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Interest rates.

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Coolx2
in General Discussion

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Some guy was in charge of the reserve bank. He stated that interest rates would be going up because people are spending more. The Govt gave people a tax cut plus a pay rise. On this logic people have more money and can spend more. If interest rates go up, people have to spend more anyway. Strange. After interest rates have come down they are gong back up again this the female head of the reserve bank blames it on low unemployment figures. In 75 there were plenty of full jobs , in there is a lots more casual and part time jobs. Both 75 and now the jobless figures are approx. the same. According to Centrelink if you do ! hour work per fortnignt you are emplyed.

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