Why interest rates will go lower

Advertisement
olympus-mons

by Chris Becker

Among the shocked and surprised commentary over the headline result in GDP, even the mainstream is starting to understand the income recession that has been going on in Australia for years.

But calls for no further interest rate cuts, given the Australian dollar – which flirted with the 69 cent level yesterday – still show the commentariat do not understand the economy’s largest problem – private debt.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe