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The Forum > Article Comments > Unlocking credit markets > Comments

Unlocking credit markets : Comments

By Henry Thornton, published 7/10/2008

The Reserve Bank will cut cash rates today - probably by 50 basis points, but a larger or smaller cut cannot be ruled out.

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Well it looks like panic at the highest levels Henry.Both Wayne and Kevin do not inspire confidence.We need a leader who can actually do it.

A good start would be to compare the total value of Australia,people land and resources to our total debt.If we had a leader who could actually put things in perspective,instead of these non-commital,vacuous reponses,people would feel confident enough to spend again.If we all dramatically reduce our spending,then the job losses will accelerate.
Posted by Arjay, Tuesday, 7 October 2008 8:20:47 PM
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