Interest Rates - Where to next?

[Logen Ninefingers]

If our CPI comes in high again on Monday , after the Aussie Employment data today and the US CPI , things could be pretty ugly here next week.

It’s a perfect storm of ‘ugly’ for our ‘property ponzi scheme’ economy. As far as the young are concerned they are off to greener pastures, while those that have buried themselves in debt are going to be left holding the bag of excrement.

[JBmurc]

It’s a perfect storm of ‘ugly’ for our ‘property ponzi scheme’ economy. As far as the young are concerned they are off to greener pastures, while those that have buried themselves in debt are going to be left holding the bag of excrement.

we might well see some FHB just walk away from homes if they owe more to the bank than selling prices in time and do the boost overseas to live...having 90%+ of the bubble price and then be paying 7%+ pa for a property going downwards in value etc >>>