Re: KEVIN RUDD - Wins the Australian Federal election !
You're an idiot
lol who's the loser?
you
You're an idiot
lol who's the loser?
you
Wayne and Roland,
Yes, of course I recognise that high interest rates benefit some sectors of the population. I am included in this, having no mortgage plus cash earning interest. So personally, I'm not unhappy as I see interest rates rise.
However, that personal benefit pales in comparison with the disadvantage to a far greater proportion of the population. Why - amongst all the discussion about interest rates over recent months - has there been almost no mention of the small groups of people who are advantaged by increased rates?
Because they are hugely outnumbered by those whose daily struggle will be increased as their mortgage rate and/or rents rise.
I just find Numbercruncher's blanket statement that "high interest rates are good" to be less than realistic in the overall sense. Don't forget that most of us are invested in shares and if the companies we are hoping will increase their profits are obliged to pay more for their borrowings, then we will be disadvantaged.
Or perhaps I'm just a closet socialist and essentially want what is best for the greater good!
yep kev, remember you can't sell Telstra twice to get the books in the blackWhatever you do Kev , don't stuff it up
Or perhaps I'm just a closet socialist and essentially want what is best for the greater good!
Do you not live in Australia? Where do you live?
Maybe I'll head to over to Canada and wait out the next election
What exactly is Rudd going to do? Terminate the IR laws?
Will our relations with the US become hindered in anyway?
I was looking forward to Nuclear Power, time to shift some stocks around.
If the market doesn't follow the US rally on monday because of this, I am going to be really annoyed at Rudd.
You didnt demonstrate that with your vote !!![]()
yep kev, remember you can't sell Telstra twice to get the books in the black
I guess there's... errr.. Customs - and/or maybe the AFP- maybe you could sell them to the drug pushers?
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I find this argument somewhat like the argument for cheap drugs.Wayne and Roland,
Yes, of course I recognise that high interest rates benefit some sectors of the population. I am included in this, having no mortgage plus cash earning interest. So personally, I'm not unhappy as I see interest rates rise.
However, that personal benefit pales in comparison with the disadvantage to a far greater proportion of the population. Why - amongst all the discussion about interest rates over recent months - has there been almost no mention of the small groups of people who are advantaged by increased rates?
Because they are hugely outnumbered by those whose daily struggle will be increased as their mortgage rate and/or rents rise.
I'm with you ncAbsolutely awesome acceptance speech by our new esteemed Primeminister. A new Government for all Australians, what else could we want ?
The Rudd speach is a bit like the worm - he gets a rousing cheer with nearly every syllabyl (not spelt correctly - I think). He hasn't really said much so far.
OK - seen as everyone now accepts we are a Labor nation it is compulsary to spell it ......
LABOR the u that everyone insists on adding is for u to keep
Thanks for your cooperation in this small matter (I know my own spelling makes this statement a little fresh but heck its the party Leading our nation lol)
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There are a helluva lot of retirees living on intrest only... they would be happy.
Also, anyone concerned about inflation would want higher rates.
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