Interest rates in the United States are currently at an all time low of 0.25%. Aggressive rate cutting by the US Federal Reserve has been aimed at stimulating consumer expenditure and economic growth. Thus far, this strategy has not had the desired effect and has led the US Federal Reserve to “Quantitative Easing”.
There has been much debate about the NBN, its usefulness, its total cost and cost efficiency and its long term viability. I must admit I have been a sceptic and concerned about the lack of cost / benefit analysis and business plan as raised by Malcolm Turnbull. At our corporate break out conference last week we had Peter Blasina (TVs gadget-man) as one of our guest speakers talking about the future for technology.
There has been much speculation about a double-dip recession in the US and sovereign debt collapse in Europe causing stock markets to drift lower for much of the first half of this year.