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Originally Posted by zilo
What's this average lifetime rate?
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It's the average rate paid over the life of the loan. People always trot out 17.5% like that's what they paid for the life of the loan. It's laughable.
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When is the recession coming...actual date please?
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https://www.news.com.au/finance/econ...b5974651e2a5cb
the Australian economy shrunk by 0.3 per cent over the first three months of the year according to today’s national accounts...
The definition of a recession is two consecutive quarters of the negative growth, a requirement that is certain to be met in the June quarter which will include the economy wide shutdowns ordered to save lives and protect the community from COVID-19.
Is 3 and a bit weeks near enough for you?
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The rates are going up?....when?
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The cash rate is 0.25%, the next move will be to zero, after that, the only way is up.
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My post was based on actual data not crystal ball gazing mate.
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Cherry-picking a single data point is not using data. Don't kid yourself.