Forum Replies Created
Gee, I dont think Pisces would agree with your view….[blink]
We are all made from Stars
Originally posted by kay henry:Bionic,
Inflation is lower than it has been for 4 years (since the inception of the GST, where inflation, as measured by CPI came in at 6%!!). The annual inflation rate came in this week at 2%. That is in the bottom range of the Reserve Bank’s target of 2-3% inflation.
Where does your prediction of rampaging inflation come from?
kay henry
Economists are betting against the Reserve Bank lifting interest rates on Tuesday, although they say it could be the final chance it has this year.
Politics surrounding next week’s budget and the federal election made a 0.25 per cent rise in mortgages before Christmas too complicated, said HSBC economist John Edwards.
But he said there was a compelling case for a rate rise: a vigorous economy, local inflation rising above 4 per cent and Friday’s figures showing that borrowing for housing in March had accelerated to record levels.
“A rate rise this week would be correctly interpreted as an unfavourable judgement on the economic and fiscal policy presented in a budget the [Reserve Bank] board has not seen,” Mr Edwards said. “Beyond June, any tightening is a big help for Opposition Leader Mark Latham and a blow to the Government. It will be wholeheartedly resisted by [federal Treasurer] Peter Costello and his supporters.”
Bank economists can’t see a rise, although the ANZ believes it will be close, but they expect a move up sometime this year.
“Interest rate changes around an election risk instability and central banks do not like that,” Westpac economist Bill Evans said.
CommSec economist Craig James said people were taking on more housing and consumer debt because credit was cheap and the Reserve Bank had clearly not done enough to slow the growth to more sustainable levels. He expects another rise, but not this week.
AMP economist Shane Oliver said rates might rise next month.
“The key thing holding inflation down was the Australian dollar rise, but with that stalling and falling there is a greater risk of inflation,” Dr Oliver said.
The US Federal Reserve Board also meets on Tuesday and is expected to leave rates unchanged – at 1 per cent – with analysts expecting pointers to a rate rise in August.
Concerns about rising interest rates hit shares in America, despite better-than-expected earnings from companies such as Procter & Gamble.
The Dow Jones Industrial Average fell 0.45 per cent but technology shares tumbled, with the Nasdaq index down 6.3 per cent – its steepest weekly decline in two years.
The Australian sharemarket should be down 10 points tomorrow, Dr Oliver said.
What was the inflation rate again Kay????[baaa]
I must have a crystal ball? Or I think global economy, not backyard economy…….[blink]
We are all made from Stars
My mate at ASIC would love to know!
We are all made from Stars
This sounds like an idea Russ, maybe we should talk!
We are all made from Stars
Starting to run out of states lad’s…..
We are all made from Stars
You sure your names not Henry Kay?
I rest my case………….[baaa]
We are all made from Stars
In the early 90’s when interest rates hit 17% the average residential loan was 84k, what about today and tomorrow?
America is borrowing more than it can earn, 6 billion per week for a war we didn’t needed etc
I don’t like being pessimistic but I feel we better batten down the hatches or lock into fixed rates.
Watch the inflation rate start to climb. Howard gets in again, inflation starts to move, Howard hands over to Costello, things start to turn to crap and Johnny comes out clean…
Watch this space, its coming![skull]
We are all made from Stars
Very true Aus, and a lot will come unstuck but I guess that’s the law of survival, some make it some dont so what!
Be good Aus
We are all made from Stars
Originally posted by iwsctws:Dear Bionic Beer Gut,
May sound like a silly question but gonna ask anyhow; Blue Mountain folks; where do they commute to work (seeing there isn’t much work up the mountain???) COuld it be (spluttter !!!) Penrith????
lee
If you think Penrith is busting at the seams for jobs then check australian job search, it aint the greatest and I dont understand how you would make the assumption that mountain people would want to work in Penrith? There are a lot of high profile people who live there and dont neccessarily need to work in such an area due to ease of transportation.
It can take less time to get to central from the mountains than what it takes from Liverpool or Castle Hill etc
Its a sleeper, forget Penrith
We are all made from Stars
Originally posted by iwsctws:Dear Bionic Beer Gut,
May sound like a silly question but gonna ask anyhow; Blue Mountain folks; where do they commute to work (seeing there isn’t much work up the mountain???) COuld it be (spluttter !!!) Penrith????
lee
Most work in the city, my folks live at Lapstone which is the first town as you enter the Blue Mountains. Reasons to live there? 3 Stops to Sydney by train (50 min) 2 min walk to station (most platforms are close and handy in BM) cheaper insurance etc due to country rates.
No scum! Fresh air, fantastic TV reception and we get to watch the city people suck smog from our verhanda’s![blink]
We are all made from Stars
Good on you Steve, no more racism!
We are all made from Stars
I tell you what, for that kind of commission I will fly to NZ 1st Class, stay at 5 star hotels and hire a limo and still be in front after buyinq one or two CF+ properties[baaa]
We are all made from Stars
Blue Mountains is going to fly
We are all made from Stars
Originally posted by kay henry:Steve,
I am not sure why you would listen to the voice of 1 newbie contributor when everyone else in that post basically disagreed with what the new contributor suggested, but anyway, I suppose minority views must have merit! [biggrin]
[goatee]
kay henry
Stars cna also form prejudice justb like this comment. being labelled a newbie can make one feel like an outsider.
Why do we need a points table? This can add a phycological effect to the readers, like more stars, more RE brains less stars less RE brains.
Just because you are a newbie does not go to say you are niave. It may just mean you have never used google before and found Steves site, like I did!
[blink]
We are all made from Stars
Why Penrith?
We are all made from Stars
Why do wha anyone else would do in this situation…..send in the TERMINATOR[skull][skull][skull]
You will also find that deals with trade dollars can also be highly inflated.
For eg: Carton of eggs cash $3.00 Trade $3.50
Everytime a transaction takes place BC get 7% from the seller and a further 7% from the purchaser.
I once worked for them. Any business thats looking for more clientel should be in it.
“Dont be looking in your back yard for a four leaf clover when the opportunity of a lifetime could be knocking on your front door….” “Even though you may be on the right track, you can still get run over if you sit there long enough”
It just depends on the covenants!
“Dont be looking in your back yard for a four leaf clover when the opportunity of a lifetime could be knocking on your front door….” “Even though you may be on the right track, you can still get run over if you sit there long enough”
What about Scandalessss Me Myself & I?
Wang Chung aint that bad! What about racey?
“Dont be looking in your back yard for a four leaf clover when the opportunity of a lifetime could be knocking on your front door….” “Even though you may be on the right track, you can still get run over if you sit there long enough”
Originally posted by RussH:I consider buying anything.I,m still considering this property.I think i,ve nearly got the wife hooked up for the cleaning job.
Seriously if I get it for 16k spend 5k ive got a rental of $80p/w.She was getting $60 for it before so I think $80 would be fair.
Every dollar adds up.
Russ.Just for my own wisdom Russ, what is the population of the town this dump is in?
“Dont be looking in your back yard for a four leaf clover when the opportunity of a lifetime could be knocking on your front door….” “Even though you may be on the right track, you can still get run over if you sit there long enough”
