Update-Further Thoughts...4th Nov 2020: Major Banks-Lenders Pocket Interest Rate Cuts, Do NOT Pass On Rate Cuts To Home Mortgage Borrowers...
While Aussie Vulnerable's With Precious Savings-Kids, Middle-Income Earners, Very Old, Pensioners etc Get Slugged With Lower i/r Returns...
3rd Nov 2020: RBA "Kills" Aussie Economy With False "Kindness"! Cash Interest Rate Slashed To 0.1%, Lowest In History; QE Cash Injection Of Further $100bn In RBA Purchase Of ScoMo Gov't Bonds, Maturing 5-10 Years!
So Far, ScoMo-Josh Deficits = Record $214bn; Gov't Debt = $1.1 Trillion & Mounting Daily With Zero Plan-Hope Of Repayment...
PS: Aussie Households-Already Drowning In 200% Debt To HI-Are Being Flogged-Saturated With More Debt At Cheapest Interest Rates In History At Time Of Unprecedented Record Unemployment Plus Under-Employment...
Pent-Up Mortgage Defaults Is Banker's Financial Tsunami Worst Nightmare With Potential To Destroy $1.8 Trillion Market, Bank Assets-Balance Sheets, Send Home Prices-Asset Values Tumbling...
Add: Gov't Has Destroyed 3rd Largest Export Sector, Education; Australia Has No Viable Employment Strategy; No Strategic Plan To Counter China's Mounting Threats To 30% + Of Our Exports; etc...
Given This Reality, Aussie Banks-Home Lenders Have Zero Choice But To Defer Mortgage Repayments until ???. CBA No # 1 Bank Has Already Faced Its Reality...
Meantime, 25m Aussie's Have To Put Up With "Their" Pathetic Best...
- Forums
- Economics
- RBA "Kills" Aussie Economy With False "Kindness"!
Update-Further Thoughts...4th Nov 2020: Major Banks-Lenders...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online