Search results

it's always good to have someone else subsidise your living standards...

inflation IS in check though. it's WELL inside tolerances. higher effective rates will only be tolerated for so long. WA might not give a rat's bum what they charge, but the pressure from Syd/Melb/Adel/Bris - then Canberra - will be too much to bear for the banks. the last things banks want is...

the "effect" has been in play - avoiding a recession. the "effect" is now over. no lesson learned, no policy change, no mandate, no regulation. same game as before.

this is not Keating's 1991 - the whole point of avoiding high IRs was to keep people in a job, not cut slack businesses loose and "clear out the dead wood". IRs at 10% is the equivelant of 25% in 91. move with the times.

....never....?

Sash, i too don't think the basic SVR will get above 7.5%. it would cripple a lot of people over east.