Potato_potato

I didn't say teaching was an easy job. The degree is easy, the job is not.

Potato_potato

Looks like they're set to rise again in the next few weeks:

http://www.iht.com/articles/2008/02/...ess/ozecon.php

Bloody Howard!

Trixy

More like bloody Rudd and Labour. Interest rates always go into the double figures with Labour, the banks even increase them on their own under Labor.

BTW to those who judge someone taking out a mortgage and not allowing for increases.. we allowed for 8. We're still juggling. Just how many rate rises do us suckers have to allow before we're not told how it serves us right? When they're 17% I suppose the smug will try and buy our mortgagee homes and gloat some more.

Oh and if interest rates have gone up so much then why is our super down five thousand in two months?

Bloody Rudd.

bcworld

Parliament hasn't even sat yet so perhaps you'd care to enlighten us with which new Labor policies have caused this sudden spike in inflation?

Interest rates have risen 11 times since their lows but even that reflects only 2.75% total....that sort of figure would be the absolute minimum contingency you should allow.

And as for your Super....do you understand how it is invested? Unless its entirely in cash then its hardly surprising that its fallen in value at the same time as most global stock markets have also substantially fallen in value......what do interest rates have to do with that? if you're not happy with your super return then take charge of it yourself and do some research and invest elsewhere....but dont go blaming K Rudd for it!

esperanza

Again, you've never done a teaching degree have you?
Why not just acknowledge that teaching is a very challenging profession, including the training?

Potato_potato

Bloody Rudd? - You're haven a laugh, the man has been in power for all of 1 month.

High inflation is happening due to the increase in wages because of the skills crisis. The skills crisis is due to Howard's poor investment in trade training and education in general.

History shows, the liberal govt often rides the good times and then hands the sinking ship over.

Potato_potato

A teaching degree may have been hard for you. Yes, I will acknowledge that.

Potato_potato

If it weren't for the Labor government there wouldn't even be SUPERANNUATION.

They introduced it back in 1993 and it boosted the economy to unprecedented levels that Howard was handed on a platter to use and abuse.

Do you really think Liberal would have introduced a 9% extra contribution for business?!

Liberal = for the top 20% in society plus big business.

Labour= for the rest.

Trixy

Just who is the Prime Minister again? Rudd right? If I started a job in November but didn't actually do until several moths later I'd be sacked. And why have rates gone up so much independently of the Reserve Bank's recommendation under our new treasurer (another man in waiting to do his job I suppose), when they did not under the previous administrations? Perhaps a lack of faith in Labour is reflected here.

It's funny how Howard got blamed for every interest rate hike but Rudd is off the hook. Howard had more than a threat of a share market recession to contend with during his time, yet throughout the Asian sharemarket crisis and September 11th, it was still on his head if rates went up and super went down. Oh and I seem to recall Howard brought down interest rates from 17%.
Let's see if Labour can bring them down at all during office.

asprilla

Trixy, Rudd has not been in power long enough to have any influence on interest rates. You are deluding yourself if you believe otherwise.

The reason that Howard copped a lot of flak was because his government had an extended period of power, with some degree of influence.

hope this helps,
Mark

Potato_potato

A new PM can't control what's happened in the last 10 years. Howard handed him a sinking ship, now he'll probably have to go down with it (like Keating had too) and try and pull it back up before getting voted out.

Potato_potato

Stoopid people shouldn't be allowed to vote.

Trixy

Don't pratronise me, Mark. All I'm hearing are excuses from Labour supporters but I guess Rudd is good at the blame game too. If a change of government means so little to how our economy reacts then you're deluding yourselves. Even before Parliament meets the economy and share market is sensitised to new leadership. Rudd's government has already affected markets and how banks respond.

How many months do you guys allow for Rudd and co. to stop blaming the last lot, (when it suits because they were also promoting our robust economy being strong enough to withstand a recession when that suited too). Don't tell me they actually inherited a strong ecomony and a massive surplus??

Potato_potato

Is the public really that ignorant and arrogant to believe that the PM of Australia has any real impact on share prices.

What's happening in the US, predominately, effects Australian shares. The US sneezes, the rest of the world catches a cold so to speak.

Anyway, even if you have lost say 10% recently, you have gained 3x times that in recent years due to booming prices. There was bound to be a correction soon or later. You would still be alot better off with your money invested than hidden under the bed.

Potato_potato

You can't change 10 years of neglect in 1 month. It's going to take years for Kevin07 to restore balance. This country was a MUCH better place to live pre 96, pre Howard.