Skip to main content

Bankers get with the chrissy spirit !!

The small credit unions( BANK OF QUEENSLAND &  MEMBERS EQUITY BANK ) jump started the  Christmas spirit  with passing on the full rate cut   and t he big four  followed suit  to brighten up everybody's Christmas.

In spite of the sorry looking  state of affairs in Europe and the US ,  our banks  have weathered this financial crisis much better than some other countries  and have given the aussies some respite this Christmas by passing the full rate cut   to  mortgage holders. This will come a s a big relief to many  home owners who  have been  faced with mortgage stress.

Among the “big four banks” ANZ was the first of the big four to announce it was passing on the official quarter of a percentage point interest rate cut

Banks that passed the official quarter of a percentage point interest rate cut







While the economy  is booming  and the royalties from our mines which are flowing into the  government coffers, there has been a rise in insolvencies with small businesses  due to the one speed economy  resulting in loss of jobs and mortgage stress.

Australians will get a breather  with the rate cut  and many will  be opening their purse strings  bit  to splurge on some  Christmas shopping also resulting in some  cheer for the aussie retailers , who have  been experiencing a gloom rather than the boom the mining sector is enjoying.


  1. The above thought is smart and doesn’t require any further addition. It’s perfect thought from my side.

  2. Cheerio to this news indeed. We all could need better news especially with the European crisis just around the bend.

  3. All the contents you mentioned in post is too good and can be very useful. I will keep it in mind, thanks for sharing the information. Keep updating, looking forward for more posts.
    Stock Tips


Post a Comment

Popular posts from this blog

List of Australian blue chip stocks

Australian shares gained 0.6 percent on Wednesday led by blue chip miners and financials on strong resource price

The biggest Blur chip stocks traded on the ASX, in terms of their market capitalisation, include:
BHP BillitonCommonwealth Bank of AustraliaTelstra CorporationRio TintoNational Australia BankAustralia and New Zealand Banking GroupRio tintoWestpac
The only stock to do worse than the S&P/ASX 200 is Harvey Norman Holdings Ltd [ASX: HVN]. Even so, it’s a better-than-the-bank 8.3% gain. The others have done much better: Qantas [ASX: QAN] up 36.1%; JB Hi-Fi [ASX: JBH] up 20.5%; Toll Holdings [ASX: TOL] up 25.3%; and Myer Holdings [ASX: MYR] up 37.1%. The benchmark S&P/ASX 200 index rose 27.1 points to trade at 4,977.3 by 2310 GMT. It fell 0.8 percent on Tuesday, its lowest close since February 7.

Best Australian stock forums online ( finance forums)

Many traders and investors use forums to share ideas, learn from the more experienced, or simply to stave off boredom during long hours at the computer. Here we list the known universe of forums, complete with costs, member numbers, extra benefits and popular forum topics. Please post a message on Your 2 Cents if your favourite forum isn't listed here, or if you feel that there's more to add about the day-to-day goings on in your online community.Forum
Stock comps
Forum areas
AussieStockForums.comFreeASX by share code, General, Beginners, Derivatives, Commodities, International, Strategies/SystemsEasy to use, independent forum. Aussie Stock Forums has a group of very active and knowledgeable traders. Private messaging available. Australian forum.
Chimes in ExileFreeASX stocks, fundamental analysis, technical analysis, commodities, economics, investment tools The forum has a small group of regular contributors that form a genuine community of investor…

The diggers and dealers forum meet 2011

The diggers and dealers forum has just begun August 1. Its a three day annual event happening every year  at the WA country town of kalgoorlie.2011 Diggers & Dealers forumBig name brokers  keenly watching the event will be MacquarieDeutsche BankBell PotterGoldman SachsRBS MorgansEvans & PartnersHartleysBlack Swan Euroz.Well most other websites will give you the  finer details of the annual meet and greet that happens at kalgoorlie , so we will just stick with the bare minimum of details  and focus on the more enjoyable bits  of information that the dealers require to strike a good deal while in town.Bare detailsWebsite : Diggers & DealersEvents : Program and scheduleWatering holes and entertainment at Diggers and dealers forumPubs , clubs  and skimpy (barmaids) culture in kalgoorlie . There are about 25 pubs in Kalgoorlie-Boulder area and for a city that stretches just 67sq km the number of pubs makes for  a good choice on drinking holesand entertainmentExchange Hotel ( Pa…