interesting to read the thoughts on where interest rates might be headed… but, when you look at the 10 year fixed rate on offer at the moment with some banks, it would suggest a different course for rates… have a read.
http://www.theage.com.au/articles/2004/08/05/1091557992674.html?oneclick=true
hi Richmond,
It is rather a gloomy prediction, especially the last paragraph.
I have to agree with you about the banks fixed interest rates though. I’ve been keeping a eye on fixed long term rates and they are very low.
Well, we will just have to wait and see, won’t we?
Cheers,
Sue [biggrin]“Be careful not to step on the flowers when you’re reaching for the stars”
Hi,
I assume this is the article on BIS Shrapnel’s forecasts. I have read a number of BIS Shrapnel reports on a range of topics, and am very sceptical of anything they have to say. My opinion is that they are more likely to sell their research and forecasts if they are alarmist, while the banks are setting their fixed rates on purely economic grounds.
Regards
Alistair Perry
http://www.town-planning.com.au
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