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"The RBA has lost the plot" "The RBA has no idea" :""These guys are mad"

What is it the kids say? "Tell us what you really think!

Here's a piece in the Australian Financial Review with the columnist telling us what he really thinks of the RBA rate cut:

  • At a time of trend or better economic growth
  • Historically low unemployment
  • Soaring house prices
  • the RBA is punting that massively distorting the price of money and ensuing investment decisions in this way (funnelling unprecedented amounts of scarce capital and people into interest rate sensitive sectors like residential and commercial property) will not damage the productive capacity of the economy or savers' future standards of living.

    When informed of the decision, one of the RBA's staunchest and most respected media supporters bellowed: "They've lost the plot."

Worth a read (the AFR may be gated, but you might have some luck)

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srsly ... this is why the RBA cut

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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