THREE people thrown overboard from a small fishing boat owe their lives to an an off-duty lifesaver who came to the rescue after spotting them struggling in heavy Victorian surf
Actually Shelley, if Harvey norman were to set up bank loans like their consumable products, it would be remarkably similar to the sub-prime mortgages that have caused so much pain thus far. Low to no interest rates for a few years then jack it up to a huge amount. Have you read the fine print on your agreement with Harvey Norman? Probably you will have to pay very high interest after your 0% interest term. You really sound like a battler, what with that brand new plasma on your wall!!
Posted by: Matt 3:53pm today
If the previous Coalition Government had done their homework properly, the number of increases and percentages of increases would definitely have been fewer and lower.As i have previously said, and i will repeat it again, Mr Howard and Mr Costello ignored more than 20 urgent messages and advices from the RBA over the past 2 or 3 years, and by doing so - well, what we have got now is the result.By the time the Labor Government were elected into power last November 2007, it was far too late to stop the tidal wave of inflation which had gathering momentum for over 2 years.At the moment the RBA and the Labor Federal Govt are simply just mopping up, because the damage has already happened.What happens from here on is anybody's guess.
Posted by: bob 3:51pm today
In response to Shelley of St Marys (comment 76)It is people like you that are the reason interest rates have gone up in the first place.If you cannot afford the new plasma or latest gadget, you just get it on some form of credit.Interest rates went up to stop consumer spending.If everyone had the same attitude as you, interest rates would continue to rise.I'm sure if interest rates continue to rose, you would be the first one to complain about how you cannot afford it, etc.
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