I doubt the small business stimulus is enough to fill the void of the big ticket mining investments no longer happening.Now that the Goverment has introduced a stimulus package to help small business I cannot see the need for further rates cuts. There will be a period of 6 to 12 months to see the effectiveness of the initiative before any decision of interest rate adjustments.
Agree.I doubt the small business stimulus is enough to fill the void of the big ticket mining investments no longer happening.
If the RBA uses lagging indicators as you are suggesting, they will be behind the curve and it would be too late if after 6-12 months they find out the stimuli didn't work.
We wouldn't be any better under Labor.The Smoke And Mirrors of Hockey's GDP Pipedream:
The Blue Line below 0% tells it all.
"The national accounts included unexpected results for wage income which rose only 0.1 per cent in the quarter, despite employment growth of 0.7 per cent. Average wages per person fell by 0.5 per cent.We wouldn't be any better under Labor.
Ever since the mid 1980's Labor has been a party with entrenched high unemployment (while supposedly being a party for the working class). They don't believe in fiscally stimulating the economy either (as witnessed recently by Bowen backing down on the tax cuts, which would've put more money in people's pockets to spend in the economy).
Why would you sell?As always that's all very interesting.
So my question is do we buy sell or hold property now in Syd or Melb metro?
Instead of my (or your) back story which nobody has a way of verifying anyway, why don't you stick to the topic and refute my economics arguments? Or do you even understand basic economics?Interesting thread .
For me , I'm not sure if your back story is true or just BS , and obviously many of the other posters feel the same .
My understanding on economics is basic , hence I leave the heavy lifting to people who know more about economics that I do . Hasn't stopped me making money from property investingInstead of my (or your) back story which nobody has a way of verifying anyway, why don't you stick to the topic and refute my economics arguments? Or do you even understand basic economics?
Significantly undermines your credibility . No one wins every day .Well I win every day. Last week my trade gave me commissions greater than the rental income of 5 properties. Anyway. . .