David Plank, head of Australian economics, ANZ Bank.
David Plank, head of Australian economics, ANZ Bank
RBA bringing wealth inequality to a town near you...…..
the big banks wont allow it, their profit at ANY COST is more important than the national economy & will see them take some, probably all of RBA's cut. this needs to be a criminal offence & their banking licence taken & jail for CEO's RBAInfo APRAinfo ScottMorrisonMP theage
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Bank regulator loosens lending rules, 'will help some borrowers access a mortgage'Australians will be able to get bigger loans if APRA goes ahead with plans to loosen the current requirement for banks to use a minimum 7 per cent interest rate when assessing mortgage applications. there goes cheaper housing for young couples Price would spike with LNP's neg gearing too Prices would be turbo charged This will only make the problem worse bigger crash more people will be cleaned out and on the street jusf evil Proceed with caution, read the fine print.
Source: abcnews - 🏆 5. / 83 Read more »
Jobs market will determine rate cuts: RBAThe RBA has made clear a softening in the jobs market will force it to cut interest rates, just days after official figures showed unemployment starting to increase. So they have two aims (lower unemployment and a higher CPI) and one policy instrument (the OCR)? Good luck with that fellas. I'm thinking of the 'Tinbergen Rule' here (you need at least as many instruments as you do targets). A hopeless situation developing, which could be financially explosive for stable economy
Source: smh - 🏆 6. / 80 Read more »
Tax relief, rates cut set to boost economyWorkers earning up to $90,000 a year can expect an extra $530 in your tax refund as result of last year's budget. 9News JUST HOW MANY EVERY DAY WORKERS EARN THAT MUCH IN A BLOODY YEAR‼️ wow - I'll start test-driving Italian sports cars Yay now we can pay our high debts off because of this government
Source: 9NewsAUS - 🏆 10. / 72 Read more »
'They just got it wrong': Why the RBA is doing a U-turn on interest ratesIn November last year, the RBA governor made clear he thought interest rates would be headed up in 2019. The reckoning came on Tuesday. swrighteconomy No They didn't want to rain on the SM lies and deceipt campaign swrighteconomy “We’re here to perform another miracle” said LiarFromTheShire swrighteconomy I don’t think rate cut will help when debts are massive and low wages growth
Source: smh - 🏆 6. / 80 Read more »