Michael Pascoe: The RBA is paddling furiously to keep Australia afloat – The New Daily

Reserve Bank governor Philip Lowe has added another line to the picture of a duck appearing calm above the waterline while paddling furiously below.
This particular duck is holding its position against a strong current.
The birds situation is very tricky.
It is further complicated by the RBA duck having an outboard motor tucked under its wing, but its a motor that is dangerous to use and can only be employed in partnership with a bunch of seagulls the duck doesnt trust to handle such a machin…

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