webspy, agree...and the banks cannot tell us the same crap...that borrowing costs were so high they had to pass it on to us.... then they report the biggest, highest ever half year profits...just to rub it in...on how bad it is for them...
lets see them try not to pass on the cuts...now in fact you may see them pass on higher cuts... like they have been dropping the 3 to 5 year fixed rates...which tells us where they expect it to go... cheers they left it too late in 2008... the last hurrah was the spring racing season, when gen x were still in lala land, they spent up big on the racing fashion stuff...then it all turned nasty by December 2008 the rate cuts were too late for some, they simply shut up shop before xmas.... even with huge discounting, they could not generate sufficient cash flow to keep going... I cannot see consumers opening their wallets now...and the retailers will have to offer their post xmas sales discounts, now, before xmas, just to get by... cheers
