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all the more reason to call no cut.

zero rates will only help lenders, not individuals / companies. the banks wont go giving ANYONE a 2% mortgage rate.

i say no rate cut. no rate cut will make our dollar rise, which will make other countries stand up and take notice. it's like hold two pair in a poker game - it's a good hand but it's not guaranteed a win. and the flops only just been laid out and we're already "all in".

you know when the light bulb goes on in your head and suddenly the "clunk" of your brain mechanisms cause you to sigh out loud....? well, i just had one of those moments. so, typically, are bond yields tied to long term fixed mortgage rates? not directly of course, but generally fixed rates...

i call a 25bp cut, wil NIL passed on. or nothing cut and nothing passed on.