Australian Politics Forum - The Trojan Horse that was

freediver

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NAB lifts mortgage rate by 0.29%
Reply #75 - Mar 6^th, 2008 at 5:13pm

Rudd has again been huffing and puffing about banks raising rates by more than 0.25%. It will be interesting to see what he does about it, if anything:

NAB lifts mortgage rate by 0.29%

http://news.smh.com.au/nab-lifts-mortgage-rate-by-029/20080306-1xfq.html

National Australia Bank Ltd (NAB) has increased its variable home loan rate by 29 basis points.

The Reserve Bank of Australia (RBA) lifted the official cash rate by 25 basis points on Tuesday.

And in a briefing to investors on Thursday, St George Bank Ltd boss Paul Fegan admitted his bank was also considering a 40 basis point rise.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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deepthought Gold Member Offline In Defence Of Liberty Posts: 2869	Re: NAB lifts mortgage rate by 0.29% Reply #76 - Mar 6^th, 2008 at 6:58pm freediver wrote on Mar 6^th, 2008 at 5:13pm: Rudd has again been huffing and puffing about banks raising rates by more than 0.25%. It will be interesting to see what he does about it, if anything: Don't you know? He'll point the finger at everyone else. Or blame his staff.
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oceanz

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Re: The Trojan Horse that was
Reply #77 - Mar 6^th, 2008 at 7:10pm

None of you have been listening have you?. He and Swan said they are going to put downward pressure on inflation etc. So thats what they are going to do.

It took Howard 12 yrs to screw up interest rates ..How can a spanking new Govt put it all right in a few weeks.? Absurd.

I mean I guess you have to understand about economics a little to hazard even a halfbaked guess. I dont so I wont- but even a blind person can see they havent had a chance as yet.

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&&Jade Rawlings on Cousins " He makes our team walk taller..a very good team man , Ben Cousins"

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deepthought

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Re: The Trojan Horse that was
Reply #78 - Mar 6^th, 2008 at 7:15pm

Quote:

None of you have been listening have you?. He and Swan said they are going to put downward pressure on inflation etc. So that what they are going to do.

It took Howard 12 yrs to screw up interest rates ..How can a spanking put it all right in a few weeks. Absurd.

I mean I guess you have to understand about economics a little to hazard even a halfbaked guess. I dont so I wont- but even a blind person can see they havent had a chance as yet.

As John Howard had achieved a drop in interest rates a few months into his term I reckon they have had quite a long time to show us their skills. And they have - I count three interest rate rises by the banks since November 2007. One of which was without Central Bank action.

And I count billions of dollars wiped off Australia's corporate worth.

I reckon it's time for them to own up. And their apologists to open their eyes.

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freediver Gold Member Offline www.ozpolitic.com Posts: 49133 At my desk.	Re: The Trojan Horse that was Reply #79 - Mar 6^th, 2008 at 7:17pm Oceans, Rudd and Swan were making vieled threats to the banks about what might happen if they exceed the RBA increase. I think Howard and Costello made very similar threats. None of it amounts to anything. If you can't follow through you should keep your mouth shut or you lose credibility.
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mantra

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Re: The Trojan Horse that was
Reply #80 - Mar 6^th, 2008 at 7:27pm

Quote:

As John Howard had achieved a drop in interest rates a few months into his term I reckon they have had quite a long time to show us their skills. And they have - I count three interest rate rises by the banks since November 2007. One of which was without Central Bank action.

So Howard achieved a drop in interest rates a few months into his term DT? In 3 months - you're saying this is what Howard achieved? That is a huge lie - in fact one of the biggest porkies I've seen on this board. Keating got the economy going on a steady ascent through good economic policy and Howard was lucky enough to get in at the right time and run with it - not to mention take false credit for it. Any economist will tell you that the good times started before Howard got in. For the second time he's left it in bad shape for Labor.

The consistently escalating interest rates started a couple of years or more before Rudd got into power - no denying that.

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deepthought

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Re: The Trojan Horse that was
Reply #81 - Mar 6^th, 2008 at 7:56pm

mantra wrote on Mar 6^th, 2008 at 7:27pm:

Quote:

As John Howard had achieved a drop in interest rates a few months into his term I reckon they have had quite a long time to show us their skills. And they have - I count three interest rate rises by the banks since November 2007. One of which was without Central Bank action.

So Howard achieved a drop in interest rates a few months into his term DT? In 3 months - you're saying this is what Howard achieved? That is a huge lie - in fact one of the biggest porkies I've seen on this board. Keating got the economy going on a steady ascent through good economic policy and Howard was lucky enough to get in at the right time and run with it - not to mention take false credit for it. Any economist will tell you that the good times started before Howard got in. For the second time he's left it in bad shape for Labor.

The consistently escalating interest rates started a couple of years or more before Rudd got into power - no denying that.

Don't tell porkies mantra. The interest rate John Howard inherited from Paul Cheating had been the same for over a year. It wasn't falling at all - it was static. A little knowledge would be helpful if you bothered to gain it.

Little Cardboard Kevvy actually achieved an unprecedented interest rate rise - one without Central Bank action. This is extraordinary and did not happen ever during the entire 11 years of the coalition's brilliant managing of the economy.

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