Damn, Another Rate rise!

[Brendan]

Well.. as the predicted another rate rise yesterday.. so we are at 7% and thats not the end of it, have a read of this article in the age - Another rise flagged - National - theage.com.au (http://www.theage.com.au/news/national/another-rate-rise-flagged/2008/02/05/1202090423096.html)

How is this going to affect us.. they say we are spending too much, so we need to be slapped on the wrist and the only way to do that is make our lives harder to live..

What do you guys think of the rise.. is it sustainable.. or will we crash and burn?

[crackers]

Sucks but it really doesnt effect me. It wont have any problems in my fam. People who cannot afford it, its their fault for biting off more than they can chew.

[SeriousCat]

Where there is a downturn, there is opportunity.
Good time to buy shares whilst they're in the slump.

[gerryonline]

yea that is a great point.. and I do agree, but at what time is best time to buy? and whats to guarantee that those shares wont continue to fall even further.. and then rise back up? If at all?

I guess thats the point, the riskier things are the greater returns, and the longer you ride the wave.. hopefully the better results you get.