Digital Rants

Link: http://www.rba.gov.au/MediaReleases/2009/mr-09-25.html

Another 25 basis point rise again. Sure the economy is doing well, but really are we jamming on the brakes too hard too early?

Time will tell, 3.5% is still a very low rate though, but caveat is the banks' rates are much higher. Oh well, to me RBA has lost it's revelance anyway. It's sad that I can't really change banks as the cost are kind of prohibitive (I'm sure this is the same in every country).  Join the club if I'm unhappy with how the banks do their business, if only I have the money to get into it.. Never ending cycle.

It's very hard to think the economy is in trouble when I look at the excesses of the Melbourne cup, the people, the clothes they're wearing.