionary spending.
@@Melancholicmonkey You do realise Albo has put us in a per capita recession for past 7 quarters! Albo takes the cake with his out of control spending in order to buy votes!
I agree goods are still expensive. last month hair spry was 5 dollars at Chemist warehouse an month later i paid 8 dollars for the same. (both were regular prices) Not sure where my 3 dollars went 😜
I agree,Western star butter at both major supermarkets went from $4.50 to $7.00 occasionally it will be on sale for $6.50. I hate supermarkets,goods are still way to expensive
Goods will never be as cheap as they were. Inflation is designed to keep prices rising. The amount they rise is governed by inflation. When inflation reduces it does not mean prices go down
My humble prediction is, no cut early this year because inflation needs to fall further and base out for longer period with no signs or rising again before any rate cut. And we'll see a change of government soon.
I think Aussies have pulled back cause we have collectively run out of money and what money we have is barely covering essentials. I don't think rates will change this next meeting in Feb.
🥱 party line as usual. The only thing that matters is Fed drops rates low enough for RBA and rest of the world to move without collapsing their currencies. Europe is pretty dire but Australia has SOME good fundamentals around exports. Overall RBA has done a good job on slowing the rate of decline of the AUD to prevent an import led inflation firestorm. I would have preferred they took their medicine and tanked the economy for 12 months to give the next generation a chance at asset ownership. That's now lost.
It seems to me that there needs to be a wider conversation about what tools the RBA has available to it to implement monetary policy. Interest rates seems like too blunt a tool.
If the govt had any guts it would have implemented a budget repair levy, applied to all taxpayers. But no, gutless as they are, they destroyed mortgage holders, gave non indebted tax payers a free ride and then juiced the economy with irresponsible fiscal measures. Hopeless, they need to go. The RBA played the hand it's been dealt and has done well.
Paying mortgage through my nose for a very average property. Can’t sell it cause you won’t get peanuts for anything in Melbourne 😂 at least give me 500 bucks per month by rate cut yea !!!
RBA will base decision on data. Dont know why people are so hung up on the exact timing of interest rate reductions. It will happen soon enough, but if your waiting for rate cuts to make a move, join the club and be prepared for competition. If you can get in now, why wouldnt you? Be greedy while others are fearful and fearful when others are greedy.
Government and government spending is far too big in this country. Really doesn’t matter who you vote for, bureaucrats look after themselves. Rapid Inflation is yet another tax, paid for by the middle class people. We need to cut down the size of government and government spending if the working class want any chance of a decent living
One obvious indicator of bad times is the huge number of dogs dumped at animal charities around the country as people cannot afford to keep them. Prevalent at lost dogs home in melbourne! Dog walkers have lost half their income as people cut back.
Very low interest rates (2%) and government overkill with COVID is what caused the current pain for Australia. Now, millennials and gen z cannot afford a home whilst boomers who no longer contribute to productivity think they are millionaire geniuses. It will end badly!
Of the OECD Countries Australia has had the greatest decline in standard of living ! In fact from what I've read we are the only Country in the negative compared to all other OECD Counties. Don't blame the public, governments need to stop f.....g spending our hard earned money and seriously take on price gouging industries
I hate how finance people use “unemployment rate” They should rather use employment rate For example 96% employment rate is far more intuitive. Example: “Government is looking for lower employment rate”
Some people are suffering because they pretended to have money when they didn't. Don't blame the government or anyone. Look into the mirror. Reckless spending led to inflation and that hits everybody. Inflation is common enemy number one and those who cause inflation should not claim victimhood.
I would rather a full on recession rather than being made incrementally poorer. Let’s get the recession done and dusted. It’s obvious our economy is stuffed
@@zoltrix7779 Probably , I have had an absolute gutful of the Left Labor party and their congregation of total misfits. You may think your a smart guy?🤣😂😅🤣🤣
@ Do your research pal, idolising a millionaire or billionaire is like thinking the stripper really likes you. He is a mortgage broker, which is a parasite that sits on top of the bank, and on top of the housing ponzi. He is not your friend, nor an advocate for working class people. The bank is designed to rob you.
Rate cut for the sake of politics is the only reason it would be cut, and that would be an absolute disaster. Unfortunately, I think that is exactly what will play out
Muchh depends on what the rate cut is. If it's just 10-25 basis points and the banks play their usual game of not passing the rate cuts on in full to debtors, then it's not worth much more than a fart in a paper bag.
Australians have been good little sheep watching their spending, meanwhile Governments are getting bigger and bigger while spending more! YAY
All that prior high inflation hasn’t gone anywhere. Prices haven’t dropped they’ve stopped going up at the faster rate. If the RBA drops the cash rate, it will unlock those home buyers who’ve been waiting in the wind and that will start to drive spending again.
And this is what perpetuates growth in Aussie property. Restrict borrowing power, Create demand by bringing people in, and then ease lending.
Inflation has not stopped, rates staying put!!
😅
3.2% is not sustainably the target of 2.5%, the midpoint of the target range. Prices are down? Stop the wasteful fiscal over spend
Albanese govt has done a good job ? What planet are you on ? It’s thanks to RBA. If the govt hadn’t done the cash splashes, the interest rates would have been lower sooner.
You got no idea
People like you just love to complain. The outcome has been as smooth as it could possibly be. The RBA did the right job and the government are spending money because they needed to spend money, you absolute fool.
@@brendand9721your the foolish one if you think Labors spending is good. They are putting Australia in debt by billions for next 40 years!
@ nah, I’m pretty sure that you’re the foolish one. I think Labor’s spending is necessary. They don’t do it for fun. They have access to information that we don’t. I just don’t whinge about the uncontrollables like you and get on with it. We just went through the smoothest recovery we could have possibly had and people are still whinging lol
@ 😂😂 your so funny if you think being in a recession is a great way in managing the economy! No doubt your looking forward to cost of living to continue if Albo gets back in & puts you into billon dollars of debt with his out of control spending!
Australan's are suffering, small business is suffering. We are being driven into the ground and many forced into homelessness. The Labor govt shoul be held accountable. Albo OUT!
And you’d have Dutton in? Mr nuclear who would spend billions on that and leave us with nothing to tide us over for the decade between when the coal fires power stations are decommissioned and the nuclear kicks in?
Interest rates rose to fight inflation rate rising. The inflation was mainly due to record corporate profits, as reported by the ABC finance some time ago. Small business are going broke just as they did in the last recession which was in the early 90's as alot of them depend on people's discretionary spending.
@@Melancholicmonkey
You do realise Albo has put us in a per capita recession for past 7 quarters! Albo takes the cake with his out of control spending in order to buy votes!
@@Melancholicmonkey Your baseless argument , leaves an intelligence trench between yourself and reality
What are you complaining about ? Where were you when they locked everything down & started up the printing press ? This situation was inevitable.
I agree goods are still expensive. last month hair spry was 5 dollars at Chemist warehouse an month later i paid 8 dollars for the same. (both were regular prices) Not sure where my 3 dollars went 😜
I agree,Western star butter at both major supermarkets went from $4.50 to $7.00 occasionally it will be on sale for $6.50. I hate supermarkets,goods are still way to expensive
Goods will never be as cheap as they were. Inflation is designed to keep prices rising. The amount they rise is governed by inflation.
When inflation reduces it does not mean prices go down
@@TC-sm8rcthere’s a class action going on …. You can register. The lawyers are Carter Kapner Law Firm
Corporate greed and worldwide inflation issues, I am sure that the party for big business will give you hand when they get in.
No rate cuts
My humble prediction is, no cut early this year because inflation needs to fall further and base out for longer period with no signs or rising again before any rate cut. And we'll see a change of government soon.
Albo wants to spend spend spend and still blames RBA. Totally tone deaf and running the country
I think Aussies have pulled back cause we have collectively run out of money and what money we have is barely covering essentials. I don't think rates will change this next meeting in Feb.
The govt however is spending more and more. That is the issue.
Go up another %
Australia is absolutely screwed. I cant wait to leave this country.
Cool, see you, issues in every country.
If they drop it, higher chance we get increases in thr future
if they cut rates Australian home prices will rise and so will
inflation and Australia will be in huge trouble in 12 months
🥱 party line as usual. The only thing that matters is Fed drops rates low enough for RBA and rest of the world to move without collapsing their currencies. Europe is pretty dire but Australia has SOME good fundamentals around exports. Overall RBA has done a good job on slowing the rate of decline of the AUD to prevent an import led inflation firestorm. I would have preferred they took their medicine and tanked the economy for 12 months to give the next generation a chance at asset ownership. That's now lost.
The whole system is stuffed. Buy metal and hedge
Rate cut is good!!!!!!! I love it!!!!
It seems to me that there needs to be a wider conversation about what tools the RBA has available to it to implement monetary policy. Interest rates seems like too blunt a tool.
Gov can help as well but Albo has done nothing but spend which has kept inflation high for longer.
If the govt had any guts it would have implemented a budget repair levy, applied to all taxpayers. But no, gutless as they are, they destroyed mortgage holders, gave non indebted tax payers a free ride and then juiced the economy with irresponsible fiscal measures. Hopeless, they need to go. The RBA played the hand it's been dealt and has done well.
why is everything still expensive
Thank goodness so many people here know about Macroeconomics.
Paying mortgage through my nose for a very average property. Can’t sell it cause you won’t get peanuts for anything in Melbourne 😂 at least give me 500 bucks per month by rate cut yea !!!
Access your super if you're in trouble.
RBA will base decision on data. Dont know why people are so hung up on the exact timing of interest rate reductions. It will happen soon enough, but if your waiting for rate cuts to make a move, join the club and be prepared for competition. If you can get in now, why wouldnt you? Be greedy while others are fearful and fearful when others are greedy.
Government and government spending is far too big in this country.
Really doesn’t matter who you vote for, bureaucrats look after themselves. Rapid Inflation is yet another tax, paid for by the middle class people.
We need to cut down the size of government and government spending if the working class want any chance of a decent living
One obvious indicator of bad times is the huge number of dogs dumped at animal charities around the country as people cannot afford to keep them.
Prevalent at lost dogs home in melbourne!
Dog walkers have lost half their income as people cut back.
Income tax cut and fuel prices cut would be nice to start with.
Stop driving fuel inefficient vehicles. Australia has relatively low tax on fuel and doesn't set the world oil price.
Very low interest rates (2%) and government overkill with COVID is what caused the current pain for Australia. Now, millennials and gen z cannot afford a home whilst boomers who no longer contribute to productivity think they are millionaire geniuses. It will end badly!
It will be another hold
Of the OECD Countries Australia has had the greatest decline in standard of living ! In fact from what I've read we are the only Country in the negative compared to all other OECD Counties. Don't blame the public, governments need to stop f.....g spending our hard earned money and seriously take on price gouging industries
Australia dollar is at all time low
I hate how finance people use “unemployment rate”
They should rather use employment rate
For example 96% employment rate is far more intuitive.
Example:
“Government is looking for lower employment rate”
No rate cut lest the money we have loses more of its value.
Please cut the cash rate so the value of my silver and gold will keep going up.
Albino government has been one of the worst governments in history for everyday Australians
1 Rate cut for regular people means $50 per week…
It means shit.
Some people are suffering because they pretended to have money when they didn't. Don't blame the government or anyone. Look into the mirror. Reckless spending led to inflation and that hits everybody. Inflation is common enemy number one and those who cause inflation should not claim victimhood.
Will be a total disaster if they do, if there was a rate cut, at the most 0.25, not a slashed.
The winning strategy is to not play the game at all
Yeah mate, just rent...
Would be cool if Mark was on the aussie shark tank show
It's all BS.
I’d take what Bouris says with a grain of salt
I would rather a full on recession rather than being made incrementally poorer. Let’s get the recession done and dusted. It’s obvious our economy is stuffed
Disappointed in Bouris for interviewing Albanese. Couldn`t watch it all. Surely he could have had the 1 year old penguin on instead.
So disappointing giving both potential plonkers a chance. 1st choice is average Albo. 2nd choice is evil Dutton, I'll take average over evil.
@@zoltrix7779 Evil ?? I think you are just a bit scared of leadership.
@@steverogers9507 Sounds like you have bought into the right wing hype.
@@zoltrix7779 Probably , I have had an absolute gutful of the Left Labor party and their congregation of total misfits. You may think your a smart guy?🤣😂😅🤣🤣
It’s all crap
Agreed, the world is a stage and we're all actors.
You've been a good consumer, said the millionaire 🐕
Wait - we're not allowed to build successful businesses, and be millionaires now?
How is he YOUR problem?
@ Do your research pal, idolising a millionaire or billionaire is like thinking the stripper really likes you.
He is a mortgage broker, which is a parasite that sits on top of the bank, and on top of the housing ponzi. He is not your friend, nor an advocate for working class people. The bank is designed to rob you.
Hilarious
All about money 👎🏿👎🏿👎🏿
Jim is a liar!! This country has no idea what's coming. The transfer of wealth has begun. Yah help us!
Herd this for the last year. Rubbish
Shirvo typical labour supporter your so full of it and you could never run just wasted tax payers money while we subsidise your hobby.