When most economists thought a July cut a certainty, one doubter is now calling an August cut a “slam dunk”. Is our RBA board gutsy enough to do what business owners and borrowers would love them to do by cutting rates by a half-a-point next month?
Since the start of October, Westpac had rallied almost 17% making it the best performing major bank over this period. So on the basis of the old axiom “buy the rumour, sell the fact”, it was no surprise to see it fall today by around 3% when it delivered an “as expected” full year financial result.
With the increasing sophistication of clinical trials, the medical world and the better educated general public with easy access to Dr Google is becoming more aware of the potential complications and long-term side effects of chronic pharmaceutical therapy.
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