interst rises is no solution , page-4

Purchasers of property from 2003 onwards are the only ones in numbers that should be seriously affected by the current situation (yes, there will be others from outside this band).

What % of people actually received a housing loan from 2003 to 2008?

Not a lot. (In proportion to the overall market)

Besides the stories, a majority of consumers have NOT stopped spending...fact.

Likewise, businesses have NOT drastically pulled back there spending either....fact.

Although confidence is low the numbers are NOT.

The RBA will attempt to control what needs controlling and what it has control over...and that is what it is doing.

I believe interest rates will rise again and remain where they are until domestic demand decreases and reduces its influence on inflation (even if a larger % is imported).