An important conversation with David Llewellyn-Smith, David is Chief Strategist at Nucleus Wealth and the founding publisher and editor for Macrobusiness.
Australia is facing an energy crisis which has been deliberately set-up by a cartel of producers, across gas and coal. As a result we face crippling costs of energy, and a flow through into higher inflation. As a result the RBA will likely lift the cash rate higher forcing households and business to the wall.
But there is a simple solution, one which would slacken inflation, restore normality to the energy market and take pressure off households and businesses. So the question is, will the new Government grasp the opportunity, or will they be too timid (or even corrupt) to do so?
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