Ironically, Gottiboff made a good point yesterday:
Markets do not appreciate the turmoil that is taking place among the 15 or so per cent of employed Australians who are now on the brink of financial desperation. They have suddenly moved from last year’s state of wellbeing to one where they simply can’t make ends meet on their current income.
…Income is still coming but it is not enough to pay the bills. There is a deep seated anger that this suffering is being imposed on them by people who don’t know what they are doing. The seeds of civil disobedience are being sown as some people chose which bills to stop paying.
