any other bears wish to admit they were wrong, page-2

warnie

average interest rate for last 40 years was 9%

anything below that is low, in times of high debt it goes higher.

its not just australia, if the US and Europe etc all have serious issues and need to raise their interest rate, Australia has to as well or else it will stuff our $ up.

why do you think the Australian $ is doing so well at the moment? its because rest of world knows we are now upping our interest rates which makes our money stronger!