where's the interest wednesday, page-5

Hi all,

Disco,I heard your earlier question but ask yourself.... How could the RBA NOT lower the cash rate in the face of the Govt's brag that the Australian economy is "The envy of the world" as well as the big 4 banks thumbing their nose as at the duck and the RBA and saying they will operate outside of the RBA monetary policy.

Perhaps the RBA are open to more "influence" than they would have you believe!
Geeeez, if you lower the cash rate that would be saying the Aust economy is under some pressure and in need of some stimulus !! ??? but the Govt says the economy is all sweet ?? = Well the Govt are saying Australia has massive pipelines of investment etc etc. That investment is in one sector of the economy only.

I am tooooo tired tonight to go on, hope you get the basis of my understanding though ;-()

Cheers
Obe

Ps. In my opinion the Greeks will tell the world to stick it where the sun don't shine, after all they are no closer to securing the wonderful 10 cent in the dollar deal over the next 10 years that they have been talking about for the past 8 months.