2009.05.05 04:16:35

I am getting into micro blogging.

It’s way more fun than traditional blogging and a lot less time consuming.

So expect shorter posts….lol.

Today I am wondering when the long term interest rates will come down.

The excuses the banks use for keeping the rates high have all gone however the rates have remained relatively high compared to the OCR.

Personally I think this is a wrought especially after some of the news last week such as large profits and bad debts only being a small fraction of the reason why the banks made less money than last year, thats right they didn’t lose money they just made less.

So when will they come down?