Debt Rattle August 2 2016
- This topic has 2 replies, 3 voices, and was last updated 9 years, 6 months ago by
.
-
Posts
-
Lewis Wickes Hine ‘Hot dogs’ for fans waiting for gates to open at Ebbets Field 1920 • Asia Stocks Fall as Japan Awaits Stimulus (BBG) • Japanese Bond
[See the full post at: Debt Rattle August 2 2016]The Australian perspective….. reality here – and the rest way the heck over there…..
The Reserve Bank states the Aussie property bubble is over !!!!! (Just because we say so, I guess??)
“Australia’s WTF Moment”
https://blog.australiaboomtobust.com/2016/08/australias-wtf-moment/Essentially, the central bank reduced its interest rates. Meanwhile, the 4 big banks RAISED their deposit rates. Obviously, they will have to raise their mortgage rates sooner or later or suffer from the reduced spread.
However, the property hucksters are telling people that interest rates are dropping further and that the market will boom more.
“Reserve Bank’s interest rate cut tipped to bring more buyers to property market”
Interesting times!
- You must be logged in to reply to this topic.
Sorry, the comment form is closed at this time.