LVO talks jobs, interest rates, rental market and immigration on Radio 2GB

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Below is a 10 minute interview I gave last night on Money News with Luke Grant.

The interview begins at 4.50 and discusses:

  • Yesterday’s August labour force data from the ABS and why it won’t prevent the RBA from hiking interest rates.
  • Why the inherent lags in monetary policy means the RBA is ‘flying blind’ on rate hikes and risks going too far, pushing the economy toward recession.
  • How Australia’s rental market and labour market will be smashed by the Albanese Government’s mass immigration madness, which is an “inequality disaster in the making”.
  • How Australian and Canada are in a ‘race to the bottom’ in pursuing mass immigration.

Unfortunately, the phone sound quality was average. Next time I will fire up my high-end PC microphone.

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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.