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"Big four banks lower fixed rates" - ABC
"The big four banks have dropped their fixed interest
rates as the pressure on funding costs ease."
Ten years of HighRate Howard's RateWatch, watching
rates rise and Rise and RISE ..TWELVE times, while those
tory liars JUST WATCHED, and with their first budget, the ALP
has turned the economy around!!! And now those Lieberal
economic vandals are trying to destroy the fiscally responsible
budget
surplus and create a $3,000,000,000 Black Hole!!
Are they determined to see themselves WIPED OUT POLITICALLY?
Are they still the LEMMINGS who followed Howard over the Cliff?
and are still clinging to Brenda as he plummets towards the rocks
below?
"It is the second time in less than a month that the
Commonwealth Bank, National Australia Bank, ANZ
and Westpac have lowered their fixed rates."
TWO INTEREST RATE FALLS IN A MONTH!!!
No wonder the Lieberals are hiding, after they gave Aussie
families RECORD unaffordable housing, RECORD debt,
and then Highrate Howard and his economic mismanagers
tightened the screws with TWELVE interest rate rises.. all the
while LYING 'We will keep interest rates at record LOWS!? B^p
Those creeps destroyed families and left them bankrupt,
and losing their HOMES!!
"Macquarie Bank interest rate strategist Rory Robertson
says some of the rates banks pay to fund their loans have eased.
"There was a bit of an inflation scare in June when petrol
and oil prices were punching to the sky," he said."
A 'bit of an inflation scare', but now they are lending again!
Talk about a soft landing! Although the USSA economy is
a trainwreck, the links Whitlam made with China, and Hawke
and KEating developed with APEC, our most valuable trade
alliance...have kept our economy strong despite the global
credit crisis!!!
Brilliant! No wonder the tory Chiken Littles are screeching!
B^D
"[But] in the past month or two, oil and petrol prices have come
down quite a bit and so we're seeing some of the market's
inflationary fears subsiding, and alongside that we're seeing
some of the longer-term interest rates subsiding," he said."
INFLATIONARY FEARS SUBSIDING! Well Done, Kevin!
But wait.. there's STILL MORE GOOD NEWS To COME:
"The Reserve Bank is widely tipped to cut rates by 0.25 per
cent when it meets next week and Mr Robertson says it is
likely borrowers will feel the full effect of that cut through
lower variable rates."
WHOOOOOOOOOOOOOOO HOOOOOOOOOOO!
I am so happy for all the Aussie working families who have had
the jackboot of Highrate Howard's crushing interest
rate increases lifted from their necks!!!!
"A couple of major banks have said they expect to be able to
follow the Reserve Bank's 0.25 cut with 0.25 cuts in headline
mortgage rates," he said.
"I assume competitive pressures will see most of the
major lenders follow the Reserve Bank in cutting by about 0.25."
Thank Goodness Aussies tossed out those tory frauds, liars and
under-performers.
Costello's Book, which shoukld be titled "How Kevin Rudd
reversed my 12 Interest Rate rise in just weeks" looks like
it will be on the remainders table as soon as it comes out..
Who CARES what that nutless twonk wants to whine about?
"Mummy.. They didn't wet me be da King.. I wanned to be King,
why did the nasty mens not let me!"
if I wanted to hear some pansy has-been cry i could go to
Mardi gras and listen to an old Queen like SirVile Coward bitch
about his sagging silicon implants!
B^D
On Thu, 28 Aug 2008 03:34:36 -0700 (PDT), f...@y...com wrote in
aus.culture.true-blue:
>
>"Big four banks lower fixed rates" - ABC
>
>
>"The big four banks have dropped their fixed interest
>rates as the pressure on funding costs ease."
Bastards! I don't have a mortgage but I do have superannuation and
savings - I like a high interest rate.
10% would be great
Regards
Dinsy
Tantum religio potuit suadere malorum - Lucretius
<f...@y...com> wrote in message
news:8c04f8ac-673d-423e-80b1-4d9a77c2aefe@n38g2000pr
l.googlegroups.com...
>
> "Big four banks lower fixed rates" - ABC
>
>
> "The big four banks have dropped their fixed interest
> rates as the pressure on funding costs ease."
>
Oh what a shame!
I was hopimg interest rates would go higher.
Warmest Regards
Bonzo
". researchers at the Max Planck Institute for Solar Research in Germany
report the sun has been burning more brightly over the last 60 years,
accounting for the 1 degree Celsius increase in Earth's temperature over
the last 100 years."
http://ibdeditorial.com/IBDArticles.aspx?id=28727941
2587175
Yawnn.... Pop in after a few months break and it's still just fags
rabbiting on and very little else.... Ah well, lets cut his head off yet
again.....
Remember the Midnight Oil Song, "Short Memory" ????
Parasites like che/fags prey on people having short memories... Lets
throw some reality and history at this shall we? Since che is hedging
the be-all and end-all on interest rates lets look at history since
Liberal's inception in 1944....
Menzies through to McMahon (Liberal) Dec '49 (no interest rates
available for back that far where I'm looking, so lets go from....) 5%
in Jan '59 -> 7% in Dec '72... Increase of approx 0.14% a year.
Whitlam (Labor) - 7% in Dec '72 -> 10.38% in Nov '75... Increase of
approx 1.1% a year.
Fraser (Liberal) 10.38% in Nov '75 -> 12.5% in Mar '83... Increase of
approx 0.3% a year.
** Liberal the clear winners. More increase under 3 years of Labor than
under more than 7 years of Liberal, increasing at nearly 4 times the rate.
Hawke/Keating (Labor) 12.5% in Mar '83 -> 10.5% in Mar '96... Decrease
of approx 0.15% a year, with a peak of 17% that lasted nearly a year.
Howard (Liberal) 10.5% in Mar '96 -> 8.55% in Nov '07... Decrease of
approx 0.17% a year, with a peak of hmmm, the 10.5% they were left
with, nothing exceeded their inherited interest rate.
** Liberal the clear winners between these 2 governmental periods. The
peak was the rate Labor left them, where as Labor's peak was 6.5%
greater than anything they were left with which lasted for nearly a
year, and is the highest interest rate in the history of Liberal/Labor
politics, and reduction under Liberal achieved marginally faster than
Labor managed with nothing above what they inherited in stark contrast
to the previous Labor govt's epileptic and monstrous interest rates.
Lets also look at record lows. 8.75% under Labor throughout these
periods, a reduction of 3.75% at best from their inherited rate. Liberal
managed 6.05%, a reduction of 4.45% from their inherited rate. On a
winner there too. Not to mention they held it close to this rate for a
hell of a lot longer than Labor managed to keep it close to their low.
And how about to date with the current government???
Rudd (Labor) 8.55% in Nov '07 -> 9.45% in Aug '08... Increase of approx
1.3% a year to date, shit he's doing better than Whitlam!!!
Rather than listening to either side playing twists of politics and
trying to hide raw facts in political diatribe, just look at history.
Says it all really.....
f...@y...com ("so much heat, so little light") wrote:
<snip fag's usual smokescreen of hot air>
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