how on earth can they possibly already predict a rate rise next month when they have no idea whatsoever of the impact of the past two rate rises... like we saw leading up to beginning of the GFC, rates went up and up and then down they came all too late to avoid the collapse that we witnessed.
I really am worried for the new first home investors into the market right now.. Mortgage stress I didnt see a concern at current rate levels, but now I believe people are really going to start to feel the pinch.. It only takes a a few missed payments and the lenders will show no mercy!
I still to this date find it laughable that we are still distributing stimulous cash thick and fast into economy, yet hiking rates, taxes and anything else that is possible to cover the costly mistakes we are currently witnessing right now by our incompetent government.
The RBA isnt to blame for this, nor are the banks! Mr Rudd and Mr Swan, WAKE UP MORONS!
