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Daily Discussion Thread: Tue 07 Nov 2023
(aussie.zone)
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this post was submitted on 06 Nov 2023
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You can kiss my ass RBA
Did they raise the rates again?
I hope not as it could cause a recession this time around.
RBA increased the cash rate by 25 basis points to 4.35% – the highest it’s been in 12 years.
No holiday for us again this year. Missed out for a few years due to Covid, now it’s interest rates. Need a break ffs. My bad for buying a house at the wrong time and not having time to fix rates
Assuming you had a reasonable amount of money, where would you go?
I’d love to do a train trip around Japan - the coast, the mountains etc.
Oooh yes sounds good but sadly not at all cheap. I guess you'll have to do it on YouTube.
ee up we go.
We are still a few basis points below long term average :) and that sucks but at the time it's mean reversion.
I'm not fun at parties.
The significant change though is the level of debt. So it only takes very small changes in interest rates to make big impacts.