I don't see interest rates going up here a lot I just cant if interest rates went up to say 5%
1.) Lots of people would default on their homeloans in turn unemployment would go up.
2.) the AUD$ would surge to US$1 parity and that would kill our exports
3.) a Higher AUD$ would reduce the number of internationals tourists to Australia as it would be
a lot more expensive for them to come over here.
4.) higher interest rates would devastate those without homeloans too as millions have got
credit card debt that's through the roof, higher rates would make more people default on these.
I don't see interest rates going up here a lot I just cant if...
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