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Australia Central Bank
Cuts Rate to Record Low

Reuters, by Staff

Original Article

Posted By:LittleHoodedMonk, 12/4/2012 12:20:21 AM

Australia´s central bank cut interest rates a quarter point to a record-matching low on Tuesday, stepping up efforts to safeguard the rich world´s most resilient economy from the risk of recession as a mining boom peaks. The Reserve Bank of Australia (RBA) cut its main cash rate to 3 percent following its monthly policy meeting, bringing the easing since May to 125 basis points and matching the trough hit during the darkest days of the global financial crisis. "While the full effects of earlier measures are yet to be observed, the Board judged at today´s meeting

Comments:
Hopefully, good news and works for our friends down-under. [I don´t understand economics].

      


Post Reply  

Reply 1 - Posted by: veritas, 12/4/2012 2:35:42 AM     (No. 9047219)

Wait, wait, wait. This is Australia, right? Where they snack on W&Ws, not M&Ms?

So, if they lower interest rates in Australia, does that mean they´re really higher? Or what?

OP: The only difference between you and "the pros" is that you know you don´t know anything about economics.

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Posted By: LittleHoodedMonk- 1/1/2014 2:25:04 AM     Post Reply
"Duck Dynasty" star Phil Robertson is ruffling feathers again; this time for comments he made years ago about how girls should marry when they´re still teenagers. "They got to where they´re getting hard to find, mainly because these boys are waiting ´til they get to be about 20 years old before they marry ´em," Robertson says in a video clip that resurfaced Monday. "Look, you wait ´til they get to be 20 years old, the only picking that´s going to take place is your pocket. You got to marry these girls when they are about 15 or 16. They'll pick your ducks." In the video, Robertson is recounting an anecdote at a speaking engagement.

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Posted By: LittleHoodedMonk- 1/1/2014 2:01:16 AM     Post Reply
Do we care what Al Qaeda is? And do we care who gets guns from the American government? One can’t avoid those questions when reading the responses to David Kirkpatrick’s excellent piece in the Times on the attack on an American diplomatic installation in Benghazi on September 11, 2012. Four Americans died there. Kirkpatrick managed to use shades of gray in his rendition of what happened, which is rare: (Snip) In other words, it was the people the Obama Administration judged to be our allies who turned on us—rather than just, predictably, Al Qaeda. Some belonged to groups led by basketball-playing “moderates.”

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Reuters, by Staff    Original Article
Posted By: LittleHoodedMonk- 1/1/2014 1:46:43 AM     Post Reply
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Posted By: LittleHoodedMonk- 1/1/2014 1:37:35 AM     Post Reply
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Posted By: LittleHoodedMonk- 1/1/2014 12:47:57 AM     Post Reply
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Posted By: LittleHoodedMonk- 12/28/2013 2:38:51 PM     Post Reply
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Posted By: LittleHoodedMonk- 12/28/2013 9:40:20 AM     Post Reply
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Posted By: LittleHoodedMonk- 12/28/2013 9:18:57 AM     Post Reply
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B-G1


 
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