Thursday, May 29, 2008

Thursday and potential interest rate hike.....

Good morning!!

And the news for the day.

http://www.fin24.com/articles/default/display_article.aspx?ArticleId=1518-25_2330909

Well the next monetary policy meeting is the 12th June. Hence my editing of my ramble this morning. It is always best to wake up properly, investigate and then ramble. LOL

So instead of a 50 basis point hike, there are hints at a 200 basis point hike. Take interest rates to 17%. This spells bad news for the average man on the street who is already struggling. Just how much pain, suffering and how much are we expected to lose before it gets better.

Once again I am struggling with the Home Education route. We currently spend over R4000.00 for our boys to attend school and nursery school. But they are both happy and with all the changes going on - this would really upset their lives. I just can't do it.

Money is tight everywhere. I can only push forward somehow and diversify. Ideas, ideas, ideas????? How to be an entrepeneur when the economy is failing you??

Inflation is sky rocketing, well yeah, when your basics like bread is costing a fortune everyday. It's no wonder!! Petrol is constantly going up and it feels like there is no end.

There are no more notches on this belt to tighten!!! I don't know where to from here. Everytime it feels like we just might be able to squeeze everything in, it goes up in flames. Guaranteed we will have to relook at the budget at the end of the day.

I will constantly seek the light at the end of the tunnel. There is no alternative.

Sorry for my bright start to the day.............but it's reality.

Chat soon....

2 comments:

Capt Elaine Magliacane said...

For doom and gloom predictions... here's mine... we are on the verge of a world wide depression similar to the one that hit in the 1930's... these prices increases can't continue no one can afford it.
Hang in there girlfriend... you are tough and you'll make it.

Ramblings of a lunatic mom and lampworker said...

I agree with you on that Elaine. And where there is a will there is a way!!! And today may just be the beginning of a whole new adventure.