Peach and Shag: What does it mean

Tuesday, October 7, 2008

What does it mean

when the 'Reserve Bank' cuts interest rates by one percent? Should I be excited/ scared?

3 comments:

Peach said...: I only slightly know. But not really.

It's all voodoo economics to me.

I just know to oppose all 'vox pops' I see. There was one that was like, "those rich banks should pass all the cuts on us, the customers."

The banks should NOT do that.

If you don't have a home loan, or have very little invested on the share market, it means very little.

Voodoo economics.; October 7, 2008 at 3:13 PM
Shag said...: I'm pretty sure that's exactly what Sarah Palin said once, to rapturous applause. God, I love having the opinions I'm supposed to have.; October 7, 2008 at 3:22 PM
Peach said...: I know the Reserve Bank can't tell banks what to do but it's like, "would you be getting these cuts if you were supposed to be passing them all on? No."

P.S. I don't find Sarah Palin un-hot (someone explain what the expression 'hate fuck' meant and I was like, "oooohh, it means ploughing Sarah Palin).; October 7, 2008 at 3:35 PM

Subscribe to: Post Comments (Atom)