If only pollies on either side of the fence actually did their job rather than putting all their energy into spin and survivor strategies I might actually jump off the fence.Yeah, but... these rate rises were predicted to happen like they have anyway, regardless of which party won the election, as a factor of the global economic circumstances of the impact of Covid. We're part of an interconnected globalised economy which goes in cycles, world wide.
So it makes as much sense to call it Scomo inflation (from back when he secretly made himself the minister for five things) as it does to call it Albo inflation. But you can bet the conservative new sources will play it up as being Albo's fault, to try and get their potato man back in power... and puppeting their catch phrases on here is beneath you Hindy.
If only pollies on either side of the fence actually did their job rather than putting all their energy into spin and survivor strategies I might actually jump off the fence.
Full quote was actually spruiking the Minnesota Governor's own achievements, not critiquing NSW:The Minnesota Governor inadvertently summed up Minns very well when he met him this week.
"I’ve always said this, you don’t get elected to figure out how to get re-elected"
The problem is Alboflation. With no end in sight to lunatic levels of immigration and Albo tearing down the border with India, the bond curve is eloquently expressing a permanent per capita recession in an inverted 1-5 year curve.
The 2-10 year shows that headline recession remains unlikely for the same reason of more warm bodies:
RBA futures are still forecasting no rate cut until the end of 2024: Bonds markets are less hawkish but equally sceptical of any easing in 2024: The problem is Alboflation. With no end in sight to lunatic levels of immigration and Albo tearing down the border with India, the bond curve is...www.macrobusiness.com.au
He's got eighteen months to the next election.
Though could go as early as August 24, so about nine.
Inflation goes down slower than it goes up ( generally ) , it peaked in December last year at 7.8%, last qtr ( sept ) it was down to 5.4% June qrtr 2022, directly after the election ( May ) it was 6.1%, that's what the current government inherited. So under Alboflation the inflation rate has now dropped 0.7%
So what kind of number do you reckon would you call "turning it around" in 12 months?
As I said. I voted him in. I will be patient cause I am rarely wrong.