The Reserve Bank has pointed directly to the elephant in the room

3 years ago by a1studmuffin to c/ausfinance

The stock market is a few percentage points away from an all-time high because some of Australia's biggest corporations are making record profits. But Australian households are under pressure, writes David Taylor.

Oh good, I'm sure now the government will do something...

ravishingzombie 6 points 3 years ago

sUpPlY aNd DeMaNd !

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MXYp3Lk66yKv 4 points 3 years ago

iT WIlL tRIcKLe DOwN!!

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zurohki 4 points 3 years ago

I definitely feel like large corporations are trickling on me.

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cuppaconcrete 1 point 3 years ago

At least they waited till winter to blame it on the rain lol

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AskThinkingTim 5 points 3 years ago

Coercive monopolies may just end up price gouging.

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josephb 5 points 3 years ago

I wonder if the July 1 power prices could be considered part of what the RBA is pointing at here. Certainly across many markets in AU like Mobile companies, Supermarkets, etc there are cosy duopolies or similar.

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