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RBA is lost in the frightening territory of full employment (www.rossgittins.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

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The Reserve Bank’s behaviour last week can only be described as bizarre. It’s a sign that it’s lost its bearings and isn’t sure what’s happening in the economy or where it’s headed. What has caused its befuddlement? Our unexpected return to near full employment.

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[–] [email protected] 3 points 1 week ago

It's nice to read something grounded in reality. There's too much soothsaying promising those drowning in debt, to pay off an outrageously inflated asset, a happy ending.