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Whats going on here...not too long ago, people were talking about rates rising in 2015, now Westpac is the latest to tip a cut twice in 2015.
Is the economy really that bad? I don't think so.
I hope rates go up! time for investments to kick in..
Data that came in on Q2/Q3 growth earlier this week was pretty bleak, so expectations of rate movements have adjusted.
im still trying to get my head around assuming rates dont go up or down significantly, are we about to hit a recession or its just going to be slow and flat until consumer confidence returns,
when I was younger, I actually had some faith and credibility in the media comments, but now there is an article about a massive boom and recession within 20 mins of eachtother on a daily basis,
Commodity prices are ALL crap ...everything from iron ore to copper to gold. China is slowing, oil is so low and heading lower (sorry if you owned Santos), AUD heading lower, consumer confidence is falling like a stone, retail has been in a trough for a while , unemployment is edging up .....and there sits Uncle Glenn chewing his nails. Late to the party as ever the RBA will be forced to cut, and as always will cut later and more than they should. Just look at history. At the same time we have mom & pop losing money in the share market and ready to ditch their shares ( you told me Woolworths and Woodside were
safe !! ) ....and buy property. Welcome to the slingshot !!!!! I hope you're ready. Uncle Glenn will be having a coronary .... LL
That's a nice discount. Time to buy or are they going even lower?BHP -24%
That's a nice discount. Time to buy or are they going even lower?
Newcastle Permanent is already offering 3.89% p.a as a 1 Year Fixed Rate. How low can they go? I had to read that a couple of time. I thought it was a typo.
http://www.newcastlepermanent.com.au/Personal/HomeLoans/FixedRateHomeLoan/tabid/94/Default.aspx