Given traditional monetary has almost been exhausted as interest rates approach zero, Citi's economics team has suggested the unconventional tool of"helicopter money" could be dispatched from Martin Place.
"It [the RBA] has repeatedly noted the significant drag from tax on disposable incomes as a headwind for households," Mr Read said. Then there's a whole lot of other un-sexy, non-headline-worthy ideas floating around — not exactly the proverbial BBQ stoppers that elections appear to hinge on. A heady 263,000 new jobs were created in April, while unemployment fell to a 49-year low in the US of 3.6 per cent. If there was a grumble, it was wage growth failed to live up to expectations. Sound familiar?
The Ponzi must be protected at all costs.
We are already at emergency settings without an emergency. What does the RBA do if China pulls back, or when this inevitably doesn't work?
They should be hiking the rates
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Macquarie Bank calls on RBA to cut cash rate | Sky News AustraliaMacquarie Bank has become the latest financial institution to call on the Reserve Bank to cut the official cash rate before the May 18 election.\n\nPressure is mounting on the RBA as the economy grows sluggish in the grip of weak inflation, GDP growth and house price uncertainty.\n\n\n\n\n\n After 6 years of LNP management, and 17 of the past 23 years, the economy is tanking.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Macquarie Bank calls on RBA to cut cash rate | Sky News AustraliaMacquarie Bank has become the latest financial institution to call on the Reserve Bank to cut the official cash rate before the May 18 election.\n\nPressure is mounting on the RBA as the economy grows sluggish in the grip of weak inflation, GDP growth and house price uncertainty.\n\n\n\n\n\n TheKouk Australia's economy is ratshit😢 Go on Australia vote in Labor and get what you deserve😡 TheKouk Mr Koukoulas given this why is their so much focus on wages growth? TheKouk But isn't the economy supposed to be booming under Morrison and the Coalition. Time for Sky to admit Coalition is a dud and give a new horse a go
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Property slowdown gives RBA room for election campaign rate cutProperty slowdown gives RBA room for election campaign rate cut | swrighteconomy
Source: smh - 🏆 6. / 80 Read more »
Banks must pass on cuts if RBA moves: Frydenberg, BowenTreasurer Josh Frydenberg and shadow treasurer Chris Bowen have warned the big banks to pass on interest rate cuts to workers to stimulate a slowing economy That’ll work😀 It shouldn’t b up 2 the reserve bank to stimulate economy! Lol
Source: smh - 🏆 6. / 80 Read more »
Bank funding cost fall sparks 'out-of-cycle' rate cut debateWeak loan growth and expectations of a cut in official interest rates have triggered a sharp fall in banks' funding costs, sparking debate over the prospect of 'out of cycle' mortgage rate cuts. clancyyeates XRP ripple will take over it all
Source: smh - 🏆 6. / 80 Read more »
Credit and credibility: Who loses most in a pre-election rate cutThere is now a better than even chance the Reserve Bank may cut rates next week. After years of inaction, such a move, just days out from an election, would be political dynamite
Source: abcnews - 🏆 5. / 83 Read more »
Aussie dollar falls to US70c, Dow Jones falls 122 points after Fed indicates no rate cutThe Australian dollar falls as low as 69.95 US cents overnight, while Wall Street continues to drop from its record highs over the Federal Reserve's stance to not cut interest rates. Because the Australian economy is in such capable hands?
Source: abcnews - 🏆 5. / 83 Read more »
Dow Jones drops 163 points after Fed signals no interest rate cutsWall Street's hopes for a rate cut were dashed after the Federal Reserve gave a strong signal that interest rates would not fall — or rise — in the near future.
Source: abcnews - 🏆 5. / 83 Read more »
House prices continue to fall clearing way for rate cutBreaking: The national property market has suffered its biggest annual fall since the global financial crisis, clearing the way for a rate cut | swrighteconomy swrighteconomy swrighteconomy Not going to happen, with global cost of capital on the increase and labor wanting to introduce inflationary wage increases. The RBA is stuck wanting to decrease but other economic forces push them up. Bubble burst coming.
Source: smh - 🏆 6. / 80 Read more »
House prices continue to fall, clearing way for rate cutThe national property market has suffered its biggest annual fall since the global financial crisis, clearing the way for a rate cut. It's shocking, they've absolutely plummeted all the way down to $1.8 Million... Wait for it Sydney😄 You ain't seen nothing yet😂😂 Get ready for another 15% correction in both cities Australia..😟
Source: theage - 🏆 8. / 77 Read more »
Shock number could force rate cutIt looks like we’re about to get an interest-rate cut for the first time in two-and-a-half years — and it’s all because of one number. P&I home loan rates are as low as 3.64% not sure we’re your figures are arrived at. The average person does not care if the RBA. Cuts rates as there is no gtee it will. Be past on. If cut Liberals will take credit. Labour will not let this happen? Thoughts?auspol2019auspol
Source: newscomauHQ - 🏆 9. / 77 Read more »