When all you have is a hammer…

the unemployment will continue until morale improves

— Antipoverty Centre (@antipovertycentre.org) 2026-03-17T03:52:52.112Z

Obviously not an economist, but I can’t see how pushing up the amount people with home loans have to allocate to that, while petrol is also up, isn’t just gonna lead to a severe drop in spending. Food prices and prices on other goods are also still going to keep going up due to increased transport costs, and everyone’s going to suffer. And I feel like that’s gonna lead to recession in the precious little economy? But again, not an economist, just someone surviving the cost of living crisis with a hotch potch of strategies.

It was a 5-4 decision apparently.

My main cost of living strategy is living off free hot cross buns of varying flavours. Good thing I’m not diabetic, only fat. Apparently the free quiches I have stashed in the freezer were also good, and I used the Latina pasta I had in there for a good few months finally last night and it went down well too.

So, the RBA is choosing to add more people to the unemployment queue. Pawns in their little game of economics. Pawns that will suffer, but whether that continues to be quietly since they’re too busy surviving, remains to be seen.

https://bsky.app/profile/phonakins.com/post/3mh2axmwnk22n

“Indexation” day this Friday, I’ll be seeing $20.50 “extra” go into my account on pension days from later next month, but it won’t stay there long. Watched the Margaritaville ep of South Park again last night from 2009, and it’s feeling like it’s going to be relevant again soon.