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Originally posted by Fledz There is no chance in hell Labor or Liberals (if they had stayed in power) will lower interest rates. It's just not a wise thing to do with such a booming economy and record low unemployment rates.

i never said anything about LOWERING rates?
if they're going anywhere, they have to go up, every kid who did year 12 economics knows that.

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Originally posted by DJ Robby Rox I've never had a problem with FLs tech support till this day. (I've actually never used it till this day)

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Originally posted by floyd741 i think echosystm is a pretty cool guy. eh pwns robby rox and doesn't afraid of anything.

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Originally posted by steve_may if interest rates OS rise... so do ours. at least liberal got them down from labor. now lets see how much impact the gob have on the rates :P waits for new labor's "new australia" to return to old labor ways and fuck everything up

when they showed on the ad campaigns interest rates of 17% during the former governments reign, they were showing the peak interest rates...the interest rate at the end of the keating government was equal to what they are now. Howard hasn't performed any huge miracles, It's not like labor totally fucked things up last time, imo the policies put in place by the former labor government are why we are where we are now in terms of our economic position. Having said that Rudd-Swan are not hawke-keating, so i guess we'll have to wait and see.

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Originally posted by Fledz There is no chance in hell Labor or Liberals (if they had stayed in power) will lower interest rates. It's just not a wise thing to do with such a booming economy and record low unemployment rates.

that and they can't just lower them even if they feel like it.

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good, finally here's proof that he has misjudged public opinion....

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Originally posted by echosystm low interest rates invoke investment. the demand on the house market is high. therefore, prices rise as supply is (relatively) fixed. the rba set interest rates and are "officially" separate from the direct control of parliament. however, those in government have control of all the factors which indirectly affect rates. therefore, it is the governments fault. the worse the market gets now, the bigger loans people will have. when the bubble bursts, and it will, those people in debt will be royally fucked because they'll be paying back more on their loan.

Correct. Low interest rates and a strong economy invoke investment.

The government has some control over RBA, however it is quite limited.

Investment (proerty/shares) leads to price rises (basic supply vs demand), which in turn leads to inflation and people bitching about how expensive everything is. Interest rates therefore must go up to combat idiots spending money who actually can't afford it, and curb private investment and inflation.

So, what would you prefer? A shitty economy where no one afford jack shit, or a booming economy that is TOO successful and must therefore be curtailed? Interest rates aren't even high at the moment. In the 70's and 80's they were mostly above 15%!

Or, worst case scenario, a shitty economy AND high interest rates, as has been the case under a few governments.

I think we're doing pretty well at the moment, though I wish I lived in Japan, which as 1% interest rates!

Read an interesting article in The Age the other morning which expressed concern that we are heading for a global recession due to a lack of skilled labour in China and India. 'Twas interesting. I hope property prices crash by 50% the week before I'm ready to buy.

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you say interest rates arent high at the moment but what is worse...18% on a 80,000 loan as it would have been then or 8% on 400,000?

Echosystems avatar makes me giggle like a schoolgirl every time I see it.

That's pretty much all I have to contribute to this discussion :|

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Originally posted by stipsy you say interest rates arent high at the moment but what is worse...18% on a 80,000 loan as it would have been then or 8% on 400,000?

Do you not realise that inflation means wages are proportional to the cost of goods and property?

i.e in the 80's the average wage was say..$200p/w, and houses were $150,000, whilst now the average wage might be $800p/w and a family home might be $500,000?

A small amount of inflation is necessary for a healthy economy.

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Originally posted by dan_essential Rudd you Studd!

I'm pretty certain that Rudd won because he had a facebook account leading up to the election.

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Originally posted by eRRaTiK I'm pretty certain that Rudd won because he had a facebook account leading up to the election.

totally agree, i've added the bastard but he rejects my invitation....****

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Originally posted by steve_may if interest rates OS rise... so do ours. at least liberal got them down from labor.

click here
(and that was 2004 - before they went up 6 times - and we moved up to the industrialised worlds top 6 highest interests rates)

but any whoot yeah its all over now - little johnny and peter are all over - just havta see what happens next i guess

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Last edited by Light The Fuse on Nov-27-2007 at 06:21

Time for Turnbull I think. He looks like he has potential.
Nelson is ok too so he could be good.
Abbott? Errr.....pass

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