I think that you need to get ready for a cut in interest rates....

I think that you need to get ready for a cut in interest rates. I am of the view that if rates go up much more the major banks will be in trouble. Information published in the newspapers today indicates that 35% of all homes nation wide are owned outright and 35% ARE SUBJECT TO LOANS. The turnover rates in homes is about every 7 years. The 35% who have a loan will have various amounts some large and some small. It will be that half of the 35% would have a large loan. Put another way 1 in 6 home owners will feeling some real pain.

As for inflation the goal posts will be moved so that we don't measure inflation. This was the objective of workchoices to hide real increase in wages in the WEST.

Everyone knowes wages were out of control in the west but inflation figures were low as wages were taken out due prvate agreements.

Get set for a cut in rates.

Kevin