RBA foghorn: Cuts, cuts, cuts!

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Via Terry Mccrann today:

The economy is struggling, really struggling. It’s going to get help from the Reserve Bank with its official rate cuts, now definitely, plural.

But it also needs help and needs help big-time from Canberra — and I stress the broader word Canberra not just simply and simplistically, the government.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.