australian houses 'world's least affordable', page-22

  1. 4,751 Posts.
    from vt's link

    http://www.theaustralian.com.au/politics/swan-warns-banks-to-limit-rate-rises/story-e6frgczf-1225823994164

    Rudd said;

    Australia was the only advanced economy in 2009 not to go into recession,

    That's come off the back of strong action by ourselves through our national stimulus strategy, school modernisation plan and through the banks, to bring down interest rates as radically and quickly as they did"

    a confusing statement in itself, but am i concluding correctly that Rudd has attributed rates coming down to his stimulus measures? I hope that's not what he meant.
 
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