Possible record low interest rate drop tmrw.

Discussion in 'Markets & Economies' started by TheEnd, Apr 6, 2015.

  1. TheEnd

    TheEnd Well-Known Member

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    Just seen on the news that alot of economists are predicting that the RBA will drop interest rates tmrw another .25%.

    Some buyers are waiting to borrow until they get the rate cut.

    This cut will bring a new record low rate ever in Oz.

    I'm going to sit on the side with my popcorn and watch the bubble become even more inflated over the next couple of years! :eek:
     
  2. SilverDJ

    SilverDJ Well-Known Member

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    I fixed for 2 years at start of this year, because late last year it looked like the likelihood of another drop was slim as it had been stable for well over a year. So if there is another one at 0.25% that would be a 0.5% drop since then.
    But I expect it will all come out the wash in the end, so no biggie.
     
  3. TheEnd

    TheEnd Well-Known Member

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    7.30 report on ABC 1 just did an article about it and they had the finance minister on also.

    The main concern is about Sydney's RE market turning into a bubble. Melbourne is starting to flatten out which is great.

    The recent slump in iron ore price is the real worry as the mining sector is taking massive losses.

    Going to be an interesting year 2015 is!
     
  4. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    It's going to be an interesting day.

    The RBA obviously wants a weaker dollar to support exports, but that doesn't address any of the fundamental issues.




    .
     
  5. willrocks

    willrocks Well-Known Member Silver Stacker

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    The AUD seems to be pricing in a cut already.
     
  6. TheEnd

    TheEnd Well-Known Member

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    Live on ABC 24 news today at 2.30pm Glenn Stevens will be giving his decision.......Cant wait!
     
  7. MyNamesNotBen

    MyNamesNotBen New Member

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    Wasn't the RBAs goal for the AUD to drop slow and steady? That has been happening and has continued to happen since the last rate drop. I doubt they will drop rates again today. It's all hype IMO
     
  8. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    This is the main reason they haven't dropped rates further this year.

    ASX also shot up this morning, anticipating a rate drop.

    Sportsbet paying $1.75 for 0.25% drop (was $1.50) and $2.00 for staying the same (was $2.50).

    Will be an interesting decision
     
  9. SilverDJ

    SilverDJ Well-Known Member

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    Well, they kept it on hold.
    Silver dropped 25 cents and gold dropped AU$15, just under a percent.
    Nothing to see here, move along now.
     
  10. willrocks

    willrocks Well-Known Member Silver Stacker

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    And I was so looking forward to another drop.
     
  11. TheEnd

    TheEnd Well-Known Member

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    O.k so rates are staying where they are for at least another month!!!

    RBA are going to monitor present situation and unemployment figures and after next rate cute of .25% in May they will be watching what The Federal Reserve do over the rest of the year.

    I really hope The Fed start raising rates sometime this year.
     
  12. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    So now we all have to wonder, is this a buying opportunity for PMs?
     
  13. Abossy

    Abossy Active Member Silver Stacker

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    Sanity prevails....at least for another month
     
  14. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    [​IMG]

    [youtube]http://www.youtube.com/watch?v=GGXzlRoNtHU[/youtube]
     
  15. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Did the LA Kings win? I'm an Edmonton Oilers fan myself
     
  16. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    LA lost 2-1 in a shootout against Vancouver today.
    With this lost they've lost the last Stanley Cup playoff berth, overtaken by the Winnipeg Jets.

    LA is facing the Oilers next.
     
  17. sterling-nz

    sterling-nz Well-Known Member

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    It is always a buying opportunity.
    But if you want to buy it cheaper than now there are 2 easy options.
    1st: Wait and you will see the price drop considerably over the rst of the year.
    2nd. Find a shop/company in the USA that you can open an account with , load it up with cash and again wait.
    If/when RBA drops the rate later on down the line option 2 will allow you to double up on your savings.
    I see no other option than for silver to reach new lows this year, so with your money in USD at a US company NOW you will save when the AUD drops more and when silver continues its downward trend.
    I am just making this up as i go, but the more i think an]bout it the better option 2 sounds.
    I may just do this myself if the maths works out:) Though that would mean buying at spot , and i no likey that
     
  18. TheEnd

    TheEnd Well-Known Member

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    Well I cant wait until next month....Its about 95% chance that the RBA are going to lower rates by .25% again.

    Cant wait to see the roof get blown off in the Sydney RE bubble over the rest of 2015.

    Surely it cant go on for much longer.

    Can it??? :eek:
     
  19. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Oh yes it can!
     
  20. TheEnd

    TheEnd Well-Known Member

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    O.k SilverPete, Exactly how will they keep the bubble inflated???
     

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