Reserve Bank Cuts Interest Rates (Again)


THE Reserve Bank has cut interest rates to 3 per cent, giving homeowners a boost as Australia’s jobs outlook deteriorates. The move takes the official cash rate to the lowest point since 1960. But there’s no guarantee the cut will be passed on to homeowners by the nation’s big banks. Source: News.com.au It’s really quite…

K-Rudd’s $12.7bn Stimulus Package


Kevin Rudd last night announced that the Australian government will once again be handing out money to low-middle income earners to help bolster the economy and weather the storm so to speak, encouraging spending and to help secure 90,000 jobs from being lost. Workers, students and drought-stricken farmers will be showered with $12.7 billion in…

Global Financial Crisis – What Is That?


You hear the words, “Global Financial Crisis” everywhere these days, in newspapers, television and all over the internet. We all know its bad and we all know its about money and for the majority of us we don’t really need to know ever little detail of the current economic problems, but what exactly is this…