The ASX party didn't last long when we cut rates, this won't be any different in terms of a sustainable and meaningful rally"
Nah i disagree there,
These rate cuts will make an immediate impact on consumer spending and this is what the doctor ordered IMO.
It wasn't enough with the Aussie's just cuttung rates as it had to be a combined effort internationally.
This is good news. It's just the beginning of the end to this turmoil as more cuts will be needed down the track but very good kick starting medicine IMO.
I'm happy.
:)
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