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If record low rates hasn't spurred the economy, I don't see a few more doing much. But, having said that, I am more than happy for them to continue on their merry way. :cool:

They may not run for long, but it takes a while for folks to warm up and start to spend afterwards. Keep in mind that even in this current climate - which is not officially a recession - many folks have stopped spending on lots of things - going away on holidays, higher end white goods, and so...

LOL!! ;) And; they'll be calling to see if the very few Vendors they will have on their books will drop their asking price. :rolleyes:

I've been spruiking economy d&g for a while. I have my doubts as to the success of this latest $20k stimulus; you need to be able to service the $20k for a start, and you need to be making a decent taxable profit for it to be an incentive for folks to do it. The next Quarterly figures will be...

In my opinion, we are pretty much already in one. Not officially and by the technical measurements, of course. And yet; r/e is booming in a lot of areas around Aus. In a true recession, I predict the r/e will simply go flat. There will always be the small percent of distressed sales...