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Culprit 
Joined: 06 Feb 2003
Location: Port Melbourne
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| Post subject: RBA Rate Rise |  |
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| Of all the times this is when it should not happen. Everything has gone up in price, Gas, Electricty & petrol and food and they say we have more money and are specing more. What a joke. The Rate rise will do nothing but put a few hundred thousand out on to the street. |
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sherrife 
Victorian Socialists - people before profit
Joined: 18 Apr 2003
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Twas funny to see the Rudd government pleading with the banks a few weeks ago.
Shows where the power in society really lies.
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I would be ashamed to admit that I had risen from the ranks. When I rise it will be with the ranks... - Eugene Debs |
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Alec. J. Hidell
Joined: 12 May 2007
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I don't think there was ever any doubt that the banks run the world
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The one man in the world, who never believes he is mad, is the madman. |
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Culprit
Joined: 06 Feb 2003
Location: Port Melbourne
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| Deregulating the banking industry was a licence to print money. |
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Alec. J. Hidell
Joined: 12 May 2007
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| Culprit wrote: | | Deregulating the banking industry was a licence to print money. |
........... and to destroy peoples lives
_________________
The one man in the world, who never believes he is mad, is the madman. |
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Culprit
Joined: 06 Feb 2003
Location: Port Melbourne
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| All those with investment properties are set to be screwed as they pay a higher rate. With another 300000 people set to enter the rental market all is gloomy for some. |
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stui magpie 
Prepare for the worst, hope for the best.
Joined: 03 May 2005
Location: In flagrante delicto
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Wonder how many people will just associate new Labor federal government and interest rate rises without actually looking at the fact that they haven't done anything since being elected, let alone anything to cause inflation.
_________________
Every dead body on Mt Everest was once a highly motivated person, so maybe just calm the **** down. |
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pica
Joined: 09 Aug 2004
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| Culprit wrote: | | All those with investment properties are set to be screwed as they pay a higher rate. With another 300000 people set to enter the rental market all is gloomy for some. |
But surely many of the 300000 entering the rental market will be renting the properties owned by those investors who, in turn, will probably be able to charge higher rents due to the increased demand.
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GO PIES |
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member34258
Joined: 05 Nov 2006
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| stui magpie wrote: | | Wonder how many people will just associate new Labor federal government and interest rate rises without actually looking at the fact that they haven't done anything since being elected, let alone anything to cause inflation. |
http://www.abc.net.au/news/stories/2008/02/05/2155203.htm?section=business
| Quote: | | But Opposition treasury spokesperson Malcolm Turnbull says its time that Prime Minister Kevin Rudd and Mr Swan moved on from putting the responsibility on the former Coalition government. |
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stui magpie
Prepare for the worst, hope for the best.
Joined: 03 May 2005
Location: In flagrante delicto
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Fair enough Member, I was obviously wrong. It's all Krudds fault. 
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Every dead body on Mt Everest was once a highly motivated person, so maybe just calm the **** down. |
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Dr Pie
Dr Pie
Joined: 08 Nov 2007
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Amazing isn't it? Howard and Costello banged on about "Beazley's black hole" for the first two terms of the Howard Government but Rudd is supposed to be responsible for inflation after two months in Government!
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Born and raised in Black and White |
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Culprit
Joined: 06 Feb 2003
Location: Port Melbourne
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Turnbull has no where to go and looked a goose on the 7.30 report.
Pica, if the people have no money now and they lose thier houses the chances are high they will be servicing their debts and will still have no money for medium priced rent where many have investment properties. Low income housing is in it's largest shortage in 30 years so they will have no where to go. |
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member34258
Joined: 05 Nov 2006
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| Housing approvals down 16% BEFORE this rate rise. |
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sherrife
Victorian Socialists - people before profit
Joined: 18 Apr 2003
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Can anyone else hear the capitalist train derailing? (again)
I wonder how many lives and jobs it will cost to the system back on track this time.
_________________
I would be ashamed to admit that I had risen from the ranks. When I rise it will be with the ranks... - Eugene Debs |
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Culprit
Joined: 06 Feb 2003
Location: Port Melbourne
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| You have to love the Commonwealth Bank, rates go up .25 so they put theirs up.30% |
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