Interest Rates will come down

The Reserve Bank has effectively slashed retail spending from six per cent growth rates to more sustainable 1-2 per cent levels. Large flat screen TV sales are defying the slump in retail sales. The Reserve Bank will cut rates in the first week in September, if not at this week's meeting, despite many experts predicting the first cuts would not be until next year. Big falls in share values of 20 to 30 per cent present a golden opportunity to buy. Superannuation is also a tax advantaged opportunity now.

Source: Sunday Herald Sun

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