tcboss..... the rest of the 'smart world', or non 3rd world countries, have kept their rates at around zero for the past 4 years... and we, supposedly the smartest and richest in brains (the worlds best treasurer)...have had to endure rates at 4.75...down from 7% at one stage.....
and finally, our most incompetent and inept rba boss...drops the rates by a quarter of a %......
$30-$50 pm, is not going to make or break a freekin twistie..let alone send the average houshold on a spending spree of credit and finance.....or urge them to send the prices of houses to the stratosphere.....
dillusional is the only word that springs to mind
but out come the fear mongers again...sigh
I know of quite a few rather large projects in infrastructure...that are eager to go ahead....smart people who look to the future, not be hamstrung by fear..... but they cannot get the banks to finance the project.... because the banks have this huge cloud over their heads.... its called the federal labor govnut....
