he is from Westpac....he is the only one who has made any sense in the past 5 years....
Bill states, rates will not rise before Sep 2011...if there is an improvement by then...
the others talk rubbish....ludicrous to believe after all the massive natural disaster from the floods, on top of the GFC (economy still reeling from this) that interest rates would rise in Feb 2010 or the next couple of months....... you listen to the others at your peril...
the others seem to forget the hike on hike leading up to xmas 2010, crucified any hope of relief from the GFC....
businesses were still reeling, in pain since 2008 the only stimulous in the economy was the govt school building and other rubbish....it was limited to a very tiny area of the economy...and was only govt related...
most businesses out there were in trouble....and consumers did not rush out and spend at xmas....most retailers were discounting 50% all year, and brought the post xmas sales forward before xmas, just to keep cash flow going..
now the post xmas slump in sales, and related cash flow problems will increase the retailers problems in the next 6 months I reckon we are in for a double dip recession...
then add the woes for miners from the current floods, the govt backdown on upgrading infrastructure, and all the flood hit business, farmers and taxpayers....who have lost everything...they dont have money to spend... 50% of homeowners hit by the floods, did not have flood insurance....who will bail them out ????
anyone who thinks the economy is in good shape, or interest rates will rise....must be crazy imo
