Australian Politics Forum - Record low interest rates

adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Record low interest rates Jun 1^st, 2012 at 4:35pm Westpac is predicting record low interest rates by the end of the year so by neocon standards that should mean Australia's economy is the best its ever been or could the Libs get rates even lower as they have claimed before the last two elections.
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Maqqa Gold Member Offline 14% - that low?! Posts: 16000	Re: Record low interest rates Reply #1 - Jun 1^st, 2012 at 4:37pm do you understand how interest rates play a role in macro-economic policies? NO!!!!
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progressiveslol

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Re: Record low interest rates
Reply #2 - Jun 1^st, 2012 at 4:37pm

adelcrow wrote on Jun 1^st, 2012 at 4:35pm:

Westpac is predicting record low interest rates by the end of the year so by neocon standards that should mean Australia's economy is the best its ever been or could the Libs get rates even lower as they have claimed before the last two elections.

No it means many different things. If it were that easy, the Americans would be laughing.

Maybe liberals should have said, if you were closest to being financially responsible, then the interest rates would be lower under a coalition government.

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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Record low interest rates Reply #3 - Jun 1^st, 2012 at 4:48pm Maqqa wrote on Jun 1^st, 2012 at 4:37pm: do you understand how interest rates play a role in macro-economic policies? NO!!!! So now you're finally agreeing with me that low interest rates mean a floundering economy? Thats very different from what you have said before the last three elections
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Sir Spot of Borg Gold Member Online WE ARE BORG Posts: 26589 Australia	Re: Record low interest rates Reply #4 - Jun 1^st, 2012 at 4:51pm Personally I prefer the interest rates a lil higher, My mortgage isnt the problem the interest in the bank is, ' SOB
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Doctor Jolly Gold Member Offline Australian Politics Posts: 3808	Re: Record low interest rates Reply #5 - Jun 1^st, 2012 at 4:52pm Maqqa wrote on Jun 1^st, 2012 at 4:37pm: do you understand how interest rates play a role in macro-economic policies? NO!!!! To the abbott sheep.... Low interest rates mean poor management by gov. High interest rates mean poor management by gov. Cant win. I personally favour high inflation, high interest rates.
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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Record low interest rates Reply #6 - Jun 1^st, 2012 at 4:57pm If the Libs tell me they can drive interest rates up I will vote for them...bet ya they wont coz it will show up the lies they have been telling for the last decade.
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progressiveslol

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Re: Record low interest rates
Reply #7 - Jun 1^st, 2012 at 5:03pm

Doctor Jolly wrote on Jun 1^st, 2012 at 4:52pm:

Maqqa wrote on Jun 1^st, 2012 at 4:37pm:

do you understand how interest rates play a role in macro-economic policies?

NO!!!!

To the abbott sheep....

Low interest rates mean poor management by gov.

High interest rates mean poor management by gov.

Cant win.

I personally favour high inflation, high interest rates.

Simpleton

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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Record low interest rates Reply #8 - Jun 1^st, 2012 at 5:07pm "Interest rates will always be lower under a Coalition Government" Sound familiar?
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longweekend58

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Re: Record low interest rates
Reply #9 - Jun 1^st, 2012 at 5:29pm

The simpletons think that interest rates are an INDICATOR. They are rather a LEVER of economic policy. High interest rates can be sign of a good or bad economy depending on how the rest of the economy. Otherwise the USA 0% rates would indicate an economy that is booming while our 2007 high rates would suggest that we were in dire straits except it was the reverse. Low interest rates normally are indicative of low inflation which is either the result of a recessionary or stagnant economy OR one wheere growth is consistent and in the right band.

try again adelcrow... obviously the groundwater seeped into your brainpan on your last trip up north.

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Doctor Jolly

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Re: Record low interest rates
Reply #10 - Jun 1^st, 2012 at 5:32pm

adelcrow wrote on Jun 1^st, 2012 at 5:07pm:

"Interest rates will always be lower under a Coalition Government"

Sound familiar?

Actually interest rates would be lower under a coalition because they would have driven us into recession with their lack of economic stimulus after 2008. We'd be in the same boat as the US.

So it is a true statement. Of course, now they are saying low interest rates are a bad thing. You cant win.

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angeleyes Gold Member Offline Australian Politics Posts: 615	Re: Record low interest rates Reply #11 - Jun 1^st, 2012 at 5:35pm try again adelcrow... obviously the groundwater seeped into your brainpan on your last trip up north. Would only have to have been bum deep.
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nairbe Gold Member Offline Australian Politics Posts: 2587 Rural NSW Gender:	Re: Record low interest rates Reply #12 - Jun 1^st, 2012 at 5:38pm Maqqa wrote on Jun 1^st, 2012 at 4:37pm: do you understand how interest rates play a role in macro-economic policies? NO!!!! Well you clearly don't
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nairbe

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Re: Record low interest rates
Reply #13 - Jun 1^st, 2012 at 5:43pm

longweekend58 wrote on Jun 1^st, 2012 at 5:29pm:

The simpletons think that interest rates are an INDICATOR.

Now that has been my point for a long time now. The simpletons that bought the crap from the libs for years about interest rates are now confused as to what the hell it actually all ment.

I, as apposed to most disagree with the idea that interest rates will stay down. With the collapse of the european situation and the Chinese slowing we will see an easing of commodities prices and a weakening in the underlying economic position of the country. Our wage and price inflation will begin to become an issue and will require interest rates to be raised to combate the inflation genie. Get ready for the roller coaster folks, particularly when Abbott and Hockey get the keys, it will be out of control.

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"Faced with what is right, to leave it undone shows a lack of courage."
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progressiveslol

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Re: Record low interest rates
Reply #14 - Jun 1^st, 2012 at 5:45pm

Doctor Jolly wrote on Jun 1^st, 2012 at 5:32pm:

adelcrow wrote on Jun 1^st, 2012 at 5:07pm:

"Interest rates will always be lower under a Coalition Government"

Sound familiar?

Actually interest rates would be lower under a coalition because they would have driven us into recession with their lack of economic stimulus after 2008. We'd be in the same boat as the US.

So it is a true statement. Of course, now they are saying low interest rates are a bad thing. You cant win.

Empirical evidence says liberal got us out of debt, into surplus and financially responsible. Empirical evidence tells us labor cant get us into surplus, puts us into debt and this labor government has put us into debt never seen before. They have a chance for a surplus but never will. They will leave us in debt so huge, my kids will be paying for it. Come GFC2, my kids kids will be paying for this labor government.

Come on election, so we can get a liberal financially responsible government when we nee it. That's all the time considering labor and its empirical evidence.

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