Let’s make one thing very clear, the Reserve Bank wants us all, individuals and businesses of shapes and sizes to feel very, very scared. So scared in fact that we cut back on spending, investing, buying homes and retreat and keep our wallets closed, cheque accounts quiet, and suffer, writes
Consumer sentiment index
Consumers aren’t as gloomy as the RBA would like
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
US Fed will cut rates as housing slide continues
The US Federal Reserve will cut interest rates tomorrow after getting a couple of reminders of the damage the housing slump is doing to the broader economy, reports Glenn Dyer.
