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OT: Current Affairs and Politics

Bandwagon

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I don't think it'll be that easy. If this goes on it'll be a problem on the supply side, increasing demand through stimulus won't fix that.
 

Gronk

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I don't think it'll be that easy. If this goes on it'll be a problem on the supply side, increasing demand through stimulus won't fix that.

Also when Rudd saved us from the GFC recession, the Reserve Bank was able to drop 400 basis points. IIRC we are at 0.5% now. Not much wiggle room there.

giphy.gif
 
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Also when Rudd saved us from the GFC recession, the Reserve Bank was able to drop 400 basis points. IIRC we are at 0.5% now. Not much wiggle room there.

giphy.gif

Isn't Howard to thank for putting us in a position where we had 400 basis points to drop, plus room to spare?
 

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