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It’s now two years since the RBA first started to raise interest rates, resulting in the biggest tightening cycle since the late 1980s. Rates have gone much higher and stayed high for much longer than I thought would be the case as Australian households proved more resilient than expected thanks to a combination of a boost to demand from reopening after ...
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Time for a pop quiz. Which of these trades saves more gas: A) Swapping a car that gets 25 miles per gallon (MPG) for one that gets 50 MPG, or B) Replacing a car that gets 10 MPG with one that gets 15 MPG. If you said that A conserves more gas, you’re mistaken. And it’s not even close. Here’s why: In the first scenario, the old vehicle getting 25 MPG uses ...