RBA governor thinks massive bank profits are good while he wants unemployment to rise

Created
Wed, 15/02/2023 - 18:20
Updated
Wed, 15/02/2023 - 18:20
It’s Wednesday and a lot is going on. The RBA governor appeared before the Commonwealth Senate Estimates Committee today and demonstrated what a troglodyte he is, defending massive bank profits and deliberately trying to cause unemployment. Meanwhile, US data shows that inflation has peaked and is now falling. The pace of the deceleration is picking…