"Gees jovanco there will be no rate cut. Are you on the RBA board or a mate of Glen Stevens, I love how your way is the right way and if your not on board with javanco your a bull. Have you a crystal ball I doubt it."
i haven't made any argument as to whether i think there will be a rate cut or not. I have no idea. I'm not privy to the data the RBA compiles and have no idea what they are prioritising.
I suspect unless there is an external event ot the part of teh economy not involved in mining continues to weaken you may very well get a cut or a neutral stance.
If i was making a guess i'd say they will be higher by year end because of inflation associated with debasement of fiat currencies across the world.
Also, i'm not saying my way is 100% right, BUT if the govt. is going to favour a sector of the economy why is it choosing to favour one that is unproductive??? housing doesn't produce anything?? Why doesn't it increase favour to another "prodcutive" area. I'd rather see more subsidies and money to soft commodities (agriculture) than housing. Hell i'd rather see more breaks given to miners than money to housing, at least they can sell the stuff they pull out of the ground.
