Terms of trade up ie. prices for coaking coal & other bulk commodities paid by China up.
existing house prices up.(ie.melb+ 19.3%)
GS worried his kids won't be able to afford to buy a property in a few years time so he's going to keep hiking rates up until the prices of at least existing homes come down.
Hike away GS ! 300BP imho needed. he he he Lol :-)
GLENN STEVENS: If we think about property prices as parents and you're a parent, as am I. I've got kids that within not too many more years are going to want somewhere of their own to live and you wonder, you know, how is that going to be afforded because these prices are getting quite high.
