Interest rates

[IQS.RLOW]

So the interest rate falls to below emergency levels and Swan is spinning bullshit like a top that it's 'Labor economic management' that is good for families.

What a load of fucking bullshit spin. Even Swan looks like even more of a rabbit in the headlights than he normally does when dribbling his spun lines.

The only thing the ALP have done with interest rates is forced the RBAs hand though ALP shitty management to slowly erode one of the most powerful economic levers that Australia has in a financial crisis...and Swan knows it.
You can see the panic in his face

One of the reasons that the EU, Japan and others are in such dire straits is is because they have no economic leverage- this is where the ALP is taking us slowly but surely.

Waynke Swan is the captain of the Costa Concordia of the Australian economy...driving it onto the rocks in a display of bravado, scampering off and claiming that the ALP was the hero and should be worshipped.

The ALP have just about completed the complete fucking of the country

[mantra]

One of the reasons that the EU, Japan and others are in such dire straits is is because they have no economic leverage- this is where the ALP is taking us slowly but surely.

Yes we're hooking up with the EU and their debt - ie EU carbon trading agreement passing unquestioned through legislation. Mainstream Australians aren't spending because they don't have the money or they're trying to hold onto a little for a rainy day, but that's going too as interest rates keep dropping. However high interest rates still remain on debts. We are being sold off to the multinationals without a thought. If they don't get the cash one way - they'll get it another.

Another example - AGL gas is going to drill for gas under homes in Western Sydney. It will possibly affect 3,000 homes to start with. No-one can do anything about it except the Liberal premier, but he won't. This is why people aren't spending. They won't borrow money for housing, furnishings, appliances etc. because house prices are too high and the future is too uncertain. If they don't lose their home to the bank - they could lose it to a Coal/Gas company.

Neither party care about the direction Australia is going in. Mainstream Australia is quickly losing its quality of life because we're piling the people in and having to share services, but no politician will do anything about it because they've all got the same puppetmaster. We will go bankrupt before the US.

[Talking Horse]

That sounds like ripe tosh. No link provided, of course.

[mantra]

That sounds like ripe tosh. No link provided, of course.

Rock bottom interest rates

By the way, here's a riddle for you: how can the Australian dollar fall when every other major economy in the world already has lower interest rates? Japan, the US, and Europe have effective interest rates of zero (or less!) once you adjust for inflation. The short-hand term for it is ZIRP, or zero interest-rate-policy.

At 3%, the RBA has 300 basis points to go before it too gets to ZIRP. But you only go to ZIRP if you have an economy burdened by debt and unable to grow. That clearly isn't the case...yet...in Australia. The RBA hopes the end of the investment boom in the mining sector will be followed by a boom in the non-mining sector.

Come to think of it, the debt part may be true. Australia's net foreign debt is now $748 billion, according to figures published by the Australian Bureau of Statistics yesterday. Foreigners own a lot more of Australia than Australia owns of them. The ABS figures also show that the trade deficit jumped from $2.1 billion to $4.6 billion in the third quarter. The current account deficit reached a record of $14.5 billion.

http://www.dailyreckoning.com.au/why-yo ... 012/12/05/

Carbon trading link up with EU

On 26 November 2012, the Government passed legislation that implements an interim link between Australia's carbon pricing mechanism (CPM) and the European Union Emissions Trading Scheme (EU ETS) and facilitates linkages to other international carbon trading schemes in the future. In addition, the $15 price floor for Australian carbon units has been removed

http://www.mondaq.com/australia/x/20882 ... +Business.

AGL to drill in Sydney suburbs

NSW Premier Barry O'Farrell has effectively shut people out of the democratic process by fast-tracking AGL's application to mine coal seam gas (CSG) across a wide area of suburban Sydney and transferring the project to new legislation which wipes out any right of appeal, according to Discalced Carmelite Friar, Father Greg Burke OCD, reports the Catholic Archdiocese of Sydney.

"Barry O'Farrell has gone back on everything he promised before last year's election, including his pledge to include people in the planning process. Instead he has cut them out completely," says Fr Burke, spokesman on public issues for the Discalced Carmelite Friars of Mt Carmel Priory and the Mt Carmel Retreat Centre at Varrowville in Sydney's Scenic Hills.

http://www.cathnews.com/article.aspx?aeid=34084

[IQS.RLOW]

That sounds like ripe tosh. No link provided, of course.

Why would there be a link. It's an opinion.
If you disagree with any facts posted, feel free to prove me wrong or shut the fuck up.

You whine like another poster. Interjects, offers nothing then scampers away

[Talking Horse]

Easy pal, wasn’t talking to you.

[Rorschach]

Hard to know whether you are a Stalking Horse or just Talking Horseshit.
My guess is both, you are certainly not Mr Ed.