Interest Rates to 7.25% by February?

[numbercruncher]

11/

A GROWING culture of secrecy, defensiveness and mutual mistrust within government is whittling away press freedom in Australia and denying the public access to crucial information.

A major report into freedom of speech has condemned governments across the nation for imposing unprecedented levels of secrecy on the flow of public information.

http://www.theaustralian.news.com.au/story/0,25197,22709757-7582,00.html

our Government hiding its evil plans from the public is one of the scariest.

 

[hangseng]

List;
1. Having recently spent a couple on months in hospital following a boat explosion I can assure you our hospitals leave a lot to be desired. Following the accident I went to the local hospital where the doctor decided he could not do much for me. I was transferred to a base hospital where I got the same result. I was then transferred by helicopter to Brisbane where I waited in cas for a couple of hours before being seen by a doctor. That was 12 hrs after the accident.
I was not too bad off compared to others I saw during my stay in the burns ward. At on stage one of the surgeons told me that my stay may have been 2 weeks less had they had some equipment they have been trying to get funds for. In the end I was discharged early and in a hurry because someone else needed the bed.
I have friends who have waited for 2 years for a hip replacement. I know a pensioner who has a mouth full of rotten teeth and is told to wait a year or so for any treatment apart from emergency extractions.
I could go on and on these are examples. I look after myself with top level health insurance. Those that can't afford it are in deep !!!. Even with top level insurance if the doctors and beds aren't there you are in just as much trouble.
2. Australia's debt. All the government has done to get rid of Government debt is to either sell valuable assets (our assets-we paid for) or transfer the debt to the private sector. Each month we have to sell another aussie icon to help finance it.
3. Howard took us to an illegal war on a LIE. A war that can't be won.
4. Howard introduced gun laws that disarmed the country but still left the crims have guns.
5. Howard has the average working man working hard to compete with third world wages and is trying to drive them even harder.
6. Howard lied about the GST. Remember he said it was dead in the water and would not be revisited.
7. Howard lied about the boat people.
8. National infrastructure. Falling behind. A disgrace.
9. Education. Falling behind. Also a disgrace.
10.etc etc. ( They are there if you really need more convincing.)
Are any of these trivial?

Highly subjective individual views that you are completely entitled to. Care to quantify any of the above or do they remain subjective?

 

[nioka]

Highly subjective individual views that you are completely entitled to. Care to quantify any of the above or do they remain subjective?

They are not just individual views as they are views shared by many people I associate with. If you research (as you would do any other investment, and consider the subject of the election as an investment in the future) you probably will prove the facts.

 

[ithatheekret]

I was thinking more along the lines of 7% by Dec/Jan , a hesistated pause then 7.25% by March or April , but for business lending I see 7.25% next month , well that's the indication I get out of the 90 day bill moves .

Credit invoices are still piling up , what with Christmas around the corner , all our fantastic bits of plastic revved up , ...... the RB board will probably drink a few more than the normal couple of bottles by the next meeting

 

[son of baglimit]

the great australian dream isnt the problem, its the ''i want it too'' attitude of so many out there.

more information to add to my rant of several weeks ago.....have a good read of these articles.

 

[Tysonboss1]

Yes even quite a few speculating 10pc variable rate in the not so distant future !!

Good for savers though

Are talking about the official interest rate or homeloan interest rate.

because I don't think the offial interest rate will be near 10% any time soon.

 

[Kauri]

Asexpected no rise today, but what is welcome is the change and added transparency going forward..

The RBA will in future announce the policy meeting result on the same day as the meeting, they will issue a statement after each meeting, regardless of the result and will start issuing policy meeting minutes.

Cheers
.........Kauri

 

[chops_a_must]

Asexpected no rise today, but what is welcome is the change and added transparency going forward..



Cheers
.........Kauri

Bonds and bank bills are going haywire. One to keep an eye on.

 

[Kauri]

Bonds and bank bills are going haywire. One to keep an eye on.

Hi Chops
Maybe getting ready for the GDP figures in 1/2 hour???
Cheers
.........Kauri

 

[The Mint Man]

I dont think we will see 7.25 by Feb.

 

[Awesomandy]

I dont think we will see 7.25 by Feb.

I don't think they meet in January, so the chance of 7.25 by Feb is very remote. However, given my observations at the shopping mall last weekend, I would definitely put rates up if I was in the Reserve Bank.

 

[ithatheekret]

A prudent pause , with no agenda , just watching intently , that's the RSB .

But that does not rule out 7% next year .

Our economies circumstance and that of China and the US are completely different . The grasping to goods and service sectors is a worry though , they are offshoots to the main stimulus catalyst . Too easy to fudge data with and no real jobs are created at the rate required . We are supplying economies that produce and support service sector bubbles at home...... nutz .

The UK will have to drop rates , but the economy there is bound to the local consumer and the tweaked up trading house infrastructure .

We will see rate rises , mainly due to infrastructure spending that has come too late , to see the boom years this time round . Fortunately China has only scraped its coastal area and India is still yet to get the engine warmed up .

As their demand rises to a unison , then costs will be seen to rise across the board for the products that use ores or fossil fuels like coal , that will be seen as a production and productivity essentials .

All we have seen to date this month is book squaring , the annual Christmas run up for the greenback and sell off in metals , completely cyclical events enshrined by the service sectors ..........

The RSB doesn't buy into that story , it just watches the cost blowouts caused by the sector and reacts as needed .