Why the RBA might keep raising interest rates: Alan Kohler | ABC NEWS

For the past 50 years Australias interest rate has mostly say between 5 and 7 percent soo this interest rate is not unheard of. The cost of everything is being artificially increased by greedy companies for example the supermarkets and petrol companies are making record profits while Australians suffer we need a royal commission. Add that to massive debt after covid and the massive spike in petrol costs caused by Trumps war and price gouging by petrol companies and this increase is hardly surprising sadly. Housing prices are also being artificially inflated because we are simply not building enough houses our population has gone up millions in the last 20 years and supply has not kept up is this developers not building enough to keep supply low and prices high I don't know

Rate hike against supply+demand works only if it is a free market. Too many industries in Australia are monopoly, duopoly or oligopoly<br><br>This means people are forced to accept price hike as there is no competitions and rate hike will have little or zero impact<br><br>A small scale economy require price regulation on essential as putting faith in monopolies to do the right thing is impossible

On Facebook today there is huge censorship around comments in regards to Treasurer Jim Chalmers. Hundreds of comments &amp; less than half shown no matter what setting. Has the Albanese government done any deals with social media outlets for favourable coverage via censorship?

There are 2 economies, the unregulated finance sector and the linear productive economy, most wage workers contribute to, creating services and products. Since 1980s offshore outsourcing of manufacturing our unions are weaker, while corporations are stronger, simultaneously finance was deregulated and replaced manufacturing with ponzi financialisation. <br><br>Congressman Ro Khanna is a Silicon Valley representative observes that as a direct result, &quot;in the last 50 years The stockmarket has grown 10 000 percent , that&#39;s where the wealth is not in wages. &quot;<br><br>Who does the Economy actually serve? Cost of living is crushing Australians. The Australia Institute found that in the last inflation surge, corporate profits not wages, not population growth accounted for 69% of inflation above the Reserve Bank&#39;s target. Businesses raised prices by $160 billion a year beyond what rising costs required. That&#39;s pure profit-taking, not immigration, not workers, not newcomers building a life here.<br><br>And it&#39;s happening again. New OECD data (2026) confirms profits not labour costs are still the main driver of Australia&#39;s renewed inflation. Twice now, in two separate inflation spikes, the evidence points the same way: profits up, real wages down.<br><br>Meanwhile the Reserve Bank keeps hitting mortgage holders and renters with rate rises instead of addressing where the money is actually going.<br><br>Blaming immigrants for housing costs or grocery prices is a distraction.<br><br>Our governments cowtow to financial markets and as a result the interests of the very wealthy are confused with the interests of the economy. <br>Economisr Richard Werner explains bluntly that finance should support productive and socially useful activities, as opposed to speculation. <br><br>Economics Professor Michael Hudson observes the West has to decline as our economies are dominated by the financial class and the growth of debt. Hudson reminds us that the finance sector shrinks economies. Alan Kohler himself recently observed that corporares are only reinvesting the bare minimum. Lord Maynard Keynes observed that capitalism must have boom.and bust cycles and be bailed out by Governments ( that&#39;s enforced austerity for you and me). <br><br>These corporate capitalist entities use unregulated financialisation mechanisms, such as share buy backs, dividend payouts, rising stocks and bonds prices, capital gains instead of actual tangible productivity investment or activity. And now again with circular closed loop vendor financed data centre projects and AI speculation and commodified GPUs. <br><br>Meanwhile Elon Musk declares <br>&quot; pretty close to being able to replace 50% of all jobs&quot; and<br>&quot;AI is the supersonic tsunami, there will be alot of trauma and disruption along the way. &quot;

No, just blame The workers They are to blame That they wanted to work 6 days to have a better life for the family to pay out the Mortgage to have a better car then the good old rusty Ute that they wanted a shoe instead of 2 dollar Thongs and instead of Two lane garage concrete path the wanted a full concrete natural stone blend blame the workers.

Why might the RBA hike rates? Because you appointed a bunch of losers as Treasurer and Finance Minister. They waste money left, right and centre while families skip meals and switch to home brands. A doctorate in social science (politics), running the economy—what else could possibly go wrong?