Rates cut 1%

We're staring stagflation in the face.  This is a desperate ploy to see if the business sector will chase investment over profit taking. 

It wouldn't surpirse if only 0.5% makes its way to the consumer though.

 

1% is bad news as it means that the economy is a lot worse than we think.

Surprised that Westpac has already announced a 0.80% reduction in their variable rates. 

 

So have Commonwealth.

 

I held high hopes for Turnbull as a credible leader of the opposition but his performance this morning has me concened.

 

Thats an extra $50 in my pocket each week, you beauty.

 

And just heard that they expect another 0.50% reduction in both November and December. 

 

I've just taken out a $500k loan so I'm not complaining.

 

nice one - only problem is the dollar will crash now keeping petrol prices up.  

 

Excellent news, save a extra few hundred per month.

 

Did you buy Dubbo?

 

Who would want to buy Dubbo?

And what would he do with the leftover 100k anyway?

 

You are on fire today Fro!!!

 

  Buy Bafurst and Orange.

 

Ahh the old Bafurst Gem, the joke that keeps on giving

The tall poppy syndrome in all its glory once again.

 

But good for your return to australia!

 

Petrol prices to sky rocket next week boys.

 

on the back of the dollar crashing I guess.

Oil is way way down but the dollar is more

 

Thank goodness for LPG