'Interest rates have been too low for too long, and should rise steeply in the very near future.'
Too low for what? Too low because the economy is overheating? Too low because inflationary forces are overwhelming? Too low because the private sector (households and businesses) are lining up to borrow and invest?
Really?
What's next ....real wages have been increasing at an alarming rate putting pressure on business? No spare capacity and no unemployment in Australia?
Raise interest rates because ....
