RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

Currently things are rolling well according to the RBA, in my conversations with people it is widely varied between industries and workplaces. Some businesses are picking up, others are still flatlining.

Most of my clients are saying general wages growth has been non-existent as well. How are your family travelling? Are you feeling positive about the economy?

View the RBA release here.

What are you revealing online? Much more than you think

This is a very interesting discussion around our privacy online. What we often fail to understand is entities are making inferences about us, and about information we haven’t disclosed, based on what we have. Sometimes, saying nothing doesn’t mean we haven’t said too much…

 

Originally posted on ideas.ted.com:

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What can be guessed about you from your online behavior? Two computer privacy experts — economist Alessandro Acquisti and computer scientist Jennifer Golbeck — on how little we know about how much others know.

The best indicator of high intelligence on Facebook isapparently liking a page for curly fries. At least, that’s according to computer scientist Jennifer Golbeck (TED Talk: The curly fry conundrum), whose job is to figure out what we reveal about ourselves through what we say — and don’t say — online. Of course, the lines between online and “real” are increasingly blurred, but as Golbeck and privacy economist Alessandro Acquisti (TED Talk: Why privacy matters) both agree, that’s no reason to stop paying attention. TED got the two together to discuss what the web knows about you, and what we can do about the things we’d rather it forgot. An edited version of the conversation follows.

I…

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RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

rba-logo-630x444We have had some positive reports coming out, unemployment has dipped lower, things are not starting to collapse. That said, most small business owners I speak to are still feeling tough times.

Has your business been feeling the pinch?

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

Recently, I have heard varying opinions on the state of our economy and potential recovery.

Some economists are pointing towards the likelihood that rates will trend higher by the end for the year. What does this mean for your plans?

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

This is again welcome news for any mortgagee, and less welcome news for my retiree clients with larger fixed income portfolios.

Most home owners are aware (and if you are not, then listen now), that mortgage rates are at epic lows. This has meant a few of my clients have started considering locking in rates. It is a tough call, and I recommend talking with your broker, and considering carefully what a fixed rate means for your cashflow, and what it costs you if rates stay below it for two or three years.

As always, welcome your comments below.

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

The RBA noted the “below trend” growth for 2013, as have many small business owners I have been talking to over the past year.

They are hoping this low rate helps keep the growth prospects high. We are all looking forward to seeing that materialise.

I would welcome your comments below.

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

The RBA use terms like “demand for labour has remained weak..”. I hear that in raw, honest, desperate conversations with clients and friends and contacts weekly at the moment. More often self-employed business owners are telling me of drying up opportunities and limited options. I am hoping along with you that conditions are improving soon, and the flow on effects will benefit our nation as a whole.

Feel free to let me know how you are doing, and what you are experiencing now in the comments.

View the RBA release here.

RBA keeps rates at 2.50%

At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5 per cent.

Some good friends of mine recently purchased a house, and were asking what I thought was going to happen with interest rates. I guess my simplest answer is “sometimes they change, sometimes they wont.”

Historically, Australia is at very low-interest rates. Globally, we are very high. We live in interesting times (referencing the ancient Chinese “Curse”), and navigating these times comes with its own challenge. My recommendation to anyone looking to buy, or to fix rates, is be able to pay at least 2.5% higher than current, and if possible, 10%. Then you have more capacity in your budget than if you can only just afford payments now.

View the RBA release here.

Nelson Mandela dies – A Life of Impact

Graffiti art of Nelson Mandela by Thierry Ehrmann, courtesy of Wikipedia (click to open)
Graffiti art of Nelson Mandela by Thierry Ehrmann, courtesy of Wikipedia (click to open)

Having just heard the news of Nelson Mandela’s passing, I cannot help but reflect on the amazing impact this one man has had during his lifetime.

What captivates me most is the story of a dream, and determination for a better future.

He was able to overcome obstacles, having served 27 years (of a life sentence) then to be released in 1990, to become the first black South African President by 1994.

The legacy of Nelson Mandela, to me, will always beg the question – what do I do next?

Make your time count… Impact the world!

Source: Wikipedia, The Australian, SMS from my mum