Read an article yesterday that the RBA is feeling that we are possibly entering uncharted territory. Business confidence is fairly high, unemployment near historic lows, yet residential property prices have dropped with the likelihood of more on the way in 2019.
Not that long ago the RBA was saying that the next interest rate move would be up. Now saying they would prefer to be considering a reduction in official interest. Also mention of the possibility of quantitative easing to increase liquidity. Does that mean almost "free" money for investors who are already leaving the residential market? Where do they get this " free " money??
i just had a thought; crank up the speed of the printing press at the Royal Australian Mint! If the US did it, why not us?
Short Term Trading Weekend Lounge: 7-9 Dec, page-14
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Last
8,699.1 |
Change
-0.900(0.01%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,700.0 | 8,700.0 | 8,649.0 |
| XAO (ASX) Chart |
