Possible record low interest rate drop tmrw.
- Thread starter TheEnd
- Start date
AngloSaxon said:
They don't measure things in what you describe as "Price Inflation". This is the big con that they got the sheeple to believe in.
Of course inflation is at 2.3%, because they can measure it.
The RBA has the data from the banks on how much new loans have been written and how much debt has been paid down. They came to the conclusion based on the current money supply, the expansion of the currency supply (over the period of which they measure) was 2.3% which is in target.
As you can see, the inflation affect is compounding much like principle and interest. The base keeps growing every year. 2.3% multiplied by 2.3% multiplied by 2.3% or whatever the inflation rate was for that year or period. Now you can see, expanding the money supply does not equate to all the currency equally distributed into the goods and services we buy. So some things will over shoot, some things will undershoot. This is what we see as price inflation, the CPI is all a load of BS designed to illustrate the lowest rate of inflation. Shadow statistics illustrates what we experience as the real price inflation.
By decreasing rates, they are hoping that people will take on more loans, expanding the currency supply. As opposed to what they feel is deflation at the moment. People paying down loans and not willing to take up new loans. Anyway I don't know where people in Sydney are getting their money from to buy the overpriced real estate. One thing I know is if they are borrowing, the must be overly confident that they can pay it down.
Slam
sterling-nz
Well-Known Member
Just been catching up on some old threads and wonder if you ever did an update for this?TheEnd said: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!
" I invested 20k into a locally designed and made automotive LPG system that is presently under R&D and I have had some technical input on its design as I am a Diesel mechanic by trade .... It will be light years ahead of any other product and this year I should make up to 100K if the shares and company lift off when the final product is available to sell to the world later in the year....."
Be keen to read a link if you can post it for me .
Thanks
sterling-nz said:Just been catching up on some old threads and wonder if you ever did an update for this?TheEnd said: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!
" I invested 20k into a locally designed and made automotive LPG system that is presently under R&D and I have had some technical input on its design as I am a Diesel mechanic by trade .... It will be light years ahead of any other product and this year I should make up to 100K if the shares and company lift off when the final product is available to sell to the world later in the year....."
Be keen to read a link if you can post it for me .
Thanks
Hey Sterling ye the LPG system is still under development we had a lot of trouble with the actual LPG pump......THe pump is in the u.k being fixed and tested and should be returning to Oz this month. Then it just needs to be fitted to the test car and hopefully we wont have anymnore issues with it.
The boss wants to start selling complete systems to the U.S market asap!
SHell have just released an online car site artcile saying that they believe LNG and LPG fuels industries in the U.S are just about to become very popular as economies are looking for ways to cut down on greenhouse emissions.....Apparently LNG/LPG is the cheapest, cleanest, easiest way to get this job done.
I'm wrapped as it means our LPG system should be hitting the market at just the right time.
Pirocco
Well-Known Member
Cutting rates is, in the current situation, ment to lure bank savers towards products that got overpriced after a central bank-initiated / organized frontrun, as to make them waste their savings, as to erase their purchasing power, as to have no competition when they buy stuff other people / the savers produced.Slam said:
That's the why and desired effect at this stage.
Speculators should wait till after they dumped the stocks of the products they bloated prices of. The longer this stage lasts, the harder it gets for the central planning parasites to proceed 'silently'. A central planning parasite that is forced to drastic measures, is a losing one.
O.k so another month has passed and the RBA have left rates at 2.00%.
Some are saying there maybe another rate cut at the August meeting?
I bloody hope so, so Joe Hockey can call a recession.
The recession is already here with retails numbers coming out today saying they are not as good as predicted.
And jobs are bloody hard to find also its tough out there.
Some are saying there maybe another rate cut at the August meeting?
I bloody hope so, so Joe Hockey can call a recession.
The recession is already here with retails numbers coming out today saying they are not as good as predicted.
And jobs are bloody hard to find also its tough out there.
Caput Lupinum said:
Thanks C.L but i'm pretty sure my mechanics days are over.
I'm just not as good on 'the tools' as I used to be and my lower back problems really are a problem.
Must be from all the overtime I did in my previous years i'm not sure.
Chiropractor says i was born with it.
Todays interview was enlightening as I walked into a full shop of products and a nice clean atmosphere with a very big counter with 1 or 2 salesman behind it.
I could really imagine myself being behind that counter serving customers and making money for the business.
Someone just needs to give me a fair go???
What, like punching keys on a cash register all day? Did you go for a job at Bunnings?