Search results

  1. W

    100 basis points RBA cut

    The 3F's - fees x 3 :) And volume. Non Banks are down from 25% to less than 10% of market share. OO loans financed by non banks Though all this must be getting offset by a lower churn rate on mortgages. Will be interesting to see this qtr's earnings and profit reports. If their...
  2. W

    100 basis points RBA cut

    Bet they all drop interest on deposits 1% :rolleyes:
  3. W

    100 basis points RBA cut

    Though always better to have a bottle in front of me than a frontal lobotomy :D
  4. W

    100 basis points RBA cut

    So who says what about the next RBA meeting on NOvember 4? Seems they'll have drop again if they use the same logic and excuses. So who fixed since November 8, 2006? Effective Date Change in cash rate (Per cent) New cash rate target...
  5. W

    100 basis points RBA cut

    One could make a good case real cost of credit is already negative, for IPs at least...and soon to be PPRs. Forget the CPI fabricated by the ABS and the silly buggers played with substitution, hedonics, seasonal adjustments, geometric weighting....and bananas. :rolleyes: Just look at...
  6. W

    100 basis points RBA cut

    Agree about the RBA not managing with foresight Pete. Don't agree property permabulls have found their b@lls again. Though will phone the least dishonest REA I know tomorrow and confirm. :)
  7. W

    100 basis points RBA cut

    Mainly to the people that matter Wally....the banks and their net profit. :D Of course, the scarey thing about the 1% is that it increases the undisclosed (to us) probability that AUssie major banks, in addition to having high exposure to exy foreign wholesale funding, have higher exposure to...
  8. W

    100 basis points RBA cut

    As Dazz alluded before he deleted, he won't rely on banks by then. He'll have so many Somersoft friends and family ready to lend him cash for outperformance, unsecured of course.... :D cos Dazz has learnt well how not to be lumbered with risk. Always better to pass it on. And this will...
  9. W

    100 basis points RBA cut

    But the banks will only be lending to ppl who don't need to borrow :) Lo Docs will probably have fused back into full docs and you'll only get 65%LVR, and revals will be done by convervative old Marxist valuers who don't want to see anyone get ahead by tapping that equity. But the cash flow...
  10. W

    100 basis points RBA cut

    Off you go to the bank to get a loan then....
  11. W

    100 basis points RBA cut

    Don't think I read any analyst or econ journo who predicted 1%. Bill, you might be a bit right about the rate cut knocking the AUD, but commodities came down a lot too, oil 6.2%. An economist on ABC market update at lunchtime was saying the AUD has been everywhere between 0.50 and $1USD in...
Back
Top