To blame someone is the way we go about things here...after all it is never our fault and how would we sue ourselves when things go wrong.....but on this occassion no one is blaming the RBA for the rates rise, even though of course you did raise the rates... Did the rates rise stop house buying in the late 80's???? noooooooo....,,..I am sure there are other ways to stop the spending like wiping out the first home owners, although it only accounts for 20%, its a start....then what about tightening up credit instead of letting you borrow on 105%, kids given credit cards as teens, and phone contracts handed out willy nilly...HOW ABOUT MAKING CREDIT INSTUTIONS MORE ACCOUNTABLE?
But back to the RBA they did raise the rates so who else can we blame...Drunken politicians maybe?
