dow closes down 500 points, page-35

d_crome

Our RBA will drop rates when they have to, this protects the housing market for all the baby boomers that have a vested interest (including politicians)! I doubt they would want hundreds of thousands of people screaming about the $293 a week pension and how it should be raised. It should start in the "mortgage belt" type areas, if it hasn't already begun IMO. Perth is showing stress, people are dropping prices and there still is no buyers, e.g. house down the road from me, started 4 months ago at 875K (with no ocean view, single storey) and no is at 769K. A little off the topic, but it some what relates to our banking exposures.

CK