Oz Interest Rates up..
Aug 8th 2007, 12:41 am
#1
DownUnder
Thread Starter
Joined: May 2003
Location: Thorneside, Brissy
Posts: 1,709
Oz Interest Rates up..
Bad for mortgages and exchange rates , but it was expected. Now 6.5%
Aug 8th 2007, 1:47 am
#2
Senior Stella Member
Joined: Oct 2003
Location: Brisbane, QLD
Posts: 394
Re: Oz Interest Rates up..
Bang goes Fox Sports, just as the English footy season is about to kick off!!Grrrr
Aug 8th 2007, 1:50 am
#3
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Aug 8th 2007, 1:58 am
#5
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Aug 8th 2007, 2:08 am
#6
A former regular of BE
Joined: Oct 2004
Location: Carramar, Perth
Posts: 6,241
Re: Oz Interest Rates up..
The worst thing of all is it is yet another nail in John Howard's coffin. Don't get me wrong, I am not a particular fan of his but Kevin Rudd is going to turn the economy back to like it was in England in the 70's. Half the workforce will be on strike as they don't have a silver spoon to stir their coffee etc and interest rates will head up several whole points.
Aug 8th 2007, 2:08 am
#7
Victorian Evangelist
Joined: Sep 2005
Location: Melbourne, by the beach, living the dream.
Posts: 7,704
Aug 8th 2007, 2:23 am
#8
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Oz Interest Rates up..
The worst thing of all is it is yet another nail in John Howard's coffin. Don't get me wrong, I am not a particular fan of his but Kevin Rudd is going to turn the economy back to like it was in England in the 70's. Half the workforce will be on strike as they don't have a silver spoon to stir their coffee etc and interest rates will head up several whole points.
Aug 8th 2007, 3:58 am
#9
Australia's Doorman
Joined: Jan 2005
Location: The Shoalhaven, New South Wales, Australia
Posts: 11,056
Re: Oz Interest Rates up..
The worst thing of all is it is yet another nail in John Howard's coffin. Don't get me wrong, I am not a particular fan of his but Kevin Rudd is going to turn the economy back to like it was in England in the 70's. Half the workforce will be on strike as they don't have a silver spoon to stir their coffee etc and interest rates will head up several whole points.
Aug 8th 2007, 3:59 am
#10
Oiiii.. You slaggg!
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
Re: Oz Interest Rates up..
That'll be when I get me coat....
Aug 8th 2007, 6:44 am
#11
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: Oz Interest Rates up..
The worst thing of all is it is yet another nail in John Howard's coffin. Don't get me wrong, I am not a particular fan of his but Kevin Rudd is going to turn the economy back to like it was in England in the 70's. Half the workforce will be on strike as they don't have a silver spoon to stir their coffee etc and interest rates will head up several whole points.
Dont think todays Unionists are that stupid. Sure there may be protests, Sure there may be work bans, but strikes are just about extinct like the dinosaurs now.
There will be a roll back of work choices though, and workplaces that play hard ball in that area are in for a rocky road. WA will probably suffer the most with this.
The unions policy of not helping people on workchoice awards has paid dividends.
As for the rate rise, they will probably keep going up until the steam comes of the housing market, then there will be the correction that people have been banging on about since late 2005. 20pct probably.
What happens in America, will be repeated in the UK, and will be repeated here.
66 pages on this subject from South London here.
http://forums.cpfc.org/showthread.ph...=&pagenumber=1
Aug 8th 2007, 6:54 am
#12
Oiiii.. You slaggg!
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
Re: Oz Interest Rates up..
Dont think todays Unionists are that stupid. Sure there may be protests, Sure there may be work bans, but strikes are just about extinct like the dinosaurs now.
There will be a roll back of work choices though, and workplaces that play hard ball in that area are in for a rocky road. WA will probably suffer the most with this.
The unions policy of not helping people on workchoice awards has paid dividends.
As for the rate rise, they will probably keep going up until the steam comes of the housing market, then there will be the correction that people have been banging on about since late 2005. 20pct probably.
What happens in America, will be repeated in the UK, and will be repeated here.
66 pages on this subject from South London here.
http://forums.cpfc.org/showthread.ph...=&pagenumber=1
There will be a roll back of work choices though, and workplaces that play hard ball in that area are in for a rocky road. WA will probably suffer the most with this.
The unions policy of not helping people on workchoice awards has paid dividends.
As for the rate rise, they will probably keep going up until the steam comes of the housing market, then there will be the correction that people have been banging on about since late 2005. 20pct probably.
What happens in America, will be repeated in the UK, and will be repeated here.
66 pages on this subject from South London here.
http://forums.cpfc.org/showthread.ph...=&pagenumber=1
Aug 8th 2007, 7:07 am
#13
Lost in BE Cyberspace
Joined: Feb 2005
Posts: 15,526
Re: Oz Interest Rates up..
I read what the people employed in the city of London have to say on the issue on the above thread. Some are directors of Merchant banks, some are economists, others are financial journalists. They are certainly implying that.
Aug 8th 2007, 7:09 am
#14
Oiiii.. You slaggg!
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
Re: Oz Interest Rates up..
Haven't they predicted something similar before (in the UK) and it never materialised?
