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Gutless pricks. Just let inflation and the housing bubble grow.
Cheers
Cheers
RBA Feb '10 Interest Rate decision
- Thread starter Timmy
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What a joke. Just got owned. Day/wk over on that one!
prawn_86
Mod: Call me Dendrobranchiata
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Yep i've got some explaining to do after telling people to hold off payments until after the decision
skc
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Damn it Gleno... didn't you get that memo that I am going away on holidays and want a strong AUD?!!
I also want to park some money in a term deposit and look what you have done!
Bloody kell.
I also want to park some money in a term deposit and look what you have done!
Bloody kell.
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RBA being fiesty.
Surprised by the way the SPI acted as if it was a 25bp rise!
That aud drop should boost our miners/exporters, though nothing has happened on that front yet.
Surprised by the way the SPI acted as if it was a 25bp rise!
That aud drop should boost our miners/exporters, though nothing has happened on that front yet.
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Yep, exactly! SPI is a joke, if they raised it 50bps we would have shot through the floor, but no rise (basically equivelent of a surprise cut and we fall anyways)! Shows the bearish sentiment around at the moment!
I was max long at the top of that big green candle in the decision, swept market!!
professor_frink
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Yep, exactly! SPI is a joke, if they raised it 50bps we would have shot through the floor, but no rise (basically equivelent of a surprise cut and we fall anyways)! Shows the bearish sentiment around at the moment!
I was max long at the top of that big green candle in the decision, swept market!!
ouch!
Sorry to hear MRC
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That aud drop might also push petrol prices up over coming weeks, adding to inflationary pressures before next rate decision. So every chance next interest rate might well have to go up 50bps if inflation takes off now.
Aww, she'll be right, mate! A beaming KRudd gets his wish (but of course, this was a non-politically influenced decision by the RBA, wot?)
Wysiwyg
Everyone wants money
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A schmacko for CommSec's Chief Economist Craig James for saying this morning that (unquote) a 25 b.p. rise was almost a certainty.
These finger on the pulse types couldn't lie straight in bed.
These finger on the pulse types couldn't lie straight in bed.
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Yeah.
He can join the endless queue of reprobate pseudo-economists heading for their nearest wine cellar to drown in a collective sigh of sorrows....
Speaking of bwankers, I wonder if any of the Big4 will be tempted to raise rates regardless?
prawn_86
Mod: Call me Dendrobranchiata
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To be fair it was almost a certainty. Looking at the rates and the interest differentials 96% had been priced in. Everyone i worked with thought it was a sure thing.
I suppose you predicted it would be left on hold wizee?
Wysiwyg
Everyone wants money
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Havn't studied any reports, but wonder how much the spectre of mortgage pressure, especially amongst the new home owners entered into reasoning.
Anecdotally, that pressure is biting hard already
Anecdotally, that pressure is biting hard already
Whiskers
It's a small world
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are you guys really that surprised and dissapointed!?I think it's called 'self-interest'
I'm not surprised that they left it alone. As my followers
would have noticed, I've been calling/advocating for the AUD to fall against the USD for the benifit of our economy. I felt that has to happen to keep the playing field a bit level. Since the lingering troubles with Greece in Europe and the US economy turning around but at a much slower rate than Aus, ie the USD not rising very strongly, I suspect the RBA was thinking in terms of that equilibruim I mentioned earlier, especially since the RBA had said earlier that the banks had done much of their work by raising their rates in excess of the reserve.
The problem Aus has atm is probably more about controlling or at least styfiling the kneejerk excessive reactions of our banks to the RBA decisions and any unwanted side effects in particular sectors to our local economy in the context of rate rises against phasing out stimulus programs.
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Can someone who was watching the Currency (AUD/USD) tell me how quickly it dropped from the decision? Is it instantaneous? ie 100 pips in 2 seconds? ect
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Reckons bump it up 4% in one go and stop pussyfooting around
Hey Nun,
Whats your angle, why do you want rates to rise so quickly.
Are you sitting on a pile of US dollars.
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I have cash sitting in a Deposit due to be turned over shortly
I also am one of those scavenger types that dont mind picking the bones of the less fortunate that will get smacked if rates were to jump that fast .......
Im not here for a popularity contest so any moral arguments one may have towards my strategys in taking advantage of other peoples debt induced circumstances will fall on deaf ears
skc
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Can someone who was watching the Currency (AUD/USD) tell me how quickly it dropped from the decision? Is it instantaneous? ie 100 pips in 2 seconds? ect
about 25 secs in my charts which are probably slightly inaccurate. The first 30pips were pretty much instantaneous.