Interest Rates/Aust economy discussion

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Re: INTEREST RATES go up

Postby Q. » Tue Feb 03, 2015 2:29 pm

It's a risk, but i'm going to shift about 50% into blue chip stocks now.
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Re: INTEREST RATES go up

Postby Booney » Tue Feb 03, 2015 2:35 pm

A risk? Yes.

Depends what your plans are for the monies. If you want a nest egg to sit there and build, build, build at no risk. Give it to the bank.

If you want a return to use on a purchase / spend it, stocks are attractive for sure.

I'm more the former than the latter.
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Re: INTEREST RATES go up

Postby Mythical Creature » Tue Feb 03, 2015 2:40 pm

You put your money in a bank and get 3%

You use your money and buy (very small part) the bank you get 5%
If you don't like it, change it. If you don't want to change it, it can't be that bad!
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Re: INTEREST RATES go up

Postby stan » Tue Feb 03, 2015 2:50 pm

Banks may not move much on this one. Can't see them making enough profit to pass much on.
Read my reply. It is directed at you because you have double standards
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Re: INTEREST RATES go up

Postby Q. » Tue Feb 03, 2015 2:52 pm

Booney wrote:A risk? Yes.

Depends what your plans are for the monies. If you want a nest egg to sit there and build, build, build at no risk. Give it to the bank.

If you want a return to use on a purchase / spend it, stocks are attractive for sure.

I'm more the former than the latter.


Mainly will opt for Divident reinvestment.
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Re: INTEREST RATES go up

Postby stan » Wed Feb 04, 2015 11:06 am

The Commonwealth Bank are the first cab of the rank. Interest rate cut passed on in full.

Westpac have followed up as well.

The ANZ have stated a decision will be made on Friday.
Read my reply. It is directed at you because you have double standards
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Re: Interest Rates/Aust economy discussion

Postby mighty_tiger_79 » Tue May 05, 2015 3:28 pm

the rates are down to 2%
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Re: Interest Rates/Aust economy discussion

Postby Jimmy_041 » Wed May 06, 2015 11:42 am

Howard was right: Interest rates will always be lower under a Liberal Govt
Just wish both sides wouldn't f*** the economy to try to provde which one is right
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Re: Interest Rates/Aust economy discussion

Postby Booney » Wed May 06, 2015 12:09 pm

Diamond Joe telling everyone to go and borrow money and invest it "in things that make jobs".
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Re: Interest Rates/Aust economy discussion

Postby Q. » Wed May 06, 2015 12:39 pm

Booney wrote:Diamond Joe telling everyone to go and borrow money and invest it "in things that make jobs".

What a buffoon.
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Re: Interest Rates/Aust economy discussion

Postby heater31 » Wed May 06, 2015 12:50 pm

Booney wrote:Diamond Joe telling everyone to go and borrow money and invest it "in things that make jobs".

Sounds simple but people need job security and a wage to support the borrowing first......
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Re: Interest Rates/Aust economy discussion

Postby stan » Fri May 08, 2015 9:36 am

heater31 wrote:
Booney wrote:Diamond Joe telling everyone to go and borrow money and invest it "in things that make jobs".

Sounds simple but people need job security and a wage to support the borrowing first......

Interest rates are at record lows ftpr a reason and does not typically lead to jon security.

With the last forecast from the IMF, can I suggest people not go out and borrow money but pay down bad debts and dig in because its about to get rough.
Read my reply. It is directed at you because you have double standards
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Re: Interest Rates/Aust economy discussion

Postby toot toot » Fri May 08, 2015 11:15 am

I think people are already paying down their debts. Which is part of the reason all the rate cuts haven't helped. The rates cuts were to allow people to have more disposable income and therefore boost the economy by eating out, spending on retail etc. The other problem is the other costs of living are significantly rising, so if people aren't paying down the debt they are using the spare funds for electricity, private health insurance etc.
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Re: Interest Rates/Aust economy discussion

Postby mighty_tiger_79 » Tue Oct 01, 2019 8:18 pm

Down to .75%

NAB cut it .15
CBA by .13
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Re: Interest Rates/Aust economy discussion

Postby Brodlach » Tue Oct 01, 2019 8:45 pm

Shits me when they don’t pass the rate on in full
July 11th 2012....
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Re: Interest Rates/Aust economy discussion

Postby Q. » Tue Oct 01, 2019 11:06 pm

Image
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Re: Interest Rates/Aust economy discussion

Postby Dutchy » Tue Oct 01, 2019 11:21 pm

Doesn't matter how much they cut rates by, it will not stimulate the economy until they take the handbrake off the lenders
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Re: Interest Rates/Aust economy discussion

Postby Booney » Wed Oct 02, 2019 8:49 am

Interest rates cut again because of rising unemployment, going well at Kirribilli?
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Re: Interest Rates/Aust economy discussion

Postby Jimmy_041 » Wed Oct 02, 2019 10:57 am

There's a looming stock market crash.
Use the extra cash to pay down debt.
It does nothing for the economy but the banks aren't going to help you if you cant afford your repayments
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Re: Interest Rates/Aust economy discussion

Postby Q. » Wed Oct 02, 2019 11:21 am

Dutchy wrote:Doesn't matter how much they cut rates by, it will not stimulate the economy until they take the handbrake off the lenders


That's the whole point of this exercise, sustain the world's biggest Ponzi property market by continuing to lower rates. When it comes undone, it will be catastrophic.
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