mongombolo
Comments we made ages ago about the RBA unwisely lifting rates yet again have unfortunately proven to be chillingly accurate.
Seems the RBA cannot even blame workers since their rises are only about 4%. IMO rate increases have contributed significantly to inflation along with the oil surge.
To add salt to the wounds our market has now just fallen 10% currency-wise relative to the $US. Hope that now means the Fed Govt will now do its bit in the inflation fight by showing spending restraint - discontinuing all imports of expensive fighter planes for example.
Hopefully the Fed Govt will soon move from its rhetoric to real infrastructure works that require our minerals & energy!
4YIO - NFA
dieharder, page-62
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