Archive for August, 2008
SUBPRIME???
Disclaimer: As always AND before I go on , I’m not offering financial advice; you should always get qualified professional advice when making financial decisions. What I am doing is letting you know what has worked for me and giving you the opportunity to check it out for yourself. This mesage is intended to provide general […]
07/08/08 - Rich savers get the benefits
The tax system provides no incentive for low income earners to save money according to the Henry tax review. 1.2 million low income people who are making superannuation contributions receive no tax benefit at all, because the lowest income tax bracket is now 15 per cent, the same as the tax on contributions.
A further […]
07/08/08 - Banks can lower interest rates
Interest rates could fall by more than the quarter of a per cent the Reserve bank usually moves rates by.
The 90 bank bill swap rate has fallen 40 basis points to 7.35 per cent in the past three days.
06/08/08 - RBA signals end to high interest rates
The Reserve Bank has sent a clear signal that it will lower rates in September.
The statement by RBA governor Glenn Stevens, released yesterday, says the scope for the bank to move to a less restrictive monetary policy in the period ahead is increasing.