Post to Facebook on 11/3/2019 at 6:27 PM
Commenting on “RBA research shows rate cuts inflated the property market”
https://www.theage.com.au/business/the-economy/want-a-credit-squeeze-with-that-fall-in-house-prices-20190103-p50pg2.html
Posted to The Facebook (11/3/2019) on 11/3/2019 at 6:27 PM
Commenting on "RBA research shows rate cuts inflated the property market"
https://www.theage.com.au/politics/federal/rba-research-shows-rate-cuts-inflated-the-property-market-20190311-p513ak.html
I am right all along that rate cuts by RBA and keeping it at the same low rate of 1.5% for 27 months actually caused the property prices to rise, even without the injection of overseas investment.
Today's news confirms that "Reserve Bank research has found its cuts in official interest rates drove up house prices,..."
I neither have a PhD degree, nor own a crystal ball that helps me to foretell the future of the real estate market, but my observation, logic, and zero-base assumption give me the edge over the so called experts.
I did stick with my "prediction", and my numerous comments regarding the wrong moves by RBA have not been published by The Age. I am glad that I have not disappointed by readers and followers of my various FB groups, page and website, because they bear witness of my writing.
For the past many years, I accurately worked out the rise and fall of the market, and blogged in black-and-white.
I did study economy, and taught the subject in TAFE. No doubt many complex mathematics formulae look daunting and impressive for most people. In reality, there are a lot more intangible factors that cannot be expressed in symbols and used in calculations. I believe the model is as complex as in weather forecasting. or could be more so, because human behaviour is more unpredictable than physics.
There are a number of points in the article that I do not agree on. One that stands out like a sore thumb is about interest rate rise. The consumer confidence MUST BE restored if the economy is to move upwards. According to the research, it suggested any future interest rate rises would be very difficult unless the economy was in a particularly strong position. Why? Please explain.
Have the economists and politicians been spreading fake news about the strong economy in Australia for the past few years?
I shall leave my other thoughts in future blogs.
Thank you for reading.
Commenting on “RBA research shows rate cuts inflated the property market”
https://www.theage.com.au/business/the-economy/want-a-credit-squeeze-with-that-fall-in-house-prices-20190103-p50pg2.html
Posted to The Facebook (11/3/2019) on 11/3/2019 at 6:27 PM
Commenting on "RBA research shows rate cuts inflated the property market"
https://www.theage.com.au/politics/federal/rba-research-shows-rate-cuts-inflated-the-property-market-20190311-p513ak.html
I am right all along that rate cuts by RBA and keeping it at the same low rate of 1.5% for 27 months actually caused the property prices to rise, even without the injection of overseas investment.
Today's news confirms that "Reserve Bank research has found its cuts in official interest rates drove up house prices,..."
I neither have a PhD degree, nor own a crystal ball that helps me to foretell the future of the real estate market, but my observation, logic, and zero-base assumption give me the edge over the so called experts.
I did stick with my "prediction", and my numerous comments regarding the wrong moves by RBA have not been published by The Age. I am glad that I have not disappointed by readers and followers of my various FB groups, page and website, because they bear witness of my writing.
For the past many years, I accurately worked out the rise and fall of the market, and blogged in black-and-white.
I did study economy, and taught the subject in TAFE. No doubt many complex mathematics formulae look daunting and impressive for most people. In reality, there are a lot more intangible factors that cannot be expressed in symbols and used in calculations. I believe the model is as complex as in weather forecasting. or could be more so, because human behaviour is more unpredictable than physics.
There are a number of points in the article that I do not agree on. One that stands out like a sore thumb is about interest rate rise. The consumer confidence MUST BE restored if the economy is to move upwards. According to the research, it suggested any future interest rate rises would be very difficult unless the economy was in a particularly strong position. Why? Please explain.
Have the economists and politicians been spreading fake news about the strong economy in Australia for the past few years?
I shall leave my other thoughts in future blogs.
Thank you for reading.
