Rate cuts, tax cuts and easy credit, but is the cavalry too late for under-siege households?

With traditional monetary policy pretty well exhausted, should the RBA try something unconventional like"helicopter money" to get things going?

Mr Evans said there has been a fundamental change in the RBA's approach where the biggest perceived risk to the economy is unemployment and low wages, rather than,"excessive household debt and frothy housing markets".If all else fails, Mr Evans argues the RBA may have to look at more unorthodox approaches such as quantitative easing, or money printing, to get things going, but that is more likely to be an issue for next year.

The ASX, led by the banks, took of immediately after the election, but there are still plenty of challenges ahead to hold onto the gains. "In contrast however — and clearly supported by the lower Australian dollar and the expected lower interest rates — the Australian equity market surged towards a record high," Mr Tharenou noted.

The continuing strength in equipment investment — which accounts for around 4 per cent of GDP — largely depends on consumer spending. If that sags, so will investment.

Weak wages and lack of job security . These factors will not make people spend.Mathias Gorman economic design is for low wages. LNP will not change status quo

President Morrison ScottMorrisonMP &!Tonto JoshFrydenberg have some explaining to do about their so called strong economy. Hate to see what they’d do with a weak one? We’re about to find out - some panic signs already. Matthias will have to redesign employment and wages again?

Easy credit, When global economy is facing such uncertainty?

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