Buy Bonds, It?s Worse Than You Think
Interest Rates To Go Down! REALLY?
Danish Saxo Bank chief economist Steen Jakobsen, was recently speaking in Sydney on a visit from the bank?s Copenhagen headquarters.
He believes Australia is where Britain was in the 1980s with high labour costs attributable to being over-unionised.
I can?t disagree with him, although I am not having a dig at unions. They do play a role.
But his assertion is that interest rates will actually drop, by as much as 25 to 75 basis points.
Great news if you have a home loan, too bad if you don?t have a job!
There is a lot more pain to come, and it is going to last for around another 6 to 9 years. Oh yes, not an easy one this time around.
Is it time for you to review your investments, which include your retirement funds and plans?
Let me tell you ? it is ALWAYS time to review!
After all ? it is YOUR money!