4 May 2010

AN OPEN LETTER TO THE RESERVE BANK

Get a new trick you spastics. Putting up the interest rates every five minutes is getting old. How about figuring out a way of slugging the 65% of the population who don't have a mortgage.
Earn your probably exorbitant salary for once, instead of taking the easy way out.

4 comments:

Elkster said...

I must say this is the first time I have felt ok in the last 12 months about not having a mortgage. But then again I'm paying somebody elses mortgage these days!

Why do we "65%" need to be slugged Bowie?

waxy said...

Economics Elks - Something to do with reducing spending/reducing inflation. I'm certainly no expert.

Seco said...

Fix your rate Bowie!

Seco said...

Usually rents increase as a result of interest rate rises so everyone ends up paying Bowie. Maybe not straight away but definately come end of lease time.

Also, one would surely have to be an idiot to think that record low interest rates would suddenly become the norm. They've historically hovered around the 8-10% mark as a rule, gone way above sometimes and are well below at the moment. Whatever anyone does now, don't borrow as much as you can afford to pay without being able to pay some more. House prices aren't sky rocketing like 10years ago and interest rates will continue to go up.

We haven't even began to see the pain of what our Dear Leader will bring upon us for having spent all our money and billions and billions more on effectively nothing. The good times are over!