Bananas now blamed for interest rate hike
Jul 25th 2006, 2:52 pm
#1
Lost in BE Cyberspace
Thread Starter
Joined: Apr 2004
Posts: 10,375
Bananas now blamed for interest rate hike
Found this amusing, even the chief economist is blaming the price of bananas
(paragraph 4 if you dont follow the economy)
http://www.theaustralian.news.com.au...6-1702,00.html
(paragraph 4 if you dont follow the economy)
http://www.theaustralian.news.com.au...6-1702,00.html
Last edited by jad n rich; Jul 25th 2006 at 2:54 pm.
Jul 25th 2006, 2:53 pm
#2
Melbourne Australia
Joined: Feb 2006
Posts: 4,169
Re: Bananas now blamed for interest rate hike
Originally Posted by jad n rich
Found this amusing, even the chief economist is blaming the price of bananas
http://www.theaustralian.news.com.au...6-1702,00.html
http://www.theaustralian.news.com.au...6-1702,00.html
Banana & Republic ??????
Jul 25th 2006, 3:11 pm
#3
Karma Comedian
Joined: Feb 2003
Location: Brisvegas
Posts: 3,506
Re: Bananas now blamed for interest rate hike
It's ironic that interest rates may rise to slow down inflation because of the hike in banana prices. Most consumers are avoiding bananas due to the price but will end up paying an increase in their mortgage costs anyway.
Jul 25th 2006, 5:01 pm
#4
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Bananas now blamed for interest rate hike
Originally Posted by jayr
It's ironic that interest rates may rise to slow down inflation because of the hike in banana prices. Most consumers are avoiding bananas due to the price but will end up paying an increase in their mortgage costs anyway.
If it happens.
