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Big mistake not lowering rates the Victorian housing industry has collapsed,new home sales have died and as usual that fool glen you know who has no fckng idea.


Get out in the real world peanut and get a feel for what's really going on.


I could easily sack my staff and save money ATM


Hope he wakes up soon



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>>>The biggest bond dealers in the U.S. say the Federal Reserve is poised to start a new round of stimulus, injecting more money into the economy by purchasing mortgage securities instead of Treasuries. <<<


>>>>New Urgency

The company forecasts the Fed will buy $800 billion of securities, which may include Treasuries.


Efforts to bolster the economy are taking on new urgency with $1.2 trillion in automatic government spending cuts slated to begin in 2013. The Commerce Department said last week that gross domestic product expanded at a 2 percent annual rate in the third quarter, less than the 2.5 percent it originally projected, and Europe's worsening debt crisis threatens to further curb global growth<<<<



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Concerted easing action starting?



1..European stocks rose for a fourth day and U.S. index futures rallied after central banks acted together to make additional funds available to banks. Italian bonds dropped while the German one-year yield sank below zero for the first time.



2..China cut the amount of cash that banks must set aside as reserves for the first time since 2008 as Europe's debt crisis dims the outlook for exports and growth.



3..The Federal Reserve cut the cost of emergency dollar funding for European banks as part of a globally coordinated central-bank response to the continent's sovereign-debt crisis


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Rugby league great Arthur Beetson has died after suffering a heart attack on the Gold Coast.

Beetson, 66, was riding his bike at Paradise Point around 9.15am on Thursday when witnesses said he suffered severe chest pains and ambulance officers were called to treat him at the scene.

Queensland Premier Anna Bligh broke the news of Beetson's death in parliament, saying Queensland had lost one of its legends.

'He was a knockabout bloke from country Queensland, he loved his leagues, he loved his Queensland and his loss will be felt from many,' Ms Bligh told parliament.

Beetson was Queensland's first State of Origin captain in 1980, and coached the Maroons to series wins from 1982, 1983, 1984 and 1989. He was inducted into the Australian Rugby League Hall of Fame in 2003. In February 2008, Beetson was named in a list of Australia's 100 Greatest Players (1908-2007) which was commissioned by the NRL and ARL to celebrate the code's centenary year in Australia. Beetson went on to be named in the front-row in Australian rugby league's Team of the Century.



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