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Good news for Lefties.....Low interest to stay!

Discussion in 'General Discussion Forum' started by byso, Jun 9, 2005.

  1. byso

    byso Well-Known Member

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    For the Lefty AE conga line enjoy! !lol ...........What happened to the proposed doom and gloom of high interest rates?


    Stable rates we can bank on

    By MATHEW CHARLES and IAN LOVETT

    June 9, 2005

    HOMEOWNERS can sleep easier after the Reserve Bank's decision to keep interest rates stable provoked forecasts they are unlikely to move north this year.


    Experts are even suggesting the next change could be downwards, either later this year or early next year.

    Under that scenario the RBA would drop rates to breathe life into a slowing economy and help combat rising unemployment.


    While the RBA never explains why it keeps rates unchanged, AMP Capital Investors chief economist Shane Oliver said there was no reason to support a rise.


    "On all fronts, the case for raising interest rates has dried up," he said.


    But a raft of tepid economic data had few tipping the RBA would increase rates from the four-year high of 5.5 per cent the bank pushed them to in March.
     
  2. ManlyBacker

    ManlyBacker Winging it Staff Member

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    "breathe life into a slowing economy and help combat rising unemployment"
    "raft of tepid economic data "
    Where does that come from? House prices in a slump, every retailer has a sale on, billions pumped into a war no one wants to know about etc. Yep, the RBA kept them on hold because to raise them would affect a fragile economy guided by the grinning PMwannabe. We still don't see the national infrastructure projects that would lift employment and assist business - instead we get handouts to individuals who don't need them.

    Doesn't mean I believe that the other mob would do a better job, just that the encumbants are very uninspiring.
     
  3. byso

    byso Well-Known Member

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    Looks like CW is ignoring my thread.......Were's my tissue!
     
  4. Dan

    Dan Administrator Staff Member Administrator 2016 Tipping Competitor

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    youprobably used them all up thinking of Howard!
     
  5. fLIP

    fLIP UFO Hunter

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    Very good zap.

    I would say low interest rates are good for everyone byso, not just the "Lefties" you refer to
     
  6. byso

    byso Well-Known Member

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    Your right champ but I thought the Lefties would be happy considering the Doom and gloom that they've bantered around. j/k
     
  7. Dan

    Dan Administrator Staff Member Administrator 2016 Tipping Competitor

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    whatever kleenex boy!
     
  8. fLIP

    fLIP UFO Hunter

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    daniel, one of my mates at work has the nickname Sorbent. The sook just cries about everything. Its quite a cleaver name too if I do say so myself.
     
  9. ManlyBacker

    ManlyBacker Winging it Staff Member

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    Yes Sorbent. Softness and thickness. Apt for a prop who shall remain statistically nameless.
     
  10. Dan

    Dan Administrator Staff Member Administrator 2016 Tipping Competitor

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    I wsnt talking about Crying!

    Byso needs the kleenex for something else when he thinks of Howard :D
     
  11. byso

    byso Well-Known Member

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    I need a bucket when I see a photo of you in my photo gallery here! :twisted:
     
  12. Dan

    Dan Administrator Staff Member Administrator 2016 Tipping Competitor

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    talk your self up champ!

    :blaugh: :blaugh: :blaugh: :blaugh:
     

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