My thoughts on RBA's latest 25 basis point reduction. #rba

It is absolutely retarded that a shadowy cabal of old boomers set the cost of money in closed door meetings and that this impacts the price signals of all nodes in the economy downstream of it, distorting information signals as a consequence. Of course it's 'great news' for you Mark, and 'great news for borrowers', but you know where all that borrowing is going? Unproductive bullshit investments in property, that you've built your entire career on, and bullshit B2B SaaS startups that add zero value to the real economy. This is a fraudulent, Ponzi economy, and the day the bond market calls bullshit on all of it I will have zero sympathy for the Ponzi participants.

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fascinating analysis Mark - hey just out of interest why should a panel of unaccountable people decide how much currency the rest of us have to work for gets counterfeited by the banks?

No - this is not great news at all

How is good news you fucking idiot

Recover from ‘high interest rate period’? By which historical standard?

HOOOOMS

Guy who writes home loans says rate cuts good. Now this is the kind of 250IQ insight I come here for.

This won’t matter with all the new Taxes being passed. With the tax on unrealised gains and Land Tax, it will be very hard for people to keep their home.

What will this do the aus dollar ?

Can't go 12 seconds in without mentioning how good it is for housing speculators... You people are a joke. For a decent number of people this is terrible news.