Reserve Bank interest rate meeting?

[Bushman]

Fear of a real estate bubble anyone?

 

[Soft Dough]

This is interesting as only last week the banks were saying they don't expect to raise rates before the next RBA increase in rates. Perhaps their analysers were very confident of what was about to come.

Ah it's nothing, still has 400 basis points to go before it is where it was in september.

Westpac variable homeloan is at 5.81%

savings account at 4.7%

be nice to see them have 4.25% added

 

[trainspotter]

All aboard to rate hike heaven. Wasn't there a thread created as to who could give a date as to when rates would rise? Wil have to try and search for it to see who WON !!

Also have a look in the "house prices to rise" etc thread for my opinion on the matter.

 

[MACCA350]

About time too, woohoo

cheers

 

[trainspotter]

Expect a few more over the next 6 months ! Shares up, house prices up, inflation up, jobs are up, debt is up so therefore INTEREST rates to follow.

 

[Timmy]

Fear of a real estate bubble anyone?

Be interesting to see the minutes when they are released. There has been chatter on the blogs etc. about how it is now likely central banks will be much more focused on asset price inflation compared to in the past, when the asset bubbles were allowed to form as long as the goods and services CPI was on or under target. I think this move could well validate such chatter (hadn't seen much of it, was only a very recently developing theme). Wow.

 

[robots]

hello,

what happened to 0% interest rates Associate Professor S.Keen?

oops

thankyou
robots

 

[boofhead]

Expect a few more over the next 6 months ! Shares up, house prices up, inflation up, jobs are up, debt is up so therefore INTEREST rates to follow.

How are the jobs up? Unemployment rate only looks static because people are dropping out of looking for work for various reasons. The amount of hours worked is dropping which will probably be negative for consumer spending and that will flow through more.

 

[Largesse]

a true visionary

HAAAAAAAAHHAAHAHAHAHAH

 

[Soft Dough]

hello,

what happened to 0% interest rates Associate Professor S.Keen?

oops

thankyou
robots

Labor government recklessly going approx $200 billion into debt is what happened.
Plus almost all credible analysts expected things to get much worse than they did, not just S. Keen.

As for predictions, how about showing some skill and saying what percentage increase in house prices you think will happen over the next 12 months,

or will we just get another 5 word response with no content?

 

[satanoperca]

hello,

what happened to 0% interest rates Associate Professor S.Keen?

oops

thankyou
robots

I'm just thankful he was wrong at this point in time but does not mean that it could not occur in the future.

If everyone thinks that we are out of the woods they must have been standing in a desert in the first place. Nothing has changed except everyone is in more debt including the government.

Go credit growth it is the only answer! Ha

Nothing has been resolved.

We will see some of the greatest changes in society over the coming decade.

 

[robots]

Labor government recklessly going approx $200 billion into debt is what happened.
Plus almost all credible analysts expected things to get much worse than they did, not just S. Keen.

As for predictions, how about showing some skill and saying what percentage increase in house prices you think will happen over the next 12 months,

or will we just get another 5 word response with no content?

hello,

my credentials already speak for themselves, one of five on the PLANET who got it right, yes brother think of the population and I am one of five who called it

fantastic, dont buy in 2001, dont buy in 2003, dont buy in 2005, dont buy in 2007

just buy

thankyou
robots

 

[robots]

hello,

gee with all the high fiving going on from the crew over the .25% rise I thought you could of rounded up some of the following:

Numbercruncher
Kimosabi
Chops A Must
Pepperoni
Knocker (new addition, looks like internet cafe business not going to well)
The financial advisor guy who sold out too early
Forgotten anyone?

ah the crew

thankyou
professor robots

 

[Soft Dough]

hello,

my credentials already speak for themselves, one of five on the PLANET who got it right, yes brother think of the population and I am one of five who called it

fantastic, dont buy in 2001, dont buy in 2003, dont buy in 2005, dont buy in 2007

just buy

thankyou
robots

Yep as I suspected, not prepared to even mention a percentage gain for the next 12 months.

I guess if in the past just going with the herd helped, then it may help now.

As for the market not going down, there is still time, and I guess you predicted that the government would come in and save the day.


So once again, and as everyone here can read, including yourself.

What percentage increase in house prices do you predict over the next 12 months.

 

[robots]

hello,

wouldnt have a clue, but i will be in it

thankyou
professor robots

 

[Soft Dough]

hello,

wouldnt have a clue, but i will be in it

thankyou
professor robots

I guess that you lose credibility when you keep insulting people such as S. Keen with the guts and manlihood to put their reputation on the line and fail to do so yourself.

Poor form

I also guess that you must be really small fry in the scheme of things as you obviously do not budget, nor does your accountant advise you to do a budget. All reasonable investments should have break evens and projections with assumed growth.

 

[robots]

I guess that you lose credibility when you keep insulting people such as S. Keen with the guts and manlihood to put their reputation on the line and fail to do so yourself.

Poor form

I also guess that you must be really small fry in the scheme of things as you obviously do not budget, nor does your accountant advise you to do a budget. All reasonable investments should have break evens and projections with assumed growth.

hello

i took up a bet with Satanoperca just recently and collected BigTime,

yes small fry, just a humble building worker trying to get through life, just helping out others as they battle the demons of our fast paced world

putting them on a plan to financial freedom and to a place of true happiness

thankyou
professor robots

 

[Timmy]

Fear of a real estate bubble anyone?

There has been chatter on the blogs etc. about how it is now likely central banks will be much more focused on asset price inflation compared to in the past,

This from the Financial Times:

according, to Morgan Stanley's Joachim Fels:

The RBA's move holds an interesting lesson that is worth keeping in mind when thinking about other central banks' prospective behaviour in the upcoming tightening cycle: strongly rising asset prices may induce central banks to start lifting rates early from record-low emergency levels even if growth is still below-trend and inflation below-target. The RBA expects growth to return to trend next year, and also remarks that "dwelling prices have risen appreciably over the past six months".
My bolding.

http://ftalphaville.ft.com/blog/200...ing-lesson-from-the-rba-rate-hike/?source=rss

Nice to see the good people at Morgan Stanley are reading ASF, where we always strive to be ahead of the curve

 

[satanoperca]

They are smart cookies arn't they.

Rising house prices is meant to be good for the country just ask Kincella & Robots.

Cheers