Originally posted by Light The Fuse 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
1. The Age is biased - like all media.
2. You can't directly compare our current interest rates to that of other countries, as our economies are completely different.
What you can compare them to is our our history, which shows that rates are quite low at the moment compared to the last thirty years. Yes, we have had recent rises, but as I said earlier, that is the result of a healthy economy (it's a "good" rise), and thus not such a terrible thing.
What I don't understand is why people put deposits on houses, live on a complete shoestring and expect rates not to rise at all in the next 20 years of their mortgage. I know that when I buy (next 2 years), I'll be buying something well within budget so that should rates go up I'll be able to sustain my repayments. Most people don't seem to plan for the future like this at all.
It's all because of a spoilt generation intent on chasing the biggest house and the nicest car, within being willing to compromise as their parents were..."affluenza".
Registered: Dec 2001
Location: Melbourne, Australia
if the government has no control over interest rate rises, how come all the liberal ads in the last 2 election campaigns kept going on about how interest rates will rise under labor?
Originally posted by Philby
if the government has no control over interest rate rises, how come all the liberal ads in the last 2 election campaigns kept going on about how interest rates will rise under labor?
Any government can't have direct control over the RBA and say "lower interest rates now!", however the Liberal pitch was that Labor's poor management of the economy would create masses of debt and hence interest rate rises.
It's incorrect to say the government has no control whatsoever over interest rates - they can do certain things to curtail them, but they have no direct say in how they are set.
As I said, current interest rate rises were necessary to curb over investment, inflation and an outrageous property market...
Registered: Feb 2007
Location: Melbourne, Australia
I made ticks and crosses all over the ballot paper coz I wanted to be as messy as politics and their representatives...
Really, I would have voted for the Anarchists but that party has long ago been dispersed by SAS units out of fear it could get a foothold in Australia...
Anyway, one day in the not so distant future - political parties in Australia will turn their attention to the Dance and Trance Communities and label them officially as secular and damaging to the otherwise stable social climate of this country. This will be the day we either will go officially underground or we "stabalise"!
I have already prepared my emergency lunch box and other neccessities and advise all of you who are in this for the long haul to consider measures which can oppose such future undertaking by the respective government.
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Born in hell - or so angelic, you NEED a pinch of psychedelic! (Lucas, Aphid Moon)
Dec-02-2007 15:46
pkcRAISTLIN
arbiter's chief minion
Registered: Jul 2002
Location:
quote:
Originally posted by TRANSPHERE
I made ticks and crosses all over the ballot paper coz I wanted to be as messy as politics and their representatives...
Really, I would have voted for the Anarchists but that party has long ago been dispersed by SAS units out of fear it could get a foothold in Australia...
Anyway, one day in the not so distant future - political parties in Australia will turn their attention to the Dance and Trance Communities and label them officially as secular and damaging to the otherwise stable social climate of this country. This will be the day we either will go officially underground or we "stabalise"!
I have already prepared my emergency lunch box and other neccessities and advise all of you who are in this for the long haul to consider measures which can oppose such future undertaking by the respective government.
yeah. the SAS were used against a rag-tag bunch of the unwashed wanker.
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Dec-02-2007 22:19
charlee
Clubsguide Editor
Registered: Jun 2005
Location: Prahran
Are interest rates all anybody cares about?
What about the restoration of public services? Thats what I am looking forward to. The people who need help actually getting it.
I guess it depends on where and how you grew up as to what is important to you. I am sad that it took money for the Australian people to change their vote but I'm glad they finally did.
I've been a fan of Rudd since he appeared on Sunrise every week to debate and I am excited about his leadership
I dont think we will ever see Renegade vote for the Liberals
Dec-03-2007 06:08
Lilith
Meowsies!
Registered: Nov 2000
Location: Maximum Security twilight home for cats
According to the polls, it was the work choices that ultimately slaughtered them. But I care(d) about interest rates, when you buy your first home you'll probably understand how much they hurt.
wanker.
