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Almost 100% certainty?
That like being a little bit pregnant.
I'm calling it with almost 100% certainty. No change tomorrow in rba rates.
Sportsbet is paying $1.001
That wasn't a typo.
Sportsbet is paying $1.001
That wasn't a typo.
Sportsbet is paying $1.001
That wasn't a typo.
-Manufacturing dying a slow horrible death
-Poor business confidence
-Historically high levels of private debt (mainly invested in housing)
-Rising unemployment + continuous deregulation of the labour market, which is resulting in decreased job security
-High youth unemployment
-Falling commodity prices
-Sluggish wage growth
sad but true. Add to that list:
- unproductive speculative bubble in real estate
- deteriorating ToT
- no real direction...where is the vision for anything?
- Government debt blow out, leading to,
- Taxes and imposts rising
- deteriorating standards of living
We need a list of positives now to keep it balanced
My worry - for Sydney - is; if there is a rate cut today, and it becomes the catalyst for a number of folks to think; 'Hey; the rates are so low now...I'm gunna buy me something"The economy needs a rate cut. Sure it will cause Sydneys property to bubble but means more sales, more taxes collected for state and federal govt, more people with cash to spend, more jobs etc etc.
Not raising rates will cause stagnation.
I don't know that this would change much - for a few weeks until the money is spent on the latest tv or Ipad, etc; yes.The positives is that Australia still hasn't gone anywhere near fiscally stimulating the economy so there is a lot of scope to improve it.
The low rates are making all our collective SS existing IP's more CFP.We need a list of positives now to keep it balanced
sad but true. Add to that list:
- unproductive speculative bubble in real estate
- deteriorating ToT
- no real direction...where is the vision for anything?
- Government debt blow out, leading to,
- Taxes and imposts rising
- deteriorating standards of living
We need a list of positives now to keep it balanced
I'm calling it with almost 100% certainty. No change tomorrow in rba rates.
What's happens if they go the other way,and the go up..
What's happens if they go the other way,and the go up..