Heise Says #rba #interestrates #heisesays
Did the RBA lie about interest rates, and did Philip Lowe just apologise? Is the wealthy managerial elite too far removed from the lives of normal people?
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I was waiting for you to do a video on this when this story appeared.
He never actually made a promise. what is the difference if rates go up now or in 18 months on a 25 year loan. People need to have an emergency fund.
Wow mate, you look like 18 yrs old today
Reserve banks jawbone all the time, msm are full of it, dyor people, very important.
Lowe is a scapegoat for people's personal stupidity. If you had to put a percentage on mortgage borrowers who listened to Lowe's 2024 forward guidance and were thus compelled to take out massive loans is probably something like 5% of all borrowers. Almost no one pays attention to the RBA regardless of what's going on or what's being said. We're a society of ignorant idiots. Phil Lowe is incompetent and should resign but not because he "mislead" borrowers.
Everything is rigged from the top down
Address the elephant in the room, mandates are still in place in a lot of workplaces
Most people are ignorant and distracted,
How is it his fault?
When are the bed wetting state Labor premiers going to be questioned about the $100’s of millions of $$’s worth of unused rats tests and the quarantine centres that were never going to be needed?
The stupid 🐑 just keep making themselves look more pathetic & desperate 👎 🤦♂️.
Go Novak
So apparently he is a liar, but toilet paper was 100% necessary 🙄😷🐑💉
Normal levels of interest rates with now doubled to triple the debt level. Pain heading some people's way by the looks of it.
The shopping centres were packed on the weekend. People are still spending on crap and clutter
Who cares for these imbeciles who didn’t do their due diligence
I piched myself this morning, And what the F, …..I`m still in VICTORIA.!
He didn't apologise, he basically told everyone they should have read the small print after that statement
The R.B.A. Bent us over years ago.!
If they promise should they pay the difference in our loans. Otherwise why promise?
A lot of businesses run on borrowed money, raising interest rates means those businesses will, raise prices to cover the extra costs, so doesn't that add to inflation ?.
Where is his apology to savers who he forced into perjury by driving interest rates to zero?
Add to this the highly inflationary "insurance policy" the RBA took out to get us through the pandemic… 😆 who would have guessed creating an additional 300 billion could create inflation…
The RBA is so smart they only get quarterly lagging inflation data 🤦♂️
The RBA and Lowe have zero credibility now.
Perhaps monetary policy is like forecasting the weather.
Lol …. Feed the kids before I eat!!! Too Funny but real!!
Sorry??
They’re not really sorry!!
Hmmmm, so if a financial planner, your bank manager or your advisor gave your advice to make the largest purchase and debt in your life, what would happen to them?
You missed the most important way to help your self in this coming storm GET OUT OF DEBT!!!!!
I'm sorry but you took my statement wrong, there were caveats…page 56, para 113 of the footnote…..so its not my fault
If you listen to what the RBA says as gospel you need your head read. Only you know your own household finances and how they will impact you and your family. Do your own due diligence.
He should resign!
The true mandate of Central Banks is to engineer boom bust cycles to facilitate wealth transfer events
Transferring wealth from us to “them”
Shelter is a basic human right. Principal place of residence home loans should be at Treasury bill rates.
Anything else Of course should be at commercial rates.
Let’s not forget the RBA gave $200 billion to the banks at a fixed rate of 0.1%.
The banks are simply mortgage managers who are creaming 4 to 5%.
The solution in Canada was to buy properties valued it up to $500,000 for public housing.
It would make more sense to allow potential homeowners to buy their own shelter at low rates.
At least the Taxpayeris not on the hook.
I heard one commentator say “ awesome a crackhead now gets to live in a $500,000 apartment with views”
Australia is really screwed. The unions control companies (via Super), governments (Labor is the political arm of the unions), police (police union), health (government), education (government and teachers union), courts (appointed all the judges), construction (cfmeu), ports (wharfies, tug boats). In the last week Industry Super funds were talking about using member funds to construct domestic housing! This is using other people's money to carry out government policy! Soon, Labor will be in control everywhere except Tasmania! Inflation is going to be terrible!
Where's the hair bro?
And their spokeswoman said we didn't see this inflation spike coming!
Really?.. everyone else with more than 2 functioning brain cells saw it coming!..
Incompetence seems to be the norm these days!
As incompetent as Lowe is where’s the personal responsibility?
If you hocked yourself to the eyeballs thinking that 2 years was going going to make a difference I have no sympathy
Always have to prepare for bad times even when times are good
I’ve watched all my peers flood into housing the last two years like mindless sheep with no money thinking this was there lucky break
Now I’ll sit on the sidelines and have to watch it all unravel
I expect any wage growth potential will be flattened by the minimum 500,000 immigrants due to come in.
Then we always have the FSA (Free Shit Army) operating in the background.
"There is no reason for any individual to have a computer in his home." – Ken Olsen DEC 1977
Mate bring back the beard.
If you have debt then smash it when the times are good, if the times are bad smash the debt. Don't get into debt that you can't pay off and not willing to sacrifice for. A life without debt is the best insurance for a world that can change without notice. Look after your own backyard rather than looking at the RBA to do it for you.
Not a big deal even at 6%, $100 to $200 extra a month, just cut out junk food. These politicians don't lie if you listen, they have been saying they want way more immigration for ages but people act like its big a surprise.
I think its more tongue-in-cheek … He's a banker that is employed by a corporate to say what they want . You are all being bled by the corporations so strap in and enjoy the ride …
Like cov vax prevents transmission.
"And a generation of kids being locked out of the job market" – Fuck yeah, locked out of the Job market AND the housing market, what other markets can we be locked out of?
The media is blowing up his comments again like they did with the 2024 low rates comments and again no one is doing the due diligence of watching the actual video of what he said and just believing what the media is spinning reporting. He said he was sorry that people took action on that segment and didn’t seem to listen to the conditionality of the prediction. The one at fault here is the mainstream media and the property market. He also said for years he has been saying people need real wage increases but now due to the current conditions wage rises could make inflation stay longer. Also that the increase in rents is contributing to inflation and in hindsight too much stimulus was put into the economy during the pandemic. People only want to listen to what they want to hear.
Lowe is representing Australia so he is your friend! The Govt are our own fellas, they truly wish the best for everyone! They wear caps with the Australia flag and cricket shirts at times. They are all working for our lives to be best possible. They are all our close friends which we know, they are not strangers.