Originally Posted by Dekkers
Economic growth and recession is cyclical, once global markets slow we inevitably slow as well, we're (and any Government obviously) absoloutely powerless to stop it. Economists have been predicting recession for several years now, and with hiccups showing up in the U.S housing markets and other areas it just looks like that point in the cycle is on the horizon.
With that in mind, lower interest rates are likely to come anyway, as the reserve will always drop rates as the economy starts to slow. Then Rudd/Howard will probably take credit for low interest rates
I'm in debt up to my eyeballs currently so I am all for recession lol... How much do you know about economics? I am interested in learning to a basic level. I understand some basic concepts from working within banking, but only what I really need to. Would be interested to learn more.