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I do agree that it has been coming for years but here in Oz we propped up the economy by borrowing money to give away, beyond stupid IMO

We have a generation of people who have never experienced a slow down, I have a builder friend who has been self employed for 12 years and has never seen an interest rate increase or the effects it Will have on his business.

But the thing that Really pisses me off is that people were told by the Expert there would be no interest rate rise until 2024.

Beyond incompetence, just a stupid thing to say, if he is any good he Must know that anything can happen but the general populous read in the media "no interest rate increase until 2024" and they believe it.

Poor suckers

<blockquote data-quote="macca" data-source="post: 1203512" data-attributes="member: 2371">I do agree that it has been coming for years but here in Oz we propped up the economy by borrowing money to give away, beyond stupid IMOWe have a generation of people who have never experienced a slow down, I have a builder friend who has been self employed for 12 years and has never seen an interest rate increase or the effects it Will have on his business.But the thing that Really pisses me off is that people were told by the Expert there would be no interest rate rise until 2024.Beyond incompetence, just a stupid thing to say, if he is any good he Must know that anything can happen but the general populous read in the media &quot;no interest rate increase until 2024&quot; and they believe it.Poor suckers <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite21" alt=":banghead:" title="Bang Head&nbsp; &nbsp; :banghead:" loading="lazy" data-shortname=":banghead:" /></blockquote>

[QUOTE="macca, post: 1203512, member: 2371"] I do agree that it has been coming for years but here in Oz we propped up the economy by borrowing money to give away, beyond stupid IMO We have a generation of people who have never experienced a slow down, I have a builder friend who has been self employed for 12 years and has never seen an interest rate increase or the effects it Will have on his business. But the thing that Really pisses me off is that people were told by the Expert there would be no interest rate rise until 2024. Beyond incompetence, just a stupid thing to say, if he is any good he Must know that anything can happen but the general populous read in the media "no interest rate increase until 2024" and they believe it. Poor suckers :banghead: [/QUOTE]

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