well the rba board members must have shares in CUS ;) - with...

well the rba board members must have shares in CUS ;) - with rates dropping you would expect CUS debt costs and bailment costs to have substantially reduced since this time last year (provided obviously they are not fixed and are sensitive to the cash rate and that costly hedging arrangements were not put in). Another point to note with the reduction in mortgage costs for the punters, and the additional stimulus packages to be introduced by the govt, you would expect small value discretionary spending to be supported (i.e. beers/dinners at the pub/club, money on gaming etc etc), spending in this area will not doubt be effected in the downturn although nowhere near as bad as spending in areas like new cars, flat screen TVs etc etc...