Full article here (Behind paywall) From another article Jobless rate must fall below 4.5pc to halt RBA cuts Full article here (again behind paywall) Basically, what I am reading and seeing is a situation in Australia that happened in US several years ago before they cut interest rates to zero and embarked on QE1 and followed it by QE2. What we don't know is to what extent QE will be embarked on by RBA but looks like it is becoming inevitable to bring back inflation within RBA's target range of between 2% and 3%. One thing is for certain..Savers will be the biggest casualty because deposit rates are going to be close to zero for a while. Secondly, should we get used to markets to remain expensive when measured against historical measures like P/E ratio? Why would you want to invest in bank term deposit earning 1% when you can buy index earning 3% fully franked or individual shares earning 5%+ fully franked? Cheers, Oracle.