bank interest, page-9

GC,
I think you've nailed it with this scenario, although Im not sure about the unions getting what they want.
But how all that money finds its way into consumables (other than through your suggested union-induced wage rises) in order to pump them up is beyond me.
It could be wage rises that will do it, as you suggest. It could be gobs of money working its way into commodities futures markets, but I reckon governemnts will cap that activity if it gets of hand. it could be helicopter drops to all and sundry, or to Rudd-man's favourite sector. At the moment that appears to be builders, civil engineering contractors & insulation installers.