It is time to say it – Enough is Enough! We do not need any more rate increases!
The official RBA Cash Rate has increased for the 10th consecutive time – unprecedented in our modern economic history. We have now reached a stage where it is becoming unnerving as to when our path of rate increases will halt. More disturbingly, this is happening worldwide – not just in Australia.
Central bankers are becoming unhinged and seem to disregard the inevitable financial consequences of a recession as long they win the short-term battle against the unfriendly foe of inflation.
