"If you have a mortage now but good job security and prospect, no worries at all even Glan said he wanted to raise 50 basis point. But if unemployment start to shoot up, cut rate won't help much either because the jobless just couldn't service their debt"
KK i agree with all of what you're saying but its retail jobs that go first, full timers to part timers then outright job losses. Lowering rates is a stimulus for retail spending i think partly aimed at keeping retail jobs.
