The RBA also has concerns for the economic forecast and that loss of Government stimulus of the economy will slow economic and wage growth.
The guy with the startled gazelle caught in the headlights look is RBA governor Philip Lowe. You might need to look more closely at the source article to decide for yourself.
Business investment has been weak for years and the most recent national accounts show it was a drag on growth. That’s despite a far better than expected half-year earnings season which delivered record profits and windfall dividends to shareholders.
Once again, employees are missing out on the earnings action, part of a decades-long trend across the developed world. The problem is that, as central bankers now are only too aware, the less workers are paid, the less they spend. And the less they spend, the slower the economy grows.
Chicken and the egg! Not good for the farmer either. Is the cunning Fox the only winner?