Good morning Lapdog,
Yes, the RBA has badly miscalculated -- they should have asked us two, lol.
Sadly instead of taming inflation the RBA has turned one of the strongest economies in the developed world into one where the adjective "slowing" now always preceeds the word growth.
With parity between the US and Au dollar now a dream, and the necessity for a cut in interest rates urgent, the consequence of course will be an even greater currency gap.
dieharder, page-64
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