Should I go retrieve my baby? It's down the drain with the bath water?

Yes the end of life as we know it, oh wait that's the $3m super tax. next! lol

Parliament returns in August, first order of business... Tbh I don't think our politicians get enough time off, or paid enough for that matter.

Kind of funny when probably the decision is based on unemployment rate which they were expecting to be higher.

So it means that rate stays the same because there are too many still working?

And if they cut then the employed will go on a spending spree stoking inflation?

I don't know but maybe RBA should be looking at a different metric or approach.

It's all manipulation anyway. It's farcical that us investors tune in to hear what a group of manipulators have to say about an economy in which they have created and don't understand.

They created the inflation along with Banks and government, call it CPI, but, they don't include asset inflation. Then, financial markets stand-by for what these group of people tell us to think about the economy... but they're the last people to actually know what's going on in a household.

Farcical

Buy btc

Reported this morning that M. Bullock said they simply don't trust the monthly ABS figures. Also, the calculation of trimmed mean is different for monthly than quarterly, apparently.

Long story short, they want to wait for the quarterly figures due June 30, for reassurance the trend is in the right direction, before they cut again.

The take-away seems to be that if June quarter trimmed mean comes in at or below 2.6, they will cut in August.