Warnie...love it, as if we were still living like they did back in the 1950s ......
oh and before the discovery of our resources again....
was China needing resources back then ???? no
grrrrrrrrrrrrrrrrr
about this link...again its only up to 2006...from 1997 the rates hovered around the 6.5 to 7.5 mark on average for over 10 years...that was the start of the Howard years...following the disastrous Labour high interest years regime...
the high interest rates that the new labour govt brought in again in 2007 was a huge mistake , as they soon found out...
the US and the UK are keeping their rates around zero...again AUS made a mistake raising them recently
http://www.aph.gov.au/LIBRARY/Pubs/rn/2006-07/07rn08.htm
ps its really too nice a day to be at the desk, squibbling over housing....
one of the greatest horse races in the world is on today...weather is gorgeous....life is wonderful....
cheers
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