How are interest rates helping the Australian economy?

[shagster1970]

Of course Johno would say that. Thats where he makes all his money. On the other hand - we have all these docile people pouring all this money into their worthless run down house instead of spending it back into the economy. Then realising their house isnt worth anything because when they sell it - they have to buy another house that is of equal value. It isnt an investment if you have to use it yourself!

[MRMILO57]

Yippy, interest rates are finally going up in Australia.

It's about fucking time!

l get more interest on me savings, that's diddly ding dong dang.

[davfritz]

Won't the shit hit the fan here if rates go up to say... 10 percent concidering the levels of household debt and loss of surplus income such as overtime rates?

[steigerpower]

Lose liquidity breeds stupidity!

Small wonder to why much of our Nations Infrastructure will be owned by the Chinese and other's whom our State Government's have begun to borrow from to fund this poniz deal.

[9elephant]

good to hear from John