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No, I’m just disappointed
Cutting twice so quickly imo was not necessary, spending tickets earlier than necessary.
Those "tickets" are an illusion. Debt was already historically cheap in this country.
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Cutting twice so quickly imo was not necessary, spending tickets earlier than necessary.
Those "tickets" are an illusion. Debt was already historically cheap in this country.
not correct, ANZ passed on 0.18% last month, and 0.25% this month.So the cashrate has been cut 0.5 and ANZ are only passing on 0.25. After passing nothing from the first rate cut
Any banks actually passing on the full 0.5?
The RBA will also engage in quantitative easing when they need to (before 2030 is my prediction).Those "tickets" are an illusion. Debt was already historically cheap in this country.
It won’t do much. Lowe has been asking the govt to extract the digit for a while now but the symbolism of a surplus is more important that fiscal policy things moving.
the gold boom in Australia is FX driven, so to is our amazing iron ore and coal revenues
I'd far rather our industry drive the economy than a government credit card
Do you really feel a credit card is a sustainable way to run an economy? How many decades should we use a credit card before we rely on the economy itself?
You talk about the credit card like it isn’t happening already.
I think a sustainable way to run an economy is to have sufficient revenue base to provide services for the population. Govt debt (the credit card) has been increasing for a while now under our marvellous economic managers.
I’m sure the $158B in poorly targeted tax cuts is going straight on the plastic as well.
The fact that the current increase in resources price is FX driven should be a concern, should it not? Some external monetary policy changes and the advantage is gone.
This is instructive"
Responsible lending the biggest risk to housing recovery
Responsible lending 'the biggest risk' to housing recovery
ANZ chief Shayne Elliot has backed 'Aussie' John Symond in calling for clarity around responsible lending rules.www.afr.com
So, what you're saying ANX and Aussie Home Loans is that only irresponsible lending can reinflate the bubble from here?
Righto, this will work well.
trillion $ + of owner/occupier debt (highest in the world) and they want to lend more, you cannot be serious? Sydney & Melbourne are around 40% overvalued as it is, the bubble needs to hurry up and burst.
You've got all these Mum N Dad investors being advised that with interest rates so low NOW IS THE TIME TO BORROW and with equities falling they need to SEARCH FOR YIELD so the bubble will keep inflating for a bit yet, classic dead cat bounce.
The whole s**tshow is about to fall over through - as the inverted yield curve shows - so another major correction is happening anyway, this one far bigger imo.
The "real" correction as opposed to the recent regulator imposed one.
* 'em. If there's one sector of the economy comprised of completely selfish campaigners its the assholes that deal in cash so they don't have to pay anyone or anything correctly. Not even bond salesmen are that low. Hope everyone from the iPhone repairers to the organic jam makers get lined up and marched into the sea, and I'm going to say that was a joke.Black economy task force final report:
Black Economy Taskforce Final Report | Treasury.gov.au
The Taskforce’s Final Report highlights the harm that the black economy causes to honest businesses and the community, penalising honest taxpayers, undermining the integrity of Australia’s tax and welfare systems and creating an uneven playing field for the majority of small businesses doing the...treasury.gov.au
Government just took a bigger chunk out of your freedom.
This is going beyond the joke, just another nuclear weapon for the lazy law enforcement agencies to juice up their briefs for conviction.Black economy task force final report:
Black Economy Taskforce Final Report | Treasury.gov.au
The Taskforce’s Final Report highlights the harm that the black economy causes to honest businesses and the community, penalising honest taxpayers, undermining the integrity of Australia’s tax and welfare systems and creating an uneven playing field for the majority of small businesses doing the...treasury.gov.au
Government just took a bigger chunk out of your freedom.
This is going beyond the joke, just another nuclear weapon for the lazy law enforcement agencies to juice up their briefs for conviction.
From what I heard, this bill will commence January 2020. perfect timing for the 800 criminals buying into the main event of the Aussie Millions @ $10600 AUD.
Gold 1 ounce coins will be the new currency, easy to hide and trade, and from what I gather not illegal.
Amazing what 3 (now 4) interest rate cuts can do.A few have had a 'mare in this thread.
https://www.abc.net.au/news/2020-03-02/house-prices-surge-in-february/12015772
Amazing what 3 (now 4) interest rate cuts can do.
To be fair they were probably on the money until APRA and the RBA supercharged the bubble.A few have had a 'mare in this thread.
https://www.abc.net.au/news/2020-03-02/house-prices-surge-in-february/12015772
This is basically all the Australian economy functions on now.Melbourne property is a tremendous thing.
I say open up the borders and give us your tired, your poor, your huddled masses yearning to breathe free, and let us rent to them.
I don't think people realised how big an impact the property market and the associated "wealth effect" had on our economic performance, including the RBA.Interest rate cuts help(ed), for sure. However, if you have a peruse through this thread(and elsewhere), calls of a crash in the vicinity of 20-30, even 40%+ were getting thrown around willy nilly. Ain't no amount of rate cuts going to stop that. I think we can say that the historic crash predicted by many 'experts' has not eventuated.