Those of us that are very actively involved in business on the ground-as opposed to those that are very actively involved in text-book business principles-will unequivocally agree that even one 25 point rate rise within the next 12 months will knock the absolute f...k out of the Australian economy.
I realise the RBA is dumb but they're not that dumb. i.e. unemployment at 6% is bad enough...Captain Glenn certainly won't want to see it at 10%.
