Next Interest Rate Movement down?
- Thread starter sash
- Start date
lol i'll believe it when I see it. Just like every other statement made, I'm sure you'll back track and be back here in no time.
Prove us wrong, I beg you
+1 to that.
Hopefully mum and dad kills his internet connection.
I meant from the POV that wages have risen, savings have risen and if we get IR drops it will all be easier.
I'm a patient man
The TV is already conditioning the masses with The Block, Renovators, Hot Auctions etc etc.........it is all going to plan
Prop spot on.....this was laready happening...but it will now happen quicker.
Hard assets like real estate, gold, silver do well in times like this.
Just got Margin called and sold a third...still not worried as I have property and a buffer.
Hard assets like real estate, gold, silver do well in times like this.
Just got Margin called and sold a third...still not worried as I have property and a buffer.
Yeah, you said that on 13.7.2011 here: http://www.somersoft.com/forums/showpost.php?p=811947&postcount=255
but you're still here
Here's a prediction for you:
IR's are headed down, so loan serviceability has increased.
The sharemarket has crashed.
Ppl are sitting on substantial savings.
In 2 - 4 weeks time after ppl get over the shock, money will start to flow into RE investments and certain areas will experience the same boom conditions we had mid GFC Ver 1.0
Let's see
If rates do come down but jobs/income remain stable, there won't be a property correction. If anything there'd be a mini-boom.
I'm calling a big boom in Richmond, Victoria.
I don't see the current selling off on the stock exchange as GFC2. The US government made everyone nervous with their political games before raising their debt ceiling and S&P have punished them. After a couple of weeks stock market will recover the losses of the last few days. Then inflation will be a problem in Australia as we will be dealing with a lower $US dollar exchange rate. Economists will then be factoring in interest rate rises again.
Richmond, where riches are found.
Just noticed a big problem
This Westpac economist keeps saying there'll be rate cuts. He gets it wrong nearly EVERYTIME
I am not happy he is saying that
This Westpac economist keeps saying there'll be rate cuts. He gets it wrong nearly EVERYTIME
I am not happy he is saying that
The situation in the EU is far worse then the situation in the US and that domino will fall soon.
Possible, I think that they'll have to unite further or the markets will take advantage of the situation and bring them all down.
Perhaps they need to get the ECB to print cash and buy some of that toxic debt.....
Mate, you guys quote the markets predictions on rates. The markets were also pointing to 2 interest rate rises in 6mths. So even the economic boffins get it wrong and did a 180deg.
Yeah, listen to the property bulls on here, and you'll be right.
Listen to the property bulls, property won't correct.
Anyway, see you guys, It's a property forum, so as I'm staying out of more property until late 2013/ early 2014 (after the correction), so no point in being here. Concentrate on the ASX (so I'll go find some share trading forum).
Cheers, been fun.
Really? Again? See you in a day or two.
A day or 2, it took him 30 mins
Hey BlueStorm - hang around, I like debating with you.
Hey BlueStorm - hang around, I like debating with you.
let him go, he needs to study for his HSC
Looks like rate cut might be off the agenda again!
I knew it, the moment Westpac's Chief Economist opened his mouth. He has a 100% strike rate of getting it wrong.
I knew it, the moment Westpac's Chief Economist opened his mouth. He has a 100% strike rate of getting it wrong.
who was it that said recently on the forum that 12 hours was a long time in the news....?
seems 6 hours is about right now.... !!!
seems 6 hours is about right now....
!!!
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