With long-term mortgage rates dropping again, I’m musing (on a Friday night!) on who might be the better financial oracle – Pikelet the pig or one of our renowned bank economists
The next Reserve Bank OCR announcement is on 29th July so I thought I’d line up a few graphs and talk about what might happen. We are sure living in interesting times!
The property market is finely balanced. There is an element of “the emperor has no clothes” as we all wake up to the reality of the credit crisis and the reality that it isn’t over yet
The Reserve Bank is going to have to keep mortgage rates low to prevent a collapse in consumption and the flow on impact on the economy. In my opinion we are in for a sustained period of low interest rates