The AFR’s Jacob Greber posted an interesting article yesterday afternoon claiming that the cut to interest rates is Generation X’s & Y’s “revenge” over the baby boomers:
It’s officially time for Gen X and Gen Y to ease up on the Baby Boomer hate.
Falling interest rates are no gift to younger generations
Leith van Onselen
Friday 5 August 2016
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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