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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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15776645 No.15776645 [Reply] [Original]

https://www.abc.net.au/news/2019-10-01/rba-cuts-rate-to-new-low-of-0.75pc/11562908

Interest rates just hit the historic low.

What does this mean for Australia.... Will our currency go down in value?

Will interest rates go negative to revive retail and housing?

WHERE DO I FUCKING INVEST MY MONEY IN THIS GOD FORSAKEN COUNTRY!!?

>> No.15776652

audusd 0.5 2023
I don't think they'll go negative interest rates

>> No.15776653

>>15776645
Means invest in what smart people have always invested in. Equities and property.

Maybe just stay away from FIs and manufacturing.

>> No.15776665

we were forewarned

https://medium.com/@matt_11659/matt-barrie-australias-economy-is-a-house-of-cards-6877adb3fb2f

>> No.15776674

>>15776645
Do you have a suicide stack of Link?

>> No.15776713
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15776713

>99% of networth in crypto
>mfw Bitcoin buys more AUD as the Aussie economy slowly collapses

>> No.15777332

>>15776713
Bitcoin will collapse faster and further. Unlike Australia, Bitcoin doesn't increase its value by exporting iron ore.