Few readers will recall the “Whip inflation now” campaign, Gerry Ford’s ill-fated attempted to spur a grassroots movement to combat inflation by changing American’s spending and saving habits. We’ve seen dumb media management of inflation efforts from our own glorious leader, Kevin Rudd, in the last couple of days, writes Christian Kerr.
Inflation figures
Inflation up, RBA waits, ASX rebounds, uncertainty reigns
Given that the RBA has already acknowledged that inflation will rise above 3% for some time during this year before easing, the volatility in stockmarkets and the uncertainty it is generating may allow the bank to leave the cash rate unchanged on February 5, reports Glenn Dyer.
The Daily Verdict: Day 10 and pictures prove important
To be a really big story on television you need to have pictures. That just talking heads are considered boring was perfectly illustrated last night on Melbourne’s commercial television news, writes Richard Farmer.
As Glenn Stevens said: ”Something needs to be done”
John Howard’s nightmare is looming: his re-election campaign could be the first to suffer an interest rate rise, writes Glenn Dyer.
Rate rise: the economists’ reaction
“No surprises there.” That is the response from economists after the Reserve Bank of Australia raised interest rates this morning.
The Economy: Boomtime continues… for now
So called “Underlying inflation” in the last two quarters has been 0.5 per cent, a downside surprise. What sort of underlying inflation number for June could get our central bankers off their bums in August?
