Lighten up: It's raining cash

While the second half of 2008 will likely be remembered for the doom and gloom that cloaked the world economy, the Australian has reminded people to look on the bright side.

It noted that with Kevin Rudd’s $1,000 Christmas present on its way and petrol prices tumbling, households should feel decidedly less pressured than they have in recent months.

Meanwhile, the recent rate cut frenzy has meant that for an Aussie with a $300,000 mortgage, monthly home loan payments will have come down by a typical $570.

The paper enthuses: “When you’re chewing on life’s gristle, don’t grumble, give a whistle, as the Monty Python team tells us. Forget the global recession for a moment. Look on the bright side: it’s raining cash.”

Elsewhere, the Australian Associated Press has celebrated the recent rate cuts and suggested that the bevy of new low-interest home loans on the market could lead Australia into economic recovery.ADNFCR-1761-ID-18927913-ADNFCR