`Cocaine` drink headed for a shop near you

`Cocaine` drink headed for a shop near you

28.09.2008
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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.

Posted by: Brett of SA 3:48pm today
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INTEREST rates have risen far enough to bring inflation back below the Reserve Bank`s target, RBA governor Glenn Stevens says.

Mr Stevens said he could not foreshadow when the Reserve Bank board would start looking at interest rate cuts, but told the House of Representatives economics committee that it could start happening before inflation is back in the middle of the band.

“I can’t tell you at what point rates will start to come down. I can’t even promise that they won’t rise again, but I think for the moment, they are the right number.”

Mr Stevens said the bank would be lowering its forecasts for inflation and growth in its May economic update, because of the effect of the latest interest rate increase.

The bank forecast in February that by the end of this year, economic growth would be 3.25 per cent while inflation would still be 3.5 per cent.

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Font size: +-

Send this article:PrintEmail

Have Your Say

Latest Comments:

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.

Posted by: Brett of SA 3:48pm today
Read all 97 comments

We welcome your comments on this story. Comments are submitted for possible publication on the condition that they may be edited. Please provide your full name. We also require a working email address - not for publication, but for verification. The location field is optional.Read our publication guidelines.

Submit your feedback here:

(So you don`t have to retype your details each timeyou send feedback.)

Video

Advertisement

Love & Relationships - Find a date near you on Match.com - # 1 Online Dating site Worldwide.
 
What`s On in Wellington. Visit WellingtonNZ.com
 
Overflowing with benefits Experience life the Platinum Way With American Express Platinum.
 
Virgin Mobile Cheap calls & text across Australia.
 
TIC TAC Taste of Music WIN the ultimate music experience 12 double passes to 12 concerts.
 
Get a higher return Earn a high 7.88% p.a.^ on a 3 month Term Deposit with HSBCPremier.
 
Want to be instantly better off? Find the best Health Insurance online now.
 
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Interest rates have risen far enough - RBA   04/04/2008
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