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#2821 | |||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,061
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Quote:
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#2822 | ||
FF.Com.Au Hardcore
Join Date: Jan 2007
Location: Port Lincoln, SA
Posts: 5,126
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Agreed.
Where I live, like most places, inflated house and land prices are out of reach for many locals, and when i leave my home and go to the gym or cafe for coffee i am now part of the minority. Cant tell me the money isnt getting here some how.
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cheers Shaun Current SY FPV F6X Territory #214 Previous FG MkII G6E Turbo built by Heinrichs Performance and Tuning BFII FPV TORNADO #0021 351rwkw - Heinrich Performance and Tuning "Milk is for babies. When you grow up you have to drink beer" - Arnold Schwarzenegger |
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#2823 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#2825 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,684
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Lots of talk about interest rates rising again, seems the media is prepping everyone like they always do.
Will be interesting to see what happens and where it will stop.
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Proud owner of the ugliest Ford ever made |
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#2826 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,061
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Not going up this year
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#2827 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,045
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#2828 | |||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,684
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Quote:
In a turn of events they've matched the competitors rate which is 1.41% lower than my current rate. Seems I may have just got someone having a really bad day on the original phone call
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Proud owner of the ugliest Ford ever made |
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#2829 | ||
FF.Com.Au Hardcore
Join Date: Jan 2007
Location: Port Lincoln, SA
Posts: 5,126
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Call it human error, poor judgement, bad hair day... until Skynet is in power there will always be such experiences
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cheers Shaun Current SY FPV F6X Territory #214 Previous FG MkII G6E Turbo built by Heinrichs Performance and Tuning BFII FPV TORNADO #0021 351rwkw - Heinrich Performance and Tuning "Milk is for babies. When you grow up you have to drink beer" - Arnold Schwarzenegger |
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#2830 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Quote:
The consensus seems to be one more raise, before it begins to fall. Timing is anyone's guess. Inflation is still high.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#2831 | |||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,847
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Quote:
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#2832 | ||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,537
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Rates may stay the same, but I think we are heading into a recession which is bad for homeowners still struggling, tough times ahead for us with inflation out of control.
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#2833 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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From what I see around me people got fat and this country sucks from the breast of property and has not much else. It needs to crash and the economy and country get its stuff together and start building again. Opinion only.
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#2834 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,045
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When you are stopping for a red light, do you apply enough brake pressure to eventually arrive at standstill at the lights, or do you keep increasing brake pressure because you're still moving, and pull up 20m short?
Sure, we could keep cranking rates while inflation is >3%, but an economy has momentum. Too much, and you risk killing it, and having to drop rates for stimulus. What matters is the trend, and the trend is down and CPI within the target range over the next handful of months. |
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#2835 | |||
Regular Member
Join Date: Jan 2014
Posts: 372
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Quote:
Australia is so stitched up through Free Trade Agreements, International debt and other regional (and some not so regional at all) activities that it no longer has the autonomy that it may have had for a short time in the nineteen seventies and eighties. Mango slices from Thailand, Evaporated milk from Mexico and Baked beans cooked in Italy using beans from USA and Canada. Don’t bother looking to see where our imported sea food comes from. What about the manufacture of durable goods and machinery, forget it ! |
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#2836 | ||
FF.Com.Au Hardcore
Join Date: Jan 2007
Location: Port Lincoln, SA
Posts: 5,126
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__________________
cheers Shaun Current SY FPV F6X Territory #214 Previous FG MkII G6E Turbo built by Heinrichs Performance and Tuning BFII FPV TORNADO #0021 351rwkw - Heinrich Performance and Tuning "Milk is for babies. When you grow up you have to drink beer" - Arnold Schwarzenegger |
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#2837 | ||
Donating Member
![]() Join Date: Mar 2007
Location: Heading thru Hell (Corner)
Posts: 8,181
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Looks like the popular belief is that another rate rise is on the way on Melbourne Cup day.
Unlucky 13?
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Labels are for jars, not for people. Life is a journey, not a destination. ~~~~~~~~~~~~~~ Daily: 2013 FGII EcoLPi in Winter White Play: 2015 FG X XR8 in Emperor Show' N Shine thread Gone, but not forgotten: 2015 SZII petrol Titanium Territory in Emperor |
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#2838 | ||
Regular Member
Join Date: Nov 2020
Location: Maryborough VIC Votes for: Coalition
Posts: 450
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“Our” national broadcaster again proving it’s worth the money we waste to keep it running.
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1996 XH Falcon GLi manual - Dynamic White 1998 EL Falcon Futura auto - Dynamic White 2023 SKODA Octavia RS - Moon White 1997 BMW E36 318i manual - Alpine White |
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#2839 | ||
Donating Member
![]() Join Date: Mar 2007
Location: Heading thru Hell (Corner)
Posts: 8,181
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There we have it: another 0.25% rate increase.
__________________
Labels are for jars, not for people. Life is a journey, not a destination. ~~~~~~~~~~~~~~ Daily: 2013 FGII EcoLPi in Winter White Play: 2015 FG X XR8 in Emperor Show' N Shine thread Gone, but not forgotten: 2015 SZII petrol Titanium Territory in Emperor |
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#2840 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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BOOM. The RBA needs people to start losing their jobs to hit their target. That is the sad reality.
__________________
~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#2841 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,322
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get ready to see some mortgagee sales come up on the market soon
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2842 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,847
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Where’s the referendum on migration levels?
Most of my skin in the game is from a “boomer” POV; better interest on term deposits. That doesn’t stop me from empathising with people genuinely in a bind from solid rate increases on the back of other near-unforeseen events. |
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#2843 | ||
If it ain't broke........
![]() Join Date: Dec 2007
Location: Sunshine Coast Qld
Posts: 18,530
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__________________
Visitors welcome Relatives by appointment only |
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#2844 | ||
Donating Member
![]() Join Date: Mar 2007
Location: Heading thru Hell (Corner)
Posts: 8,181
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I went out for a hit of golf this morning. The golf course is on a road that is used by many Melbournians to get back home from visiting the south side of the Gippsland Lakes and/or the Ninety Mile beach. Given today was the last day of the unofficial long weekend, there was no surprise to see a number of caravans heading home.
What did surprise me was the number of them. It was a constant stream. And the vast majority (I'd say easily nine out of ten) were all dual axle. It makes me think that this country is becoming more and more a land of the haves and have nots. Like you, cb, I feel for those who will be pushed over the edge by this latest increase. More so those who are in this position due to no fault of their own. I have less sympathy for those who over capitalised.
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Labels are for jars, not for people. Life is a journey, not a destination. ~~~~~~~~~~~~~~ Daily: 2013 FGII EcoLPi in Winter White Play: 2015 FG X XR8 in Emperor Show' N Shine thread Gone, but not forgotten: 2015 SZII petrol Titanium Territory in Emperor |
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#2845 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,061
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https://www.fordforums.com.au/showpo...postcount=2842
Quote function not working for Citroenbender post 2842 The irony is that the left want to give the aboriginals more say and power but at the same time will never seek from these people permission to bring more "invaders" to "their country".
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto Last edited by Syndrome; 07-11-2023 at 04:47 PM. |
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#2846 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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Ill be stuffed how new car sales are at record highs?
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#2848 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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New governor and inflation still high. Unbackable odds
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#2849 | ||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,504
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I'm not an economist but how does taking away people's spending money help the economy?
Hospitality must already be stretched pretty thin. So many struggled through covid with many having to close up, and now this. Many other industries doing it tough with people tightening up on spending. Is interest rates really the only way to try to achieve what they want? Genuinely curious although I would guess that it's a very complex answer.
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UA2 TREND 4WD BI TURBO |
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#2850 | |||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,061
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Quote:
(1) Where the economy is overheating due to demand outstripping supply thus causing prices to increase too much and too quickly. (2) Where government spending is causing debt to rise too quickly and too high thus requiring stimulus, bailouts, subsidies etc and eventually the value of the dollar is reduced thus requiring more of the stuff to purchase the same amount of goods. What I believe we have is scenario (2) whereas the RBA and government are treating it as scenario (1). Our company recently announced they are closing the afternoon shift at the end of this month. Even in the depths of the GFC they had enough work to keep two shifts operating.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto Last edited by Syndrome; 07-11-2023 at 09:04 PM. |
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