Errol Parker | | general editor | | Contact
Reserve Bank Governor Philip Lowe says he’s just enjoying the life he’s been given as he struggles to defeat the inflationary beast by raising interest rates.
To ensure liberals keep the real estate conga line up for investors, state and territory governments, and aging homeowners, the Reserve Bank has held off rate hikes for as long as possible. right up until the election. Australians are now paying much more than they were in 1995.
Mr Lowe, or one of the ‘The Late Rude Bodies’ he asked advocate I would like Australians to understand him better.
“I want people to learn and understand that I am only a cog in a dire situation and not the whole clock,” he said.
“If you’re struggling to pay off your mortgage in a ColorBond shit box around an extremely overvalued capital, talk to your bank manager. Who put you in this mess?” They are the financial freshlights you should oppose.”
“When you’re feeling better, throw a pot of brake fluid at your mortgage broker Mazda. I honestly don’t know what people want.”
“Will the housing bubble burst or will there be a recession? Either way, I hope it goes before someone has to make that choice.”
More coming.
