Video yükleniyor...

Video Yüklenemedi

Ana Sayfaya Dön

"We risk going from short-term disruption to long-term structural damage to the oil market," Mohamed A. El-Erian tells me. "The increase in the oil price is going to persist for a while and that is going to mean not only higher interest rates, but lower growth, higher unemployment and...

188,069 görüntüleme • 3 ay önce •via X (Twitter)

0 Yorum

Yorum bulunmuyor

Orijinal gönderinin yorumları burada görünecek

Benzer Videolar

Yesterday’s increase in Interest rates is not going to do anything to fix the underlying structural imbalances in our economy. It is not going to help build one oil refinery or find a new discovery oil. The reason we have persistent inflation in Australia is because our government is running high immigration, high spending programs alongside chronic underinvestment in infrastructure and manufacturing after decades of privatisation. It is completely absurd that the Australian people are now going to be punished with higher interest rates alongside higher fuel costs. The higher fuel costs is in-itself going to dampen demand by increasing the cost of living so why pour fuel on the fire by increasing the cost of living even more. We are in this mess because of government spending not because Australians are spending too much just to survive. Manipulating interest rates is only dealing with the symptom not the cause. Notwithstanding we can’t solve inflation in the next 30 days, Australia needs to start building more infrastructure and factories and training our children the trades needed to do it. This will increase the supply of essential goods to bring inflation down. People First is the only party with the policies that will do this. We will create an infrastructure bank to fund the infrastructure free from foreign debt and we will bring back the military apprenticeship scheme to train our children how to build and maintain the infrastructure and manufacturing plants. Sign up today at

Gerard Rennick

28,591 görüntüleme • 3 ay önce