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I voted 200 points or more, but it will take a few years to play out with the odd extended flat period in the middle.
What time frame are you talking about? I voted 75points and am including yesterday's drop.
I thinking we'll get a couple more and they'll stay the same for a 6-12 months.
All depends on what will happen with the economy, we're in surprisingly good shape compared to a few other economic super powers. Be interesting to see what happens when the demand for resources comes off the boil.
I went for 175pts but was including yesterdays 25pts. Why? Just feeling more optomistic than usual! sorry, no sound reasoning from me!
Regards Jodie
Jodie at the end of the day its just a guess like the rest of us.
As Ross Gittins says: Be careful what you wish for...I go for 200pts if we all clap our hands we can make it come true!
But he did also make this good point:Ross Gittins said:But if domestic activity continues its dive, the Reserve will soon stop worrying about inflation, confident that rapidly rising prices and weak demand can't coexist. In this case it will continue cutting interest rates next year, but this would be a sign our luck had finally run out.
Be careful what you wish for.
Unfortunately, as always, the pain will not be evenly distributed. The fortunate will see rates fall as they hold strong jobs and big asset portfolios. The less fortunate with part time or casual work will lose jobs whilst already being in the classes locked out of asset accumulation.Ross Gittins said:Of course, those home buyers confident of holding on to their jobs during what economists euphemistically refer to as a "hard landing" have little to fear. For them the pressure is off.
I voted 200 points or more, but it will take a few years to play out with the odd extended flat period in the middle.
Given the RBA went up 3% and the banks added another 1% odd in the up cycle, its not too unrealistic to see the down cycle take out at least 2% of those increases.
Cheers,
Michael
I go for 200pts if we all clap our hands we can make it come true!