why does this only happen in australia
Apr 20th 2009, 9:32 am
#1
Thread Starter
Joined: Feb 2007
Posts: 489
why does this only happen in australia
when kevin rudd announces australia are going into a recession, at the very same time commonwealth bank announce mortgage rates to rise.
every other world bank are reducing rates to ease pressure.
why ?
http://bigpondnews.com/articles/TopS...ge_323953.html
every other world bank are reducing rates to ease pressure.
why ?
http://bigpondnews.com/articles/TopS...ge_323953.html
Apr 20th 2009, 9:35 am
#2
Lost in BE Cyberspace
Joined: Jun 2007
Location: Tropical North QLD
Posts: 21,434
Re: why does this only happen in australia
when kevin rudd announces australia are going into a recession, at the very same time commonwealth bank announce mortgage rates to rise.
every other world bank are reducing rates to ease pressure.
why ?
http://bigpondnews.com/articles/TopS...ge_323953.html
every other world bank are reducing rates to ease pressure.
why ?
http://bigpondnews.com/articles/TopS...ge_323953.html
)
Apr 20th 2009, 9:43 am
#3
Thread Starter
Joined: Feb 2007
Posts: 489
Re: why does this only happen in australia
So if Australia are not officially in a recession now, what’s it going to be like when they do, as told by Mr Kevin Rudd.
People who have already lost jobs and cant pay the mortgage now find they have no money and higher payments to make.
Even Margaret Thatcher would not do that to a Yorkshire miner
People who have already lost jobs and cant pay the mortgage now find they have no money and higher payments to make.
Even Margaret Thatcher would not do that to a Yorkshire miner
Apr 20th 2009, 9:44 am
#4
Fighting my corner
Joined: Aug 2005
Location: Adelaide, South Australia
Posts: 11,948
Re: why does this only happen in australia
when kevin rudd announces australia are going into a recession, at the very same time commonwealth bank announce mortgage rates to rise.
every other world bank are reducing rates to ease pressure.
why ?
http://bigpondnews.com/articles/TopS...ge_323953.html
every other world bank are reducing rates to ease pressure.
why ?
http://bigpondnews.com/articles/TopS...ge_323953.html
every other world bank are reducing rates to ease pressure.
Woolwich, the Barclays-owned mortgage lender, has raised the cost of its mortgages pegged to the Bank of England base rate ahead of an expected cut in the base rates this Thursday.
The UK's sixth-biggest lender has increased fixed and tracker rates by up to 0.3 percentage points. A two-year tracker for borrowers with a 40 per cent deposit has increased from 2.74 per cent above base to 2.99 per cent above base. The fee is £995.
[...]
Other lenders are expected to follow suit and reprice tracker products this week.
The FSA predicts that there are more rate rises to come, and they will last for years:
Lord Turner, the Financial Service Authority’s chairman, has said that as a result of increased regulatory control consumers are likely to face higher mortgage rates as costs are passed on.
The FSA is now considering a number of new measures in order to avert any future banking crisis.
[...]
Within the report there is an indication that mortgage rates may be high for the next 6 to 9 years as a direct result of the current banking crisis.
[...]
Another worrying sign is the increase in mortgages that is currently occurring as Lloyds TSB, which is part owned by the tax payer, has introduced a fixed-rate deal with a rate of 4.89 per cent requiring a 40 percent deposit - which is 1 percent higher than Abbey, which did not receive taxpayers money.
The same thing is happening in Spain.
Apr 20th 2009, 9:47 am
#5
Thread Starter
Joined: Feb 2007
Posts: 489
Re: why does this only happen in australia
more than 1 line...well done,.
bet you cut and paste though
bet you cut and paste though
Apr 20th 2009, 9:47 am
#6
Fighting my corner
Joined: Aug 2005
Location: Adelaide, South Australia
Posts: 11,948
Apr 20th 2009, 9:48 am
#7
Fighting my corner
Joined: Aug 2005
Location: Adelaide, South Australia
Posts: 11,948
Re: why does this only happen in australia
exactly
Apr 20th 2009, 10:00 am
#10
Thread Starter
Joined: Feb 2007
Posts: 489
Re: why does this only happen in australia
Originally Posted by Vash the Stampede
That's because the Yorkshire miner would have lost his mortgage already after Thatcher killed off his industry and left him permanently unemployed.
yes, but did they not go on to be strippers making loads of dosh. So much that they made a movie about them. Was it called the full monty, you know Tom whats his name sang the song
That's because the Yorkshire miner would have lost his mortgage already after Thatcher killed off his industry and left him permanently unemployed.
yes, but did they not go on to be strippers making loads of dosh. So much that they made a movie about them. Was it called the full monty, you know Tom whats his name sang the song
Apr 20th 2009, 10:03 am
#11
(^v^)
Joined: Sep 2007
Location: North East Tasmania
Posts: 2,199
Re: why does this only happen in australia
Originally Posted by Vash the Stampede
That's because the Yorkshire miner would have lost his mortgage already after Thatcher killed off his industry and left him permanently unemployed.
yes, but did they not go on to be strippers making loads of dosh. So much that they made a movie about them. Was it called the full monty, you know Tom whats his name sang the song
That's because the Yorkshire miner would have lost his mortgage already after Thatcher killed off his industry and left him permanently unemployed.
yes, but did they not go on to be strippers making loads of dosh. So much that they made a movie about them. Was it called the full monty, you know Tom whats his name sang the song
Apr 20th 2009, 10:05 am
#12
Lost in BE Cyberspace
Joined: Jun 2007
Location: Tropical North QLD
Posts: 21,434
Re: why does this only happen in australia
Just realised Sheffield is in West Riding. Ooops!
Last edited by Sally Simpson; Apr 20th 2009 at 10:09 am. Reason: Geography!
