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Rates to fall, but not by much: Oliver

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Australian Broker | 10 Nov 2011, 06:00 AM Agree 0
Interest rates will continue to fall, but don't expect massive cuts, an AMP economist has stated
  • Wes | 10 Nov 2011, 12:16 PM Agree 0
    I have correposndence and webcasts of Shane at the height of July 2008 when rates were nudging 9% talking about rates hitting 11%. Within 4 months they were closer to 5%. Holds no weight.
  • MattJ | 10 Nov 2011, 02:26 PM Agree 0
    Yes, fancy Shane not predicting the US Sub-Prime crisis when so many others did! I myself locked our own loan in for 3 yrs at 8.5% earlier that year, much to my wife's subsequent scorn.
  • Spinner | 12 Nov 2011, 08:55 PM Agree 0
    Was the prediction 11%? Not so good on the resume. Maybe predicting 0.25's either way you can't go wrong.
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