RBA stuns markets with massive rate cuts

[jamesdrv]

When I saw this at 4pm (or there abouts) I screamed out in my nerdy economics voice (try imagine it) "OMGG 1 PER CENT WHAT THE FUCK"

I then proceeded to message everyone I knew who would be interested in it
"RBA JUST CUT INTEREST RATES BY 1% WTF"

Weird how I can get so excited by silly changes like this lol

Can't beat my first year macroeconomics lecturer. I got linked to his Lectopia recording, hahahaha. He's such a nerd. He interrupted the whole lecture (full Copland Theatre, fits around 200 I'm guessing?), to refresh the RBA website as the announcement came out (live).

He refreshes. You hear this pause. He gets a bit frustrated coz it's loading, but then you hear the lecture go: "whoaaa!"

He pauses for a looong time. "Wow. Would you look at that."

"For once in my life, I'm speechless"

"That's incredible, that is JUST incredible!"

He made a comment saying we're obviously in much more trouble than he expected.

I was in that lecture. He seemed to be physically taken aback by the magnitude of the rate cut. Are the student's gasps audible on the recording (everyone freaked out a bit, lol)?

EDIT: every time the RBA has made it's announcement this semester he has 'gone live' to the RBA during the Tuesday 2.15-3.15 lecture (this just means he just goes to the RBA website and refreshes the page). Nilss is great.

[bilgia]

LOL at Nilss I also do macroeconomics as breadth subject but was in the morning lecture

[Ahmad]

I was really disappointed being in the morning class on Tuesday. Just seemed like awesome fun took place that afternoon. Nilss  :2funny:

[Noblesse]

Here we go again:

The Reserve Bank has slashed interest rates by 75 basis points to 5.25 per cent.

Most economists had predicted a 50 basis point cut, saying it was needed to boost the slowing economy despite inflation being at 5 per cent

http://www.news.com.au/business/money/story/0,25479,24601008-5016110,00.html

[bturville]

wow

[AppleXY]

Yeah they heard they announcement.

Hmm.

[Collin Li]

Yeah they heard they announcement.

Hmm.

0.50% interest rate cut for anyone who can decode what he meant.

[Noblesse]

Yeah they heard they announcement.

Hmm.

0.50% interest rate cut for anyone who can decode what he meant.

Probably something to do with happytime.

[AppleXY]

Yeah they heard they announcement.

Hmm.

0.50% interest rate cut for anyone who can decode what he meant.

Probably something to do with happytime.

LOL WTF LOL. I'm going crazy

i feel drunk now after reading that lol