My initial thoughts on the RBA’s rate increase today.

Mark, have you ever seen such a government? As bad as this one?

Stop sugar coating it, Mark. Government overspending caused this. Telling consumers to stop spending? That's a governance failure, not a consumer one.

Interview Gerard Rennick

Love the persistence mate.. He is booked in! Stay tuned

Thank you Mark.... persistence pays off and always will. Well done for getting it sorted, it has restored a lot of credibility in my opinion. God Bless 🙌

Mark, inflation was high well before the Iran war, domestic CPI was ~5% prior to the war, so we had an inflation problem well prior; internal RBA models in 2025 said target cash rate should be 5%, they violated their own modelling and started cutting, in the name of a social experiment, to preserve employment at the cost of massive rise in inflation, Iran war just complicates the situation even more 'Joye: RBA's 'hot economy' experiment goes up in smoke'

Government manufacturered inflation from over spending. $50 billion on NDIS and $42 billion on snowy hydro, $100 billion sloshing around in the system and thats just the tip of the iceberg! Controlled financial demolition

As an economics nerd it’s not that complicated; our government and NGO spending is growing exponentially. Our physical creation of goods is not keeping up. The money supply will therefore mean zilch because what is being spent is OUR MONEY…..but NOT by us. If you want to know how SOCIALISTS end up having hyper inflation, now you know. If you vote Labor-Teal-Green, you’re anti-Australian. Hold your noses and vote conservative. There is a point of critical mass. Why do you think we’re importing all this foreign ‘labour’?? The government NEEDS the income tax. But inflation is solved by halving the public service and ending the hundred billion dollar NGO fraud. And that’s why the government said no to investigating it.

The biggest problem is. Most of the morons that voted for Labor (out of control immigration, free stuff for everything and everyone, NDIS fraud and blow out, more public servants) seeing what a disaster Australia is. These morons will vote Labor again (Victoria, prime example)

What are we sitting on now? 15 hikes since post covid? And inflation STILL a huge problem. This isn't working. I think its seriously fucken time to look at raising the GST for a fixed amount of time. 12 months at a time. This will than AFFECT EVERYONE not just a few!!!

Aussies need to band together, I don't let the bank take nothing directly from my mortgage payment I pay them. I'm not increasing it from my base line. If everyone stops paying they can't do anything.

A designed process to continue shafting the majority. Wealth is power and the upper want to crush everyone else

The simple fact is that the Governement cannot control priovate sector spending (unless they tax us more or increase GST) so in reality the only logical Government response is to reduce Gov spending. This has always been the issue from the start of the current cycle. Fact.

We remove access to Employment for hundreds of thousands of Australians. To protect the wealth of other Citizens from inflation. We then spend over $9 Billion on the corrupt Mutual Obligation Industry. - To find jobs that don't exist. - For people who can't work. Genius.

I have just red all the replies you have had from the Ozzie battlers out there it’s just a fkn shit show and we are copping it in the rectum because our government are just puppets for the elites who run the world. Wake up Australia your kids are depending on you

Why blame the people for over spending when the government wipes their asses with 100 bills and we all struggle. My grandpa along with other migrants built this country. He always reminded me one day this will happen Fkn dogs They need to know Jesus is watching god help them

I let go 3 workers about 4 months ago because of the Albo government spending. Knew a recession was coming. Wonder how many other small businesses like me let people go or are going to let them go?

This is just the beginning of the inflation. People globally need to prepare for very high inflation, it's how they are going to collapse the old global financial system, to bring in the new. This is why Central Banksters have been stockpiling physical Gold in unprecedented amounts since the system died in 2008. They know what's happening to fiat currencies, just like they know physical Gold is REAL money.

Have a look at the Victorian Govt. 30 billion dollars just gone. Criminals getting 300 k per year. It’s no wonder inflation is so high

Mark you are way too diplomatic here,so is RBA governor ,who to remind viewers was appointed by the gov. Aggregate demand puts all spending under one umbrella term . She holds back from mentioning gov spend specifically. CHRIS J is a great analyst.Great you had him on your show.

Is there a fundamental flaw in the RBA and Economist arguments around interest rises to slow spending? 1. The rate rise is aimed to slow demand yet most of the inflation is supply side costs. 2. With an increasing retirement cohort increased rates increases their ability to spend

@VukaIlic3 Ffs you can’t think the average person is spending money ! This is all government over spending get a list Mark of all the funding that has occurred for the 1 million plus new arrivals since January Thai year if you all can’t figure out what is pushing our hyper inflation- 🤫

People forget we are a consumer economy, the moment we switch to being a production economy in particular onshore energy production and storage we will then see a decrease in inflation. Make local products and sell them cheaper by having access to cheap energy.

This is far from over. The reserve bank votes 8-1 to increase rates. It’s not even close. Other times the votes 5-4 or thereabouts. They know we are in huge shit.

Let’s face facts Mark , this government couldn’t manage the local school tuck-shops budget !! Christ just look at their history on every portfolio they run !!

Government spending won’t stop with communism so inflation will continue to sky rocket until all wealth is extracted.

Cash rate should of gone up 50 basis points

We can't control government spending, and neither can they. Labor is off the hook.

2007-2008 repeat. Oil increased as did inflation. Second gfc 3 months away emergency rate cuts thereafter . History repeats only difference the economy is contracting.

won't SOMEONE THINK OF THE LANDLORDs.. cash ratee is going right up to 7% this year.

Thank fuck I fixed my home loan in December. Already 1% ahead (scored a 0.25 cut for fixing in the first place). Fixing generally gets a bad rap in Oz, but I’m not sure why.

It should go higher. People should live within their means and it will help reduce the hoarding of properties. Inflation has to be lowered

Hard to take you clowns seriously when you don't mention the single biggest thing driving up demand for housing/goods/services - millions of immigrants coming into the country. Mass immigration is a policy that all the major political parties support.

Private spending? Iran war? What about the billions we send to Ukraine? Infinite immigrants entering the country? This is the result of having a socialist government in charge. Go back through history and you'll notice a pattern with socialism...rampant inflation.

I want to know how increased interest rates reduces inflation! It just appears to give more money to the banks and takes it from mortgage holders. Less money for essentials!! The total outcome is demoralising and depressing for a lot of families!

Everyone knows what needs to be done, but none of those muppets in Government are going to do it. Reduce govt spending, increase the GST, and focus on increasing workforce productivity.

I think honestly, it is time we riot. Nothing else works but we've seen riots get results in the EU.