borrowings are at levels never seen before " so a couple of pc rise will create havock.
Besides, rates increases are used to kill wage push inflation and we are not getting that now. "We'll all be rooned", said Hanrahan.
"Before the year is out".
---------------------------------------------- -average mortgage up 80% in 5 years from 100k to 180k -if this doesn't put pressure on increased wages what will? -and then we get what ? rate increases? - blood in the street before too long!
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Hey tejay,
that economic clock, Property at the top , stocks at the bottom and vice versa. So with the housing market having peaked say 6 months ago we to assume stock market bottomed at the same time? So, now the turn around, investors swing to stocks, but which ones? Must be defensive, say banks , maybe resources, sure wouldn't be buying into building products would we?
