Hi ULMM You've presented a range of pretty compelling information on why the RBA should cut the cash rate. So we seem to have The arguments for a rate cut? Capex falling - never a good leading indicator With the CPI at 1.3% (and could well fall), no issue there with a bit of stimulus Real Gross Disposable Income negative Unemployment creeping up Otoh, the arguments against a rate cut? Asset price bubbles and their further fueling by way of a rate cut (and what happens when / if they burst). Certainly the Secretary to the Treasury is concerned by this, and if he is I'd put money on the RBA being worried, even if the A/T and the PM aren't. If GFC Part II happens it would be nice to have some powder dry (above and beyond running the printing press or other form of QE). Other factors / obsevations - Real GDP languishing, but not negative (?yet?). Questions over whether cutting rates will actually have the desired effect (particularly with regards Capex). And whether raising rates - as unlikely as that sounds - would have the effect of slowing the property market. My observation is that when people are confident they borrow - whatever the rate. Similarly when confidence is lacking, borrowing grinds to a near standstill - whatever the rate. So you still think a cut is imminent?