Rate cut in February?

Discussion in 'Markets & Economies' started by doomsday surprise, Jan 9, 2012.

  1. doomsday surprise

    doomsday surprise Well-Known Member Silver Stacker

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    http://www.theaustralian.com.au/

    I see the retailers are already bleating about poor sales in December, and the MSM is running with it. What's the bet we hear a lot more about this over the next month? The RBA's rate cut was pointless in November/December and a rate cut in February will be pointless as well. What's the point in saving dollars when it seems we're in a race to the bottom with every other fiat currency around the world? We'll probably have the official rate at 3% or less by the end of the year and it won't do a thing to increase retail sales.

    More silver, more gold? Damn right!
     
    doomsday surprise, Jan 9, 2012
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  2. Ag

    Ag Well-Known Member Silver Stacker

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    I'm afraid so - funny how they wait until it's too late then drop :|

    Feb cut will have little impact to retail sales if thats there main objective

    $hit Yeah! KEEP STACKING
     
    Ag, Jan 9, 2012
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  3. kaz

    kaz New Member Silver Stacker

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    + 1 Yep would say a fair bet there will be a rate cut.
     
    kaz, Jan 9, 2012
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  4. TheEnd

    TheEnd Well-Known Member

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    A rate cut just before xmas to make them all think they can spend up big..... And then on new years day news of electricity rises and all other sorts..... And now, more news of rate cuts! Reality is finally setting in... Things ar'nt so good after all..
     
    TheEnd, Jan 9, 2012
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  5. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Banks won't pass it on anyway.
     
    Shaddam IV, Jan 9, 2012
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  6. jnkmbx

    jnkmbx Well-Known Member

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    ^^^ Except for the savers >_>

    What the RBA don't get is that the issue of "retail spending" is due to changes in the industry and consumers.

    As long as people can import goods cheaper than buying local, rate cuts will only allow them to send more money overseas. =_=
     
    jnkmbx, Jan 9, 2012
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