limit reached?, page-62

Talk about economics on trainer wheels.

RBA wants dollar down and of course rein in property spec.

This current property speculation is on the go despite increase in unemployment and drop off in mining sector. They are in a quandary and need to allow the economy to be stimulated. They can not increase the cash rate for a long time until manufacturing stabilizes , unemployment stabilizes and other sectors like retail/tourism improve. Highly unlikely rates will go up for a long time. They have been artificially too high versus our first world trading partners.

At the moment inflation is under control and stimulating the economy is the imperative.

We have had this discussion before the last rate drop and guess what more to come.Please don't pass off your comments as economic prowess - you are not good enough.