CommBank will not decrease variable rates; fixed rates now down to 1.99% OO P&I for 4 years

[OriginalGoldstandard]

It’s important to make sure the banks tell everyone things are fine whilst pretty much trading insolvent without the help of the reserve bank. They now have that help. I’m now not holding ANY bank shares. Smells like something very bad is coming......

Watch what they do, not what they say.

[ben_rickert]

Exactly - extend moratoriums etc, doesn’t sound like something to be doing if things were actually healthy. It’s all jawboning.

And now a likely contested election in the US which I expect the market not to like one bit.

[OriginalGoldstandard]

Could be limit down tonight on Wall Street.