Why Australia's cut in interest rates is a mistake

[PimpernellP]

Aussie property has been the sacred cow for too long. Property produces nothing.

[PimpernellP]

Savers are penalized while spenders are pandered to. Sydney property is way to expensive and needs to drop 30-35%

[QuinceM1]

Here in Canada I think interest rates are way too low. We have accumulated debt since 2008 while Americans have started to save since we never saw the same recession problems they did. There has been no wake-up call for Canadians yet and I think that will be bad long term

[famileri]

I agree with everything you say.. This will only encourage people to spend more and drive up inflation. When we hit a recession we will be affected harder and for longer.