by RocketRoosterJr » Wed Oct 02, 2019 11:54 am
by Booney » Wed Oct 02, 2019 11:57 am
RocketRoosterJr wrote:The US economy had crazy low rates before the last financial fiasco, so the public spent up big and when the market fell over eceryone got to share in the pain!
by Dutchy » Wed Oct 02, 2019 12:00 pm
Q. wrote: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.
by Booney » Wed Oct 02, 2019 1:07 pm
Dutchy wrote:Q. wrote: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.
Not sure what you mean here?
by Dutchy » Wed Oct 02, 2019 1:15 pm
Booney wrote:Dutchy wrote:Q. wrote: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.
Not sure what you mean here?
Rates drop, people buy houses beyond their "normal" means because of the low rates. Rates invariably go up and people can't afford to stay in their house and debt builds, disposable income drops, the economy crashes and burns.
by Q. » Wed Oct 02, 2019 1:19 pm
Dutchy wrote:Q. wrote: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.
Not sure what you mean here?
by Dutchy » Wed Oct 02, 2019 1:53 pm
by DOC » Wed Oct 02, 2019 11:00 pm
Dutchy wrote:95% of people need to borrow to purchase a house, it has never been harder to get a loan for this, despite the lower interest rate environment.
Government are lower rates to stimulate the economy, but at the same time over regulate the banks, nothing is changing for years to come.
by Dutchy » Thu Oct 03, 2019 10:46 am
DOC wrote:Dutchy wrote:95% of people need to borrow to purchase a house, it has never been harder to get a loan for this, despite the lower interest rate environment.
Government are lower rates to stimulate the economy, but at the same time over regulate the banks, nothing is changing for years to come.
Over regulated?
by Psyber » Sat Oct 05, 2019 12:12 pm
by mighty_tiger_79 » Tue Mar 03, 2020 2:08 pm
by Corona Man » Tue Mar 03, 2020 2:19 pm
mighty_tiger_79 wrote:Down again.
0.5%
by Booney » Tue Mar 03, 2020 2:28 pm
mighty_tiger_79 wrote:Down again.
0.5%
by mighty_tiger_79 » Tue Mar 03, 2020 2:35 pm
I have the keginator, but perhaps you need one to help wash down the wings after a dunk in the pool...[emoji16]Booney wrote:mighty_tiger_79 wrote:Down again.
0.5%
Morrison/Frydenberg will have to throw another stimulus package out in the very near future. With the bushfires and coronavirus impacting upon the market, the lack of consumer confidence and it's clear the RBA has no confidence in the government to turn things around we're heading into dangerous territory. Expect to get yourself a new TV in the next 6 months, or, you might get that Keginator you've been wanting. [emoji38]
by Corona Man » Tue Mar 03, 2020 2:37 pm
by mighty_tiger_79 » Tue Mar 03, 2020 3:01 pm
Im just battling along with my 40"Corona Man wrote:I could do with a new Tele the 55” is just so meh now.
by Footy Chick » Tue Mar 03, 2020 3:02 pm
Corona Man wrote:I could do with a new Tele the 55” is just so meh now.
Gatt_Weasel wrote:if they (Walkerville) dont win the flag ill run around the block of my street naked :) you can grab a chair and enjoy the view
by mighty_tiger_79 » Tue Mar 03, 2020 3:07 pm
by Booney » Tue Mar 03, 2020 3:10 pm
mighty_tiger_79 wrote:I seen Commonwealth/Westpac passing on full .25
by heater31 » Tue Mar 03, 2020 3:16 pm
But those who are about to sign up......Booney wrote:mighty_tiger_79 wrote:I seen Commonwealth/Westpac passing on full .25
If you're on a variable home loan. Those on fixed loans won't see it.
Basically, the 0.25% makes a $400,000 mortgage drop by $56 a month.
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