Glen Stevens

Last Friday I continued a tradition of my predecessor in Cook, Bruce Baird, by catching up with one of our more prominent Shire constituents at Tatterstalls Club in Sydney.

Illustration: Warren Brown

The occasion was a public hearing of the House of Representatives Standing Committee on Economics, which Bruce used to chair. The constituent was none other than Reserve Bank Governor Glenn Stevens. The Shire conspiracy over economic management in Australia continues!

As usual, reports of the proceedings narrowed in on the key question of where rates are headed. Sadly, the answer is up,  by as much as 2%. This was not a major revelation as the Governor had already flagged this view in the Bank’s August monetary policy statement.

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  • Peter Robin says:

    02:52pm | 26/08/09

    “Hora novissima; tempora pessima sunt: vigilemus” ‘Times are bad, things are grim, watch out - St Bernard of Cluny 1140AD There is a ‘shitstorm’ coming and it will start in America when the hidden agenda of the liberal left, the moderates multiculturalists and the P.C. brigade hits the soft socialists… Read more »

  • iansand says:

    07:15pm | 18/08/09

    The reason the Reserve had the option to cut rates so deeply was because, by international standards, the rates that Mr Costello left us with were so high.  So Liberal high interest rates are good but Labor high interest rates are bad?  It is no wonder my brain hurts. Read more »

 

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