Rory Roberston says more rate cuts to come!He was just...

Rory Roberston says more rate cuts to come!

He was just interviewed on radio, he's looking at the RBA getting rates down to 4.25%

makes my 50bp look tight and misely.

rather than throwing cash at the eceonomy like the yanks the RBA is using monetary policy to keep the aust economy ticking and keep the banks lending $$$ out, so as to avoid a prolonged recession.

however, with the extra stimulus in the economyy curtousy of the rate cut, this 'might' put pressure on the inflation geany reemerging capitulating in a potential backward spiral to revisit the lows of the allords experienced recently,and if the bailout packaged released does not end up doing the full job! and europe banking system does get their house in order then this will also not assist.

according to keating they(USA) really needed 3 to 5 trillion and the original package was for 3/4 of a trillion (US700b)'so its not going to really do the job'.

refer Peter Schiff for other words of wisdom.