Search results

Thanks Lizzie ... Then the advert. was on page 9 of Friday's Age sure enough. 4.99% fixed for three years. Does this mean Westpac is forecasting a dip in IRs then rising at the three year mark ? My cloudy and cracked xtal ball would probably sort of agree. Rates will fall further in 2009 then...

3 year fixed at 4.99% Westpac This seems to be true. It was advertised in The Age Friday 5 Dec. Must be some pretty hefty fees however as comparison rate is still over 7%. All that glitters is not gold huh :rolleyes:.... LL

Wealth or no wealth , people still tend to like to have a "roof over their heads". We have a chronic housing shortage, high immigration and (relatively) high employment with reasonable incomes. Hence ... I'll take all the IR cuts I can get thanks Joe. Bring 'em on ! IR futures are...

MW, I was actually winding the tape back a bit further to earlier 2008 , the period when IRs were still rising, inflation was THE PROBLEM, and ( I think) post budget. Rudd was on TV and clearly stated that (1) IRs were "not his business", they were for the RBA to manage and the populous could...

Agree totally Francesco ! And what is even worse is the spineless pollies who conveniently and airily ( read Rudd ) adopt a total hands-off, not our fault blame the RBA, couldn't give-a-hoot attitude. Their chickens will most assuredly come home to roost. LL

Before you ever lock in your low IRs , read a book called "Wealth Wizards" by Mark Bouris...( He's the guy who started Wizard the MB). History shows it's VERY, VERY difficult to beat the banks at what is truly their game. LL

Well I've got no savings but plenty of debt to quite happily erode so ...bring it on !! LL

On the subject of exchange rates ... I can't see why a weak AUD is not really great for Australia. For a start our exports get cheaper ( more jobs), our resources income goes up bigtime as it's all sold in USD. We become cheaper for tourists to visit. So overseas travel is more...

I don't think it's up to forum members to forecast anything, least of all commodities prices. We're hardly the ones with 200 economists "on tap" monitoring the financial world. But I do expect the bleeding RBA who hold us all "by the proverbials" to be able to see more than one metre...

Yes, thank goodness it's only money. Personally? Back in Nov 07 we saw what was happening to house vals in US and had the whole IP flock re-valued and re-freshed all our LOCs. We're in good shape. With full respects to both the forum and nonrecourse, I doubt that threads on SS , regardless...

Crap. Crap. Crap. The RBA had no trouble "at the time" forecasting AHEAD that inflation was going to peak la.la.la .. and then correct in 2010 (sometime) ..They are PAID to look ahead. But they're also paid to be AWAKE to the world !! The stupid RBA was SO focussed on demon inflation they...

Gees.. NO !! ... a heap of info. on the sub-prime crisis was in the public domain waaaay back in 2007 !! If the RBA can't forecast better than You-tube ....like what are we paying them for ?? Also ... MANY countries were reducing IRs in response to the forthcoming crisis back in 2007 ...

Francesco, as far as I'm concerned, THEY definitely contributed to the current situation with their IR rises PLUS their CONTINUED EMPHASIS on how the "killer" of us all was inflation !! How many times did Rudd and Swan lecture us on the evil inflation. What a load of crap !! They were totally...

All "this" makes you wonder whether "a few % inflation" was such a total all-out disaster for our economy as our expert pollies and RBA would have had us believe. Indeed, as this all unfolds (unravels maybe a better word...)it sure seems to me that there are now MUCH worse "conditions" for this...

What is 1% worth...? Apparently every 1% drop in IRs adds $18 billion to the economy. ( I'm not sure if that's the pure saving on interest payments or if there are some other "accounting" factors ) ....In a nation where the pollies think $20 billion is a large surplus ...... LL

Westpac sees cash rate at 4% Westpac is forecasting cash rate of 4% ( now 5.25%). http://www.theage.com.au/national/westpac-tips-an-official-rate-of-4-20081106-5jda.html LL