Higher interest rates i am excited

Brickie, just wondering WHY?


-- Edited by twobob on Tuesday 1st of December 2009 07:26:45 PM

Simple more money for me would like a little more it has been a long drought

I'm happy too. I don't have a mortgage, but I have a little invested. Hopefully I'll have a little more invested thanks to the interest rise. The GFC pinched some of it and I want it back. Meanwhile I'm spending mileage money parked up here in Cairns. Maybe I should start a Granny benevolent fund and procure some donations so I can keep travelling. Or, I could sell my books and that would solve everything. Meanwhile, I'll keep working on it.

*Sighs*....the interest rate rise....helps some....destroys others dreams.. personnally it arent helping me....... Dave

It's mirrors and smoke but the interest rises seem to have allowed the banks to go back to their old ways.....

While I feel sorry for those with a mortgage I too am pleased interest rates are on the way up.A little more money for our lap. Like many of our vintage I remember going through the times when interest rate nearly made it to 18%. We survived and now owe nothing. It took long enough and now we are getting a very small rise every so often.I am absolutly horrified at what the banks can now do. Dos'nt matter what the reserve bank says banks now seem able to charge what they like.As Dave said this helps some and makes it harder for others. Cheers Jack

OH yes , the 18% days , they didn,t care then either, but we survived.

If we remind todays generation of that their reply is that morgages were not as big back then ,true, BUT wages were not as high either , I think they expect to have all the toys at the same time .

We had to get there a bit at the time . , i think they need to do the same.