rent vs purchase, page-45

  1. 485 Posts.
    Just further to my 2 bobs worth... and guess what !

    I was at a BBQ last nite with a State Manager of a Big 4 Bank.... guess what we were talking

    the topic got around to the cost of money...it turns out (cutting a long story short)that this particular banks funding source is (about) 98% australian sourced, and,

    they have allready factored in 2 rate drops to the cash rate @ 25 bpts each prior to May2012... and

    he claims that other aussie banks Fund sourcing may cost aprox 3-40 bp at the wholesale level , also during the 1st half of 2012....

    a perfect "shit storm coming in conclusion

    I'm Back hi ho silver & away....les aka P Hore haaaaa
 
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