Discussion in 'Currencies' started by ozcopper, Jul 2, 2019.
Interest Rates Just Cut To 1% Official Cash Rate.
How long before they go into the negative like a lot of other counties.
I remember in the Keating days of 18% interest.................
‘It's a reality of life that interest rates always go up when you have a Labor Government.‘ John Howard 2004. https://pmtranscripts.pmc.gov.au/release/transcript-21498
Let's see if the banks pass on the full cut
Peoples appetite for credit must be really drying up, RBA looks very scared. Ponzi systems don't work very well when credit contracts. Ozzie QE by Christmas?
They will ... for depositors.
ANZ have just announced that they will pass on the full 0.25% cut for borrowers
That'll make Gov Lowe "Bad Santa".
I wish I knew where else I could put all of my savings where it could do something other then enriching the banks shareholders while doing nothing for me.
Interesting that I'm getting 1.8% on my normal savings account with CBA considering they can borrow at the RBA for only 1.25% atm.
The pension deeming rate is 3.25%.
With 1.90% inflation, real negative interest rates are here for many.
And I don't believe inflation is only 1.9%....
Your right. I should have been more specific......The Govt's official (bastardised inflation rate). If they had kept property in the inflation calculation, the real inflation would have been higher and I suspect well over the RBA's 2-3% target band, thus higher interest rates which probably would have kept a lid on property prices.
ABC new article: https://www.abc.net.au/news/2017-04-20/inflation-data-suffers-from-exclusion-of-housing/8457718
The meat i buy has gone up almost 20% in the last 5 years. More or less the same for anything of high quality.
Can always buy a few of these. https://www.danmurphys.com.au/product/DM_552022/r-my-martin-louis-xiii-the-origin-1874-700ml
and they are talking another .25% cut next month
I hate to admit it but I do agree with Labor about bringing the tax cuts forward,but just think even for just one second that Labor were in the lodge falling tax revenue and 600,000 electric cars + + & +
The Book of Romans Chapter 10 v 9
that if you confess with your mouth the Lord Jesus and believe in your heart that God has raised Him from the dead,you will be saved
For that price, I'd opt for 150 odd cases of beer. Enough to keep me going through the initial SHTF stages and are divisible for barter in need.
alcohol stacking is for amateurs. soy latte's and coffee cups is where it's at. when SHTF those hippsters will still need their morning latte to function and look cool.
Some words from Treasurer Josh Frydenberg (aka potato head)
There you go, all is fine. ScoMo will still achieve his surplus as there is no need for government spending.
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