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Shhh. The doom and gloom is supposed to keep rates low!!!

Indeed. If because of the global bond sell off the actual cost of funds of businesses increase in a period of soft economic conditions, the RBA may have no choice to cut rates further.

We are talking about the RBA cash rate in this thread. Surely US yields will impact on AUS swap rates (used to price fixed rates) and govt bond yields, but will it stop the RBA from cutting the official cash rate?

Wistful thinking. Waiting for the world to save us is a passive and lazy attitude.

Good luck on that.

What Evans is saying is there's a "soft easing bias"'and the next possible rate cut move is Nov15 and Feb16. I.e. if the RBA forecast of trend-rate growth of 3% next year becomes unattainable.

But there is no bubble? And "economic prosperity and welfare" is just too obvious and vague.

The RBA has these major mandates (other than the obvious financial stability): (1) Price stability (2) Full employment Think around these 2 important legal mandates.

The Dead Cat Bounce Post-Budget ANZ-Roy Morgan Consumer Sentiment survey http://m.smh.com.au/business/the-economy/budget-boost-to-consumer-sentiment-shortlived-20150610-ghkd1k?skin=smart-phone Similar results from Westpac-MI survey (link to follow)

Instead of my (or your) back story which nobody has a way of verifying anyway, why don't you stick to the topic and refute my economics arguments? Or do you even understand basic economics?

Don't get me wrong. I am a Liberal voter. Both Federal and State. It's a Lesser Evil than the Labor and Greens Hell. But still an Evil nonetheless. "The national accounts included unexpected results for wage income which rose only 0.1 per cent in the quarter, despite employment growth of 0.7...

The Smoke And Mirrors of Hockey's GDP Pipedream: The Blue Line below 0% tells it all.

I doubt the small business stimulus is enough to fill the void of the big ticket mining investments no longer happening. If the RBA uses lagging indicators as you are suggesting, they will be behind the curve and it would be too late if after 6-12 months they find out the stimuli didn't work.

We're going backwards... The Mining Boom years (2010-13) which we squandered, are well and truly behind us.

Thanks to our Smoke And Mirrors GDP. Hockey was quick to grab the headline growth rate (which is nevertheless well below the 3% needed to reverse a deterioration in unemployment i.e. growth is not enough to create jobs to absorb the growing working age population). Remember one of the primary...

OECD is relying on Treasury/Hockey projections. #JustSaying;)

I don't understand the question. Turn in Aussie to what? Markey already pricing what?

LoL GS was one of the winners during the GFC when they shorted those bloody structured finance securities.

Context. It fell and stayed that way. It was not the minute by minute change but the start of a firm trend. We haven't seen the FOREX trend reverse after the Capex release, have we?

Seriously when will the ad hominem end? Did anyone of you fixed their rates and feel cheated by the universe ? Can we get back on topic?