Interest Rates cause of Recession?

Karl FitzgeraldCommentary2 Comments

photo credit: megananne Here we go again! The Reserve Bank is worried it raised interest rates too high. Is that what has caused this downturn? The real cause of this looming recession is the rampant over investment in land. This has pushed land prices to double the long term average in Australia, at 6.6 times the average wage, rather than … Read More