Another cut in the offical Interest Rate's coming.
Hey Jim said
09:24 AM Jan 29, 2017
Hi all,
Have been looking at the figures from the Bureau Of Statistics for the last Quarter. Not looking good for the start of 2017.
Residential Construction in all area's Down. Employment Down. Business confidence Down. Manufacturing down.
Sorry to be the bearer of such news. How low can they go.
Now, I will run for cover till the dust settles.
Grubbygypsy said
10:01 AM Jan 29, 2017
Do you know what I've noticed this time across the Nullarbor (and I've been out here over a month)? The lack of trucks!!! I reckon that we're having that much OS stuff come into ports, that the only trucking is being done between ports and suburban centres.
The slip into 3rd world globalisation.
rockylizard said
10:09 AM Jan 29, 2017
Gday...
I have spent too much time over the past few months up and down the Newell Hwy.
If ya wanna see trucks Grubby, do the Newell.
Wall to wall and often in groups of three or four and every overnight 'truck' rest stop has at least four tucked up resting.
edit: PS - given the inflation rate, despite the 'lack of confidence' etc and other 'slow' indicators, RBA will be loath to lower the interest rate any further as it will likely further fuel the housing market which is very 'heated' at the moment.
Most economists feel the rate will remain unchanged Tuesday week.
cheers - John
-- Edited by rockylizard on Sunday 29th of January 2017 10:14:57 AM
Santa said
01:02 PM Jan 29, 2017
rockylizard wrote:
Gday...
I have spent too much time over the past few months up and down the Newell Hwy.
If ya wanna see trucks Grubby, do the Newell.
Wall to wall and often in groups of three or four and every overnight 'truck' rest stop has at least four tucked up resting.
edit: PS - given the inflation rate, despite the 'lack of confidence' etc and other 'slow' indicators, RBA will be loath to lower the interest rate any further as it will likely further fuel the housing market which is very 'heated' at the moment.
Most economists feel the rate will remain unchanged Tuesday week.
cheers - John
-- Edited by rockylizard on Sunday 29th of January 2017 10:14:57 AM
Once again I'm with you on this one John, no change to interest rates in the near future.
Desert Dweller said
01:41 PM Jan 29, 2017
We're confident that interest rates will remain the same for now, with a small rise towards the end of this year. That's what the financial gurus are predicting in their long range forecasts, but who knows, we live in turbulent times! If you're worried about a .25% decrease in rates you probably should have stayed at work longer.
CC Bear said
03:30 PM Jan 29, 2017
Will not stop the banks from raising their rates so expect it to happen.
adreamer said
05:14 PM Jan 29, 2017
Desert Dweller wrote:
We're confident that interest rates will remain the same for now, with a small rise towards the end of this year. That's what the financial gurus are predicting in their long range forecasts, but who knows, we live in turbulent times! If you're worried about a .25% decrease in rates you probably should have stayed at work longer.
Are you a Politician? If not, you sure sound like one!!
Helen
Desert Dweller said
06:30 PM Jan 29, 2017
adreamer wrote:
Desert Dweller wrote:
We're confident that interest rates will remain the same for now, with a small rise towards the end of this year. That's what the financial gurus are predicting in their long range forecasts, but who knows, we live in turbulent times! If you're worried about a .25% decrease in rates you probably should have stayed at work longer.
Are you a Politician? If not, you sure sound like one!!
Helen
No, just a realist. Retirement should be a laid back time of one's life without worrying about little hiccups like a slight change in interest rates. Enjoy.
montie said
08:36 AM Jan 30, 2017
I think any movement in interest rates going forward will be determined by what happens in the US. The markets have responded positively to Trump so my money is on interest rates rising. We need to get our manufacturing up and running.
Montie
-- Edited by montie on Monday 30th of January 2017 08:37:45 AM
Hi all,
Have been looking at the figures from the Bureau Of Statistics for the last Quarter. Not looking good for the start of 2017.
Residential Construction in all area's Down
. Employment Down
. Business confidence Down
. Manufacturing
down.
Sorry to be the bearer of such news. How low can they go.
Now, I will run for cover till the dust settles.
The slip into 3rd world globalisation.
Gday...
I have spent too much time over the past few months up and down the Newell Hwy.
If ya wanna see trucks Grubby, do the Newell.
Wall to wall and often in groups of three or four and every overnight 'truck' rest stop has at least four tucked up resting.
edit: PS - given the inflation rate, despite the 'lack of confidence' etc and other 'slow' indicators, RBA will be loath to lower the interest rate any further as it will likely further fuel the housing market which is very 'heated' at the moment.
Most economists feel the rate will remain unchanged Tuesday week.
cheers - John
-- Edited by rockylizard on Sunday 29th of January 2017 10:14:57 AM
Once again I'm with you on this one John, no change to interest rates in the near future.
Are you a Politician? If not, you sure sound like one!!
Helen
No, just a realist. Retirement should be a laid back time of one's life without worrying about little hiccups like a slight change in interest rates. Enjoy.
I think any movement in interest rates going forward will be determined by what happens in the US.
The markets have responded positively to Trump so my money is on interest rates rising.
We need to get our manufacturing up and running.
Montie
-- Edited by montie on Monday 30th of January 2017 08:37:45 AM
Gday...
http://www.abc.net.au/news/2017-02-07/reserve-bank-leaves-interest-rates-on-hold/8247134
Cheers - John
-- Edited by rockylizard on Tuesday 7th of February 2017 06:56:50 PM
Predictable.