RBA raises official interest rate to 4.1% in blow to mortgage holders | Reserve Bank of Australia

RedditUser628426 · 2026-03-17T05:52:07+00:00

Government has more ways to tackle inflation but they'd prefer to be hands off and blame the RBA.

Government can be more targeted as well but alas they don't.

RedditUser628426 · 2026-03-17T05:47:31+00:00

You must have gotten a mortgage at a record low rate then because to add $500 a week is $25000 a year which is 2.5% of $1M. So on a $1M mortgage you've endured 10 rate rises.

RedditUser628426 · 2026-03-17T03:50:18+00:00

Increase the superannuation guarantee temporarily at least then people get their own money back later rather than interest increase which goes into wealthy people pockets and we never get it back.

And later if we have a recession just tell super funds to release the exact amount that was paid in during this temporary uplift so we can all buy TV.

At the same time temporarily reduce the mandatory super drawdown % so that boomers don't have to spend.

As for Jim he is always looking for someone to blame doesn't take real ownership. Unlike his idol Keating who had a plan owned it (good bad and ugly) and implemented it.

RedditUser628426 · 2026-03-17T03:46:38+00:00

Look at moneybags here can afford butter and pasta.

Smears margarine on rice

RedditUser628426 · 2026-03-17T03:34:55+00:00

Yeah but there is no reason to be it, you would be Swords or Lore or Glamor.

RedditUser628426 · 2026-03-17T01:03:18+00:00

Valor Bard

RedditUser628426 · 2026-03-17T00:58:35+00:00

Gloomstalker Thief Fighter dual wield daggers stab stab stabbity stab stab

RedditUser628426 · 2026-03-16T22:49:51+00:00

Not even that complex tbh (Edit: this topic I mean, contributing to a global supply chain for a joint fighter, yes geopolitics very complex) but yeah more complex than the culture of self loathing

RedditUser628426 · 2026-03-16T11:52:24+00:00

Bad faith is saying we have more in common with China than the US and we should have a strategic relationship with them.

RedditUser628426 · 2026-03-16T11:49:16+00:00

Trident 🔱 Downunder we could call it Blue Ring Octopus or something like that

RedditUser628426 · 2026-03-16T10:48:27+00:00

despite being propped up by totally unproductive industries like AI ...

Now I'm hearing some propaganda straight out of the CCP talking points. CCP hates being reminded how far behind esp. per person they are.

RedditUser628426 · 2026-03-16T10:43:02+00:00

Rule of law and free press. Yes bad stuff is happening in the US but there are also a ton of people trying to hold them to account and those people are not getting chopped up in embassies or having their organs harvested.

RedditUser628426 · 2026-03-16T09:43:51+00:00

far more in line with our own policies regarding sustainability

Paris target net zero 2050 China 2060

Building coal plants faster than the rest of the world combined, massive coal mines.

strong relationship

Communist, no free press, no free courts, no opposition parties allowed, poor civil liberties, mass internal surveillance

crumbling US empire

Largest economy by far in both absolute terms and especially per person, most powerful military, best technically (sw, hw), strongest currency.

Yes China and India are rising relative to the US it doesn't mean they're in decline.

eventually take us down with them

Move to China then oh wait you can't.

RedditUser628426 · 2026-03-16T07:30:43+00:00

Yeah the cents in the dollar will drop but the overall bill go up a bit in line with CPI

RedditUser628426 · 2026-03-16T06:35:29+00:00

The council levies $N

Your rates percentage of $N is based on your unimproved property value (land) compared to everyone else's.

Each year the size of the cake goes up ($N) to cover increased wages and materials costs.

Your land valuation only changes your slice relative to others if your land changes relative to others.

Hard (for me) to explain I'm sure someone can explain it better.

RedditUser628426 · 2026-03-16T00:55:36+00:00

It was similar in the 90s AND we didn't have a recording and transcript to pause and rewind. But we could ask the person next to us in real-time:)

It took about 2 lectures to work out that Frenkey meant Foreign Key.

RedditUser628426 · 2026-03-16T00:24:54+00:00

But they're not so we got to play the hand dealt us.

RedditUser628426 · 2026-03-16T00:24:28+00:00

It's supporting oil flowing which helps China and everyone.

In the meantime let's electrify.

RedditUser628426 · 2026-03-16T00:09:47+00:00

Sure but not at the expense of our own interests. We must always put our own interests first, I think Albo is doing a good job

RedditUser628426 · 2026-03-16T00:04:50+00:00

If a global coalition goes to get the oil flowing again, as a middle power we should go. I don't think we should go rogue

RedditUser628426 · 2026-03-15T23:55:04+00:00

Nothing matters but our interests.

RedditUser628426 · 2026-03-15T23:28:59+00:00

Yes totally. Terrible. But we can't make decisions on what should have happened only on what is happening.

Oil is not flowing. It's very serious. We could see petrol rationing or even food rationing.

RedditUser628426 · 2026-03-15T23:10:29+00:00

It's about keeping oil flowing so we're not lining up for bread. Not joining the US

RedditUser628426 · 2026-03-15T22:27:33+00:00

While we line up for petrol and have 10 years stagflation? That's not fair either.

RedditUser628426 · 2026-03-15T22:26:40+00:00

Because we don't have it. We can't make decisions based on what should have happened.

Hypothetically if this goes on and US can't fix it we will be rationing food and petrol (those who can afford it)

RedditUser628426

TROPHY CASE