RBA warns-dont be a bear!, page-13

Stock markets worldwide now pricing in no Fed cut in US. Our dollar trending up even though disappointing job figures out yesterday. RBA must cut here on cup day. Won't be passed on though, the rest will follow Westpacs lead. Good news for the economy. Not so prop investors who have enjoyed a stellar run. They should all have made enough money now to go and buy or start a business and create some jobs. Or at least that's what Scott Morrison and Glenn Stevens are banking on.