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Turning to US politics, Greber says:
It’s a massive shift. You can see it in the way the Democrats feel the momentum.
One of my old sources, I used to be a correspondent in DC, one of my old sources it was as if a month ago the doctor walked in and said, “I’m sorry the test results are terrible, you got three months to live.”
They don’t have many options other than hitting people with mortgages to reduce demand in the economy, which by the way has been driven by an awful lot of federal and state government spending.
The RBA needs to get on top of this and unfortunately people who have mortgages will be the ones who are hit hardest.
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