In Australia:
"Consumers and businesses are likely to see little of the 0.25per cent interest rate cut ordered by the Reserve Bank yesterday as banks protest they cannot afford to pass on the benefit."
Oh come on, guys! It wouldn't have anything to do with wages, would it? Could it be that you know that wages are too low to even pay back the loans? Could it be that you would be forced to admit that this "globalization" idea you supported doesn't work? Wouldn't have anything to do with that, would it?
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