What happens with interest rates will be interesting.
For those in that generation, 17% interest rates in 1989 will be a spooky memory, but at the time the ratio of household debt to income was 68%.
This ratio is now at 187%, with interest rates at 6%.
The point being that 6% today is about equivalent to the 17% rate of 1989 so I get the feeling we're at the or almost at the end of rate rises but the effects are going to still filter through for a while.
PTL I'm sure will battle through, survive & prosper hopefuly in the not too distant future.
What happens with interest rates will be interesting.For those...
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.38M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 19.0¢ | $2.376K | 12.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 23508 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 50674 | 3 |
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| Last trade - 15.39pm 17/06/2024 (20 minute delay) ? |
| PTL (ASX) Chart |
