Search results

Sphinx, Please get over US, UK and Japan. US - 18 million vacant houses UK - most of guest workers has packed up to Turkey, Eastern Europe, Australia Japan - Could really 2x2 m urban grave can be anybody's dream? Australia - severe housing shortage, rents in some places are dearer...

sphinx, So I say that interest rates even at 0% would not reinflate economy and massive stimulus that equates at least 7% of interest rates reduction would be needed. You say that I am wrong because interest rates even at 0% would not reinflate economy and massive stimulus would be needed...

I decided to start new thread because I do not want this to be lost in a murky waters of confusion of a previous one. Back in 2002 on this very forum I answered the same question and predicted that official rate in no event shall go over 6.5%. Unfortunately RBA board did not listen to me :)...