Interest rate cuts, more money for us! (1 Viewer)

[Graney]

Um, low interest rates mean more people borrow more money, driving up house prices, making it impossible for young buyers to get into the market...

Also, since I like to invest my money in term deposits, low interest rates are fucking shit, I get shithouse returns from the banks.

So no, fuck your interest rate cuts.

 

[Trefoil]

On the upside, mum saves $2,000 a year because of this, which means more money for me to spend at uni. Hmm.

Still not a fan of this housing boom. In the last like 30 years, house sizes have doubled, but number of occupants per house has halved. How the fuck does that work you greedy, vapid slobs?

 

[ziki]

but think, since we are going through fiancial crisis, the loan passed by banks will be less and it will be more strict. Cant exactly say that it will drive up house prices like crazy but yeah, it will certainly have an effect.

 

[Iron]

How dare you live off your poor mother. You disgust and offend me sir

 

[Trefoil]

but think, since we are going through fiancial crisis, the loan passed by banks will be less and it will be more strict. Cant exactly say that it will drive up house prices like crazy but yeah, it will certainly have an effect.

This could be a chance to take a look at the housing situation and say "we need to slow down, do things differently", though.

Do we want to return to another housing boom after this? It would not be a good idea.

 

[ziki]

Hahaha. What economic crisis? What with falling interest rates and petrol prices, let the good times roll.

But seriously this is just going to cause massive inflation. We'll have more money but it will buy less.

http://au.youtube.com/watch?v=2I0QN-FYkpw

but they raised the price when the share prices were shooting through the roof cause everyone had so much money, they lowered it now cause everyone is running out of money. i think this crisis we can consider as a "deflation"

 

[chicky_pie]

I rely on shopping online, especially buying products cheaper online from the U.S than here. Its no more extra money for me, our exchange w/ USD rate is piss batshit. :mad1:

 

[jb_nc]

but they raised the price when the share prices were shooting through the roof cause everyone had so much money, they lowered it now cause everyone is running out of money. i think this crisis we can consider as a "deflation"

Uh, wut. Inflation is running at like 5%.

 

[Trefoil]

Uh, wut. Inflation is running at like 5%.

lol.

Anyway, this rate cut is a far bigger stimulus in Australia than in other countries. Why? Because most Australians have private debt at variable interests rates. Even in countries like America or New Zealand which also have high private debt, they're on fixed interest rate mortgages.

So of all the moves to stimulate the economy, interest rate cuts might be the most powerful.

 

[jb_nc]

lol.

Anyway, this rate cut is a far bigger stimulus in Australia than in other countries. Why? Because most Australians have private debt at variable interests rates. Even in countries like America or New Zealand which also have high private debt, they're on fixed interest rate mortgages.

So of all the moves to stimulate the economy, interest rate cuts might be the most powerful.

you just saw that on 7.30 report lol

 

[Trefoil]

you just saw that on 7.30 report lol

Was it? Shit. I just walked past the TV and since they had the correct figures for personal debt, I figured their variable/fixed interest ratios would be correct, too.

It made sense. 7:30 report isn't one of those sensationalist spacktard shows like Today Tonight or A Current Affair, is it?

 

[ziki]

Uh, wut. Inflation is running at like 5%.

it should drop shouldn it?? everyone lost so much money in shares.... and wasnt it higher before??

 

[jb_nc]

it should drop shouldn it??

No.

everyone lost so much money in shares....

So?

and wasnt it higher before??

No.

 

[Rafy]

3% cut in 3 months. You'd be kicking yourself if you fixed your loan. Many people did early in the year when the government was hyping the inflation problem.

 

[ziki]

No.



So?



No.

oh okay ...

3% cut in 3 months. You'd be kicking yourself if you fixed your loan. Many people did early in the year when the government was hyping the inflation problem.

yeah!! it should be fixed at like 8 or 9 if they did it early in the year

 

[Enteebee]

you just saw that on 7.30 report lol

HMMM YAH I THINK HE PROLLY DID.

 

[wagga]

Inflation is probably already dropping quite sharply..."Australian inflation decreased by 0.6% month over month in November, according to the TD Securities monthly inflation estimate. In October, the estimate was at -0.2%.This puts annual inflation at 3.0%, below the Australian Bureau of Statistics' current 5.0% inflation level."

http://www.forextv.com/Forex/News/ShowStory.jsp?seq=175416&category=Australian+Economic+News,RBA

 

[ziki]

Inflation is probably already dropping quite sharply..."Australian inflation decreased by 0.6% month over month in November, according to the TD Securities monthly inflation estimate. In October, the estimate was at -0.2%.This puts annual inflation at 3.0%, below the Australian Bureau of Statistics' current 5.0% inflation level."

http://www.forextv.com/Forex/News/ShowStory.jsp?seq=175416&category=Australian+Economic+News,RBA

Uh, wut. Inflation is running at like 5%.

well as you can see im in year 9... so im very confused by the two arguments, can someone tell me whose right???
but i still think that its gonna drop

 

[sthcross.dude]

Inflation is probably already dropping quite sharply..."Australian inflation decreased by 0.6% month over month in November, according to the TD Securities monthly inflation estimate. In October, the estimate was at -0.2%.This puts annual inflation at 3.0%, below the Australian Bureau of Statistics' current 5.0% inflation level."

http://www.forextv.com/Forex/News/ShowStory.jsp?seq=175416&category=Australian+Economic+News,RBA

The economy hadn't had a chance to respond to the recent absurd rate cuts when those figures were published.

We won't be able to find anything meaningful about the latest slashes for at least several months.

I predict dangerously high inflation. The RBA will be forced to raise interest rates significantly and we will go further into this inevitable recession.

 

[sthcross.dude]

well as you can see im in year 9... so im very confused by the two arguments, can someone tell me whose right???

Look mate, you gotta do the cooking by the book.