The RBA is recklessly ignoring the mortgage stress of households that were lured into mortgages to prop up the bubble; Australia needs a foreclosure moratorium now!
The major political parties’ economic policies from the 1980s onwards smashed Australian manufacturing, which shrank from 20 per cent of GDP in 1980 to barely 5 per cent now.
The Reserve Bank of Australia won’t admit they are contemplating a mega-crash, but that’s what it means when they publicly announce they have the option of Quantitative Easing (QE)—money-printing.