GolfHos

General => The Cantina => Topic started by: twoiron on October 07, 2008, 01:24:08 PM



Title: that's impressive...
Post by: twoiron on October 07, 2008, 01:24:08 PM
Yesterday the Reserve Bank here cut the official cash rate by 1% from 7% to 6%   :o


Title: Re: that's impressive...
Post by: Spanky on October 07, 2008, 02:10:31 PM
US didn't do that and the market dropped another 500 today.

I'm gonna start picking me some apples and sell them on the street corner soon.



Title: Re: that's impressive...
Post by: twoiron on October 07, 2008, 02:24:27 PM
Just doing some further reading.  Seems many other countries are looking to do the same thing and cut cash rates