Just remember that a drop in interest rates is likely to put...

Just remember that a drop in interest rates is likely to put tremendous upwards pressure on stocks and properties. After bag holders are made, post a drop in rates, what will follow will be either be a correction or the actual hard landing that is required/ inevitable really.
I don't think the RBA, the Government and RBA are way out of their depths and are in experimental mode, is willing to tank the economy this way and leave so many bag holders. But then again, the Australian people can just crack on since they don't really have a high quality of life or many things to enjoy spending their money on - "let's all go car camping" said every Australian.
Rates will stay the same. Dropping it sends a very negative signal that it is over. However, this is the only way out really. Will what follow after assets peak be a correction or the inevitable hard landing? Only time can tell. I am of the view they will keep it the same for as long as they can. In the meantime, the financial war of attrition will compel Australians to cash-out and leave in droves to other countries, which could be what they want too.