Hi Lapdog nice to know you agree with me. Rudd did panic.
I dont know how your coming up with the assumption that everyone in australia with a credit card was on the verge of default.There was still healthy levels of employment people were still paying their cards off.It was nice of Mr Rudd to give us that money.Mine went towards my car rego.
Talk about profligacy.lets give everybody money so they can buy themselves a present now thats being profligate.
As for ratings agencies.I personally believe that after both Moodys and Standard and Poors gave AAA ratings to mortgage backed deriviatives before the crash.Helping to contribute to the crash itself,That anyone would have to be a fool to give any credibility to anything they say.
The high Aussie Dollar, I think you'll find that has more to do with the carry trade than anything else.It can be argued that the high dollar is actually hurting our economy.The RBA are lowering rates,they only do that if they see the economy softening.So I dont know what Swans got to brag about.
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