Interest rates up.

Rossoneri · Post by **Rossoneri** » Wed Aug 08, 2007 9:34 am

High interest rates means a strong economy

spikefan · Post by **spikefan** » Wed Aug 08, 2007 10:09 am

Rossoneri wrote:High interest rates means a strong economy

High interest rates means rich Australians traveling overseas will have a very good time.
High interest means importers will have a blast and plasma TVs will get even cheaper.
High interest rates means Australia's external debt will keep growing out of control.
High interest rates means households with mortgages will suffer.

Might seriously impact the outcome of the forthcoming elections.

The Man from Bomberland · Wed Aug 08, 2007 10:17 am

Well the people were sillly enough to believe a Labor government would increase interet rates (despite the RB being independent of the current government) - they just might not let Howard off the hook.

jimmyc1985 · Post by **jimmyc1985** » Wed Aug 08, 2007 12:20 pm

spikefan wrote:Might seriously impact the outcome of the forthcoming elections.

Yep.

Howard now officially gawn in my book; he would need a capitulation of Labor or something like a 9/11 to get up now. Live by the sword, die by the sword.

Rossoneri · Post by **Rossoneri** » Wed Aug 08, 2007 4:24 pm

Ok, clearly my comment was not taken tongue in cheek as it should.

I was referring to Howard that when something rises, he always says its the result of a strong economy.

dom_105 · Post by **dom_105** » Wed Aug 08, 2007 10:02 pm

Rossoneri wrote:Ok, clearly my comment was not taken tongue in cheek as it should.

I was referring to Howard that when something rises, he always says its the result of a strong economy.

Well isn't it?

jimmyc1985 · Post by **jimmyc1985** » Thu Aug 09, 2007 11:48 am

Filthy wrote:

Nice

.

Although Labor didn't object to any of this year's tax cuts, so our politicians' profligacy leading to a rise in interest rates this year is an apolitical subject. Labor would be looking like geniuses right now had they objected to this year's tax cuts in their budget reply, like they did in 2005 (or was it last year?).

Post by **boncer34** » Thu Aug 09, 2007 9:57 pm

In all fairness Weasel never said interest rates wouldnt rise.

BenDoolan · Post by **BenDoolan** » Thu Aug 09, 2007 10:44 pm

boncer34 wrote:In all fairness Weasel never said interest rates wouldnt rise.

Yeah, he just said some bullshit that could never be proven like "interest rates will be higher under a labor government". Like how the f*** can you compare what they would have been like if labor were in power the last 3 years?

Seems to always ignore his glorious 21% interest rate when he was treasurer....

ealesy · Post by **ealesy** » Fri Aug 10, 2007 12:35 am

BenDoolan wrote:
boncer34 wrote:In all fairness Weasel never said interest rates wouldnt rise.
Yeah, he just said some bullshit that could never be proven like "interest rates will be higher under a labor government". Like how the f*** can you compare what they would have been like if labor were in power the last 3 years?

Seems to always ignore his glorious 21% interest rate when he was treasurer....

Yet harps on about the fact they were at 17% under the last Labor government.

dingus · Post by **dingus** » Fri Aug 10, 2007 12:59 pm

Filthy wrote:Only if you own a coal mine, a uranium mine..any mine really..work for Macquarie, own your own home pre-2000....otherwise your fvcked!

And with today's market events, not even those groups will be well pleased....

Terrible shame to see Mac Bank sufferring.....

dom_105 · Post by **dom_105** » Fri Aug 10, 2007 5:33 pm

A lot of red on the global market today. It will be interesting to see what happens in the US tonight.

spikefan · Post by **spikefan** » Sat Aug 11, 2007 12:06 pm

A very good analysis, a bit technical for some, but overall a good explanation of why Labor is ready to take over from the libs without sending the economy in a tailspin and even on the contrary making the economy more balanced.