Almost 9% unemployment in the USA and a healthy 5 and half for Australia, yet they are painting a picture so bleak that interest rates will be dropped further more. I'm starting to think the doom has been orchestrated in an effort to rob savers of yet even more money with ever lower rates. We've had much higher unemployment here, like around 9% whilst interest rates were well over 10%!
Many here are applauding the rate cuts like little children been given another bag of lollies. This is a dangerous situation for our future and we'll all one day see the errors of our ways. When we have no local individuals wealthy enough to give us jobs and to buy our homes is when the penny drops for ignorant illiterate.
