Australians are poorer because of war on the other side of the world – Michele Bullock’s logic is hard to fault

As far as rallying cries go, Michele Bullock’s “we are poorer, and there is no way out of that” leaves a lot to be desired. It’s not going to win you any applause, particularly when you’re the governor of a central bank that has just announced a third rate hike. But as a blunt way to describe what the US-Israel war on Iran means for everyday households, it’s hard to fault. …