tobacco chewin chewsday?, page-80

I don't think lower interest rates will induce people to borrow more ,as you say private debt is very high ,house prices are stretched to the max anyway ,it's difficult to get a cracker out of the banks now that their funding sources have dried up .It's more to be accomodative to business and to assist those who are trying to employ others and to stop this diatribe that they keep spouting that everything's fine in this country .I hope it doesn't happen but we could be in for a very rude shock if things don't pan out according to their script .Personally I'm not over confident but you make some valid points