ASX 0.39% $58.49 asx limited

RBA raised rate is a sad & bad sign to many Australian....

  1. 1,050 Posts.
    RBA raised rate is a sad & bad sign to many Australian. Inflation concern is still here and there (USA etc). USA decided to leave rate unchanged (instead of cut as expected), Sub-prime borrowers are there struggling (unless they received special pardon from the bankers). Someone must be lying before if this sub-prime issue is nothing seriously? Who said that was worsen (billion dollars lost)?
    By the way, NSW (Australia) housing and lending are continue in downturn (We can't get many qualify borrowers last two years). Some friends of mine decide to get out of CFD trading and margin loan trading if interest rate is rising... Costs is becoming a lot higher.

    It is really mixture picture and confusing signal.
 
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