Australian Politics Forum - Low interest rates

adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Low interest rates Aug 5^th, 2013 at 7:53pm Given that Tony Abbott and Joe Hockey promised that interest rates will always be lower under a Coalition govt what are they planning to do to drag interest rates lower...plunge Australia into a decade long recession? Good luck with that people
Back to top	Go the Bunnies IP Logged

Kat Gold Member Offline Socialism IS the answer. Posts: 17709 Everywhere and no-where Gender:	Re: Low interest rates Reply #1 - Aug 5^th, 2013 at 7:56pm Neither interest rates or debt levels will ever satisfy a conservative. No matter how low or insignificant. Interest rates at record lows, and idiot-features thinks they're too high? The man's a goose. A vote for Abbott is a vote by a fool *for* a fool.
Back to top	IP Logged

perceptions_now

Gold Member

Offline

Australian Politics

Posts: 11694
Perth WA
Gender: male

Re: Low interest rates
Reply #2 - Aug 5^th, 2013 at 10:02pm

Low interest rates, are but one by-product of a global Economic system, which is under enormous stresses, due to once in history events, such as -
1) Baby boomer Demographic challenges.
2) Energy Supply shortages & Price increases.
3) Climate Change.

In this instance, lower interest rates is an indicator that all is not well, with the entire Economic system & any further lowering of rates in OZ will simply confirm that the Global situation is continuing to worsen!

Back to top

IP Logged

woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Re: Low interest rates Reply #3 - Aug 5^th, 2013 at 10:04pm you happily compare our debt to other countries so why are our rates exorbitantly high compared to them?? The RBA rate should be 1%
Back to top	IP Logged

perceptions_now

Gold Member

Offline

Australian Politics

Posts: 11694
Perth WA
Gender: male

Re: Low interest rates
Reply #4 - Aug 5^th, 2013 at 10:11pm

woof woof wrote on Aug 5^th, 2013 at 10:04pm:

you happily compare our debt to other countries so why are our rates exorbitantly high compared to them??

The RBA rate should be 1%

You should be able to answer that question yourself Woofy, think on it.

That said, why would a 1% RBA rate produce any better results than the ZERO rates, effective in Europe, Japan & the USA, which are all still basket cases?

Back to top

IP Logged

woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Re: Low interest rates Reply #5 - Aug 5^th, 2013 at 10:12pm Ok so drop them to 0%
Back to top	IP Logged

perceptions_now Gold Member Offline Australian Politics Posts: 11694 Perth WA Gender:	Re: Low interest rates Reply #6 - Aug 5^th, 2013 at 10:17pm woof woof wrote on Aug 5^th, 2013 at 10:12pm: Ok so drop them to 0% And achieve what? Europe, Japan & the USA, are all effectively at ZERO & they are still basket cases? The reasons why they are still basket cases are also the reasons why it won't work here & it won't work this time, when it has been successful in the past!
Back to top	IP Logged

Kat Gold Member Offline Socialism IS the answer. Posts: 17709 Everywhere and no-where Gender:	Re: Low interest rates Reply #7 - Aug 5^th, 2013 at 10:20pm Don't bother, Perce, he's a goose, and will never 'get it'.
Back to top	IP Logged

woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Re: Low interest rates Reply #8 - Aug 5^th, 2013 at 10:31pm you ppl are seriously thick as dog poo the reason Europe is fkd isn't because 0% rates didn't work, is because they have 20% unemployment. we'll have 20% UP too if things keep going the way they are??
Back to top	IP Logged

miketrees Gold Member Offline Australian Politics Posts: 6490 Gender:	Re: Low interest rates Reply #9 - Aug 5^th, 2013 at 10:33pm Zero would lower the $A and give exporters and manufacturers a fighting chance. Oh yes that's the working part of Australia the bit that leftards have no understanding of.
Back to top	IP Logged

perceptions_now

Gold Member

Offline

Australian Politics

Posts: 11694
Perth WA
Gender: male

Re: Low interest rates
Reply #10 - Aug 5^th, 2013 at 11:02pm

woof woof wrote on Aug 5^th, 2013 at 10:31pm:

you ppl are seriously thick as dog poo

the reason Europe is fkd isn't because 0% rates didn't work, is because they have 20% unemployment.

we'll have 20% UP too if things keep going the way they are??

Woofy,
The major reasons why Europe has such high Unemployment rates are the same as the reasons for the current Global GFC and those are reasons 1-3 in the following post!
http://www.ozpolitic.com/forum/YaBB.pl?num=1375696410/2#2

You need to bear in mind, there are some big differences, between causes & effects.

Back to top

IP Logged

John Smith

Gold Member

Offline

Australian Politics

Posts: 75191
Gender: male

Re: Low interest rates
Reply #11 - Aug 5^th, 2013 at 11:06pm

woof woof wrote on Aug 5^th, 2013 at 10:31pm:

you ppl are seriously thick as dog poo

the reason Europe is fkd isn't because 0% rates didn't work, is because they have 20% unemployment.

we'll have 20% UP too if things keep going the way they are??

what do you think unemployment will get to once Abbott starts his austerity measures?

You can start with about another 340 000 unemployed shorty after Abbott wins, once GM closes down.

Back to top

Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

IP Logged

perceptions_now

Gold Member

Offline

Australian Politics

Posts: 11694
Perth WA
Gender: male

Re: Low interest rates
Reply #12 - Aug 5^th, 2013 at 11:15pm

miketrees wrote on Aug 5^th, 2013 at 10:33pm:

Zero would lower the $A and give exporters and manufacturers a fighting chance.

Oh yes that's the working part of Australia the bit that leftards have no understanding of.

It ain't necessarily so!

Both the Euro & the British pound have been considerably lower against the US$, the oZ$ and other currencies, BUT THAT HAS NOT SEEN A REBOUND IN THEIR ECONOMIES.

The US$ has also been lower, without any noticeable Economic rebound & now, when their money printing has been at its highest, the US$ has actually rebounded higher - GO FIGURE!

Back to top

IP Logged

skippy.

Gold Member

Offline

Posts: 20882
Gender: male

Re: Low interest rates
Reply #13 - Aug 6^th, 2013 at 7:51am

woof woof wrote on Aug 5^th, 2013 at 10:04pm:

you happily compare our debt to other countries so why are our rates exorbitantly high compared to them??

The RBA rate should be 1%

Because our economy is not as stuffed as those countries, Mattys sock. You extremist loonies won't be happy until the women basher is PM and trashes our economy to turn it into another basket case economy.

Back to top

freedivers other forum- POLITICAL ANIMAL
Click onWWW below

IP Logged

woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Re: Low interest rates Reply #14 - Aug 6^th, 2013 at 8:31am Our economy thanks to labor is a basket case, dud you miss the 3 billion a week blow out the other day, were screwed
Back to top	IP Logged