If interest rate cuts are such a good thing, why not just cut it down to 0% and we can enjoy forever ASSET GROWTH BOOM. Everything from shares, properties, arts, foods, everything! Woohoooooo! Everyone is going to be rich!!!
Not for me. I do not have any debt beside my HECS/PEL where interest rate is dependant on inflation, and interest rate cut usually mean more inflation.
Plus, I am a disciplined saver who do not really add "value" to the economy because I DO NOT SPEND recklessly. So thereforce, I am punished for being a stupid saver and not a spender and be in debt like everyone else.
Hi,
I agree, probably half or maybe a bit more. The size of the cut was to allow everybody to win.
Not for me. I do not have any debt beside my HECS/PEL where interest rate is dependant on inflation, and interest rate cut usually mean more inflation.
Plus, I am a disciplined saver who do not really add "value" to the economy because I DO NOT SPEND recklessly. So thereforce, I am punished for being a stupid saver and not a spender and be in debt like everyone else.