Skip to main content

Return on Savings to Fall

Banks are to significantly cut the return on money invested. This is not surprising considering the Reserve Bank of Australia (RBA) is cutting interest rates. As the banks follow the RBA down, which they are not obliged to do, they must cut outgoings on term deposits for example.

Considering banks make 60 per cent of their funds from various savings products, it is no wonder cutting what they pay out is on the horizon. If rates fall much lower people will be drawing out their savings and hiding their "loot" under the bed.

Customers are borrowing less because the bar for loans has been pushed too high. Well, perhaps that is a good thing. Australians were condemned for not saving enough; now they are criticized for not borrowing enough.

With an election date already set the government will push for full RBA flow-ons in the popular media. This does not look good for retirees who rely on money put aside in investments for their retirement. Money is getting cheaper in the wholesale market so fewer deposit options will be offered by the banks.
. . . . . . . . . . . . . . . . . . . . .
Economics
TwitThis
Australian Blog★                        
Labels:

Popular posts from this blog

Happy Cow

"Yes, I am content." ✿ Funny Animal Photos contented cow field Adventure Australia Funny Weird Things Articles News Reviews ● ⌘   Vista Computer Solutions Blog   ⌘ ✤ . . . . . . . . . . . . . . . . . . . . . . . .   . . . . . . . . . . cow content happy good life free field paddock green grass milk dairy COW NOT LEAVING HOME
Read more

Anthropology Has New Theory on Australian Aboriginals

New theory on Australian Aboriginals - Anthropology. Australian Aboriginals split from Eurasians and moved south into the dry continent. Twenty thousand years later the world warmed up and Australia was cut off from its northern neighbors. This is the latest theory.  But when Europeans initially came to Queensland there were two types of native people. Each was a distinct genetic pool. One was like Papua New Guineans. The other was very slight and shorter. It is the latter that predominates today. Papua New Guineans Australian Aboriginals Some scientists still hold that there was only one move out of Africa. This is an unsustainable supposition. The doors for movement were always open. Australian Aboriginals were quite unique. It seems that they were the first to leave Africa. There is also the question of Tasmanian Aboriginals who were wiped out by arriving Europeans. There is no evidence of them now. They could not light fires. The flames had to be stolen f
Read more

Beatboxing - Percussion Sounds of the Mouth

There must be a dearth of things to study. Scientists are now researching the odd sounds that people make. It may seem weird but its true. Those who can make odd sounds are called beatboxers. Scientists are interested in percussion sounds. These are expressed in Celtic, Chinese, North American and Indian cultures. Hip-hop is an area of great interest. A young "practitioner" had MRI scans done on his mouth while he created percussion sounds. The conclusion reached is that a lot of brainpower is involved in imitating percussion. It "is a small part of the larger puzzle," experts say. In my view it takes little mental concentration. Just put your tongue behind you top teeth a "tap" away. http://www.adventure--australia.blogspot.com/ http://www.tysaustralia.blogspot.com/ http://adventure--australia.blogspot.com/atom.xml http://www.technorati.com/blogs/ . . . . . . . . . . . . . . . . . . . . Society Vista C
Read more