VIEW: Terry McCrann's latest article notes......>

RBA: VIEW: Terry McCrann's latest article notes that "there's a good reason we

won't be getting another rate cut any or more gov't handouts any time soon. The

economy has received or is in the process of receiving a significant number of

stimulants. We need to take a month, or two, or three, to see how they are

playing out both individually & added together. The 1st was the election result.

Then in quick succession we got the 2 RBA rate cuts - and perhaps somewhat

surprisingly, they were mostly passed on by the big 4 banks & passed on quickly.

This month we are getting the A$8bn tax cut injection. Then add APRA loosening

the corset on the size of home loans - feeding into the dynamics of demand &

supply that were already putting a floor under the property market in Melbourne

& Sydney. So, let's see how all this plays out and, importantly, plays out in

the global context. There are a series of key dynamics. What happens to the US

economy? What happens to the Chinese economy? What happens in the US-China

'trade war'? What the Fed does with interest rates and how Wall St reacts?

Absent the shock left-field 'event', this suggests our immediate future will be

largely in our own hands."