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- Scamp wrote:[
Banks will keep raising interestrates because credit is expensive. What RBA does is futile.That doesn't answer my question. Nor does pointing to yesterday's APM figures.
What I'm asking is why you think the RBA should increase interest rates even though, as you say, there's a recession coming.
In saying that you believe a recession is coming and that the RBA should increase interest rates, you're either arguing that the RBA should purposefully deepen the recession (I don't think many Australians would agree with you), or you're exposing your lack of economic understanding.
Which is it?
Scamp wrote:– Bank interest rates *will* go up. Whatever the RBA does ( they should really up the rates also, but it doesn't matter, even if they don't the banks will ). This makes money even more expensive.– Recession is coming, Australia won't escape it. This is not the time to get yourself in debt.
Scamp, if a recession is coming, why do you think the RBA should lift interest rates? That makes no sense whatsoever.
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