Bored at work today, I read the following article on the Courier Mail site - something about "News Limited's shadow board of respected economists" (too funny) predicting an end to rate drops, a steady hold and the next movement to be up.
http://www.couriermail.com.au/news/...e-only-way-is-up/story-e6freon6-1226570299700
Smelling instant B.S, I took 2 seconds to Google a couple of current articles (any article really - there's thousands out there) that paints the real economic picture:
1. Victoria coming to a HALT (go 3rd of the way down the page)
2. Australian Inflation Remains Tame Giving RBA Room To Cut
As we know, rates don't go up when the big daddy of economic indicators is so rotten. Unemployment up, inflation tame, the building industry in a spiral of death, yet rates will go up. Uhuh.
Btw, I really love this line --> "shadow board of respected economists".....Of course they are, News Limited says so.
Gg
http://www.couriermail.com.au/news/...e-only-way-is-up/story-e6freon6-1226570299700
Smelling instant B.S, I took 2 seconds to Google a couple of current articles (any article really - there's thousands out there) that paints the real economic picture:
1. Victoria coming to a HALT (go 3rd of the way down the page)
2. Australian Inflation Remains Tame Giving RBA Room To Cut
As we know, rates don't go up when the big daddy of economic indicators is so rotten. Unemployment up, inflation tame, the building industry in a spiral of death, yet rates will go up. Uhuh.
Btw, I really love this line --> "shadow board of respected economists".....Of course they are, News Limited says so.
Gg