3 - Housing Crisis in Australia
The Red Line
00:00
The Banks Have Cut Interest Rates Again to Near Zero Levels
The banks have cut the interest rates again to near zero levels. Why do you think they've done that? So the theory here, and this gets back to economics and whether their models are actually correct or not. And if anything, the money that is being lent out by these banks, it's to the big corporates and ther speculators That haven't got into the real economy at all.
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