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unchanged: this is bad very bad, a bad decision by the RBA.
Watch the AU$ skyrocket over the next few days,
Watch the air deflate from consumers,
Watch the property market start to deteriorate again, people were expecting this decrease
Watch the retail sector deflate on this, they were really hanging out for this cut, many retail going to go under now, watch this space.
What time period are we talking about here?
They may drop it next month.
Does that sound like a healthy economy & property market to you? So leveraged up that .25 makes all the difference?unchanged: this is bad very bad, a bad decision by the RBA.
Watch the AU$ skyrocket over the next few days,
Watch the air deflate from consumers,
Watch the property market start to deteriorate again, people were expecting this decrease
Watch the retail sector deflate on this, they were really hanging out for this cut, many retail going to go under now, watch this space.
+1Well done to the RBA.
Does that sound like a healthy economy & property market to you? So leveraged up that .25 makes all the difference?
Residential Property:
the big cat in the bag is employment. All the justification for stable property prices is based on things such as demand/supply etc etc. However if unemployment really starts to creap up, demand/supply is irrelevant. A person who looses their job and has a mortgage will find it very hard to meet the mortgage obligations.
Macquarie Group has flagged job cuts of around 10 per cent at its investment banking arm
the bank said its staff headcount across the group had fallen by about 900 between March 31 and December 31 last year.
Why are you quoting me as tech support you weirdo? Did you see I work in IT from my profile? lolI don't think the RBA holding this month will make much difference. If anything, confidence will improve, as people expect the cuts are still to come. Better to believe there are more cuts ahead, rather than believing rates have bottomed.
you werido
Confidence will improve? What measurement/survey are you referring to here so we can check on this later?
Will try to rememer to keep an eye on that index then.Sure, let's go for the Westpac Melbourne Index of Consumer Sentiment.
PS... would it be very hypocritical for someone to join up and post on a forum they claim to despise? Just a hypothetical question...
Does that sound like a healthy economy & property market to you? So leveraged up that .25 makes all the difference?
+1