Julian2 Posted September 2, 2008 Report Share Posted September 2, 2008 Home buyers can expect four more rate cuts. HOME buyers can expect up to another four interest rate cuts by the end of next year following yesterday's first reduction in seven years, economists say. Mortgage holders received a small cut yesterday, with the Reserve Bank of Australia announcing a 25 basis point drop in interest rates to 7 per cent. Economists now are forecasting official interest rates will drop to 6 per cent by the end of next year, equating to further savings of $191 a month on the average South Australian mortgage of $281,035. Torneyboy Switches to Labor! Link to comment Share on other sites More sharing options...
Julian2 Posted September 2, 2008 Author Report Share Posted September 2, 2008 Rudd Government cuts Fuel Prices. Light, sweet crude for October delivery fell $7.73 to $107.73 a barrel on the New York Mercantile Exchange, after earlier dropping as low as $105.46. The last time prices hovered in that range was in early April before a historic run-up above $147 per barrel. Earlier in the session prices had dropped as low as $105.46. Torneyboy Found Floating in Harbor Link to comment Share on other sites More sharing options...
elef Posted September 2, 2008 Report Share Posted September 2, 2008 Hm, the interest rates will come up in europe and the US. Why are you special down there? Link to comment Share on other sites More sharing options...
Julian2 Posted September 2, 2008 Author Report Share Posted September 2, 2008 Good Government, good economic management. Australians had forgotten what it meant. Link to comment Share on other sites More sharing options...
FAT_AUSSIE Posted September 2, 2008 Report Share Posted September 2, 2008 Actually Rudd did not cut interest rates and the Rudd government did not cut the oil price. Interest rates are determined by the Reserve Bank of Australia, a panel independent of the Australian government. And Light sweet crude is traded on NYMEX again something of which Mr Rudd has nil control over. Good Government, good economic management. Australians had forgotten what it meant. Palease.... Rudd shoud be showing grattitude to the Howard gov't, in particular Peter Costello. The economy we have here today is basicly a product of Costellos hard work and abilities. FAussie... Link to comment Share on other sites More sharing options...
Julian2 Posted September 2, 2008 Author Report Share Posted September 2, 2008 Ha! When the Howard Government came to power everything went up and up and up. They never stopped telling us what wonderful government they were so now rates are dropping Labor must be better. Read 'em and weep. Link to comment Share on other sites More sharing options...
Old Hippie Posted September 2, 2008 Report Share Posted September 2, 2008 Rudd Government cuts Fuel Prices. Light, sweet crude for October delivery fell $7.73 to $107.73 a barrel on the New York Mercantile Exchange, after earlier dropping as low as $105.46. The last time prices hovered in that range was in early April before a historic run-up above $147 per barrel. Earlier in the session prices had dropped as low as $105.46. Torneyboy Found Floating in Harbor So I guess this means "Demand" for oil has gone down? I mean the claim is it was never just speculation and greed fucking the price up. Link to comment Share on other sites More sharing options...
Torneyboy Posted September 3, 2008 Report Share Posted September 3, 2008 Home buyers can expect four more rate cuts. HOME buyers can expect up to another four interest rate cuts by the end of next year following yesterday's first reduction in seven years, economists say. Mortgage holders received a small cut yesterday, with the Reserve Bank of Australia announcing a 25 basis point drop in interest rates to 7 per cent. Economists now are forecasting official interest rates will drop to 6 per cent by the end of next year, equating to further savings of $191 a month on the average South Australian mortgage of $281,035. Torneyboy Switches to Labor! The RBA cuts rates ..not Rudd ..he can do zip ..! The Rba had to drop the rate as spending has just about stopped dead ...and there are so many for sale signs about (mortagee sale)...people were and still are hurting ... Link to comment Share on other sites More sharing options...
Torneyboy Posted September 3, 2008 Report Share Posted September 3, 2008 Good Government, good economic management. Australians had forgotten what it meant. Good luck ..more to the point Link to comment Share on other sites More sharing options...
Torneyboy Posted September 3, 2008 Report Share Posted September 3, 2008 China and India must have slowed down their demand..... Link to comment Share on other sites More sharing options...
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