am really looking forward to the big drop in interest rates that will come again....
just 2 days out from the year end, and all those horrid figures coming out so soon...just wait for all the worst figures to be reported in the next 3 months
retail spending is the worst in 25 years....etc
those 6 rate hikes in as many months cruelled the economy....Swan and Rudd had no idea, so with all the pressure from them the RBA kept upping the rates...in order to substantiate Swan and Rudds foolish lies, that the economy was strong under their leadership....
am afraid Gen Y has finally succumbed to the reality that they are not affected by the GFC.....notice a large number of shops in Chapel st have closed their doors....so the kids have stopped spending
the banks have tightened lending, so it will be harder for the kids....
they will have a chance again with the coming lower interest rates, but they need to get out of the inner suburbs, and buy affordable houses in the outer suburbs......just an easy half hour drive on our great freeways....
due to the political fiasco of the past 2 years, and now the looming elections, investors have held tight.....hence the low building approval numbers...means less housing available in the future...
with a federal election in the coming months, most investors will probably wait for the result before making a move....
but others will be gearing up, ready to pounce with the lower rates....and the prime house sales period of Spring should surprise the average punter....
the kids who took advantage of the low rates in 2008, and ignored the doomsdayers warning, are feeling pretty smug now, with average 20% gains..those who missed it last time, will not miss it this time.....
just another window of opportunity.....all other developed economies have not raised their rates after dropping them in 2007.....australia was the only mug country to raise rates.....we can blame the gang of 4 for that disaster...
so whilst the GFC phrase 2 plays out for another year or two, astute investors will be preparing for the next bonanza, as the world recovers from the GFC.....
there will be some stunning opportunites for the smarter ones, who are cashed up and can obtain finance.....
the small superfund investors have started buying commercial properties again...and the asians are in on this too....spending 23 million in just a day or so...
http://www.theaustralian.com.au/bus...s-shopping-again/story-e6frg9gx-1225886373571
ps... that fiasco with the mining tax yesterday is not a done deal....just more smoke and mirrors to suck in the voters.....watch out for the angst from the small miners, and the backlash on that front.....it will not be good for the stock market....