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Australians frustrated with aggressive interest rate hikes are being warned the alternative is for the government to slash its spending, or demand more in tax.
Construction company collapses have surged over the last 12 months, as Australian builders battle multiple warfronts.
Central banks have yet to engineer anything remotely like the demand destruction, business failures and job losses needed to satisfy their price stability mandates.
In this week’s episode, James Thomson and Anthony MacDonald look at what’s driving your super fund return, ask whether PwC has finally stopped the bleeding, and look ahead to Phil Lowe’s big day out.
Former Labor MP Stephen Conroy has vetoed the idea that wage increases should drive further hikes and said the Reserve Bank of Australia (RBA) is looking to put the nail in the coffin of the Australian economy.