I believe Glen our Reserve Head was set up to rise the interest rate to paint a false recovery picture to the world. Well, we are small fish, easy to move.
Last time the world cheered for us, but this time, we are ignored. Maybe they think we are bluffing, Fool me once shame on me, and fool me twice, you know...
Very very bad sign, looks like the correct is going to continue, 15% might be the good target. It is a shame, a totally shame.
I hope he won't cut the interest rate in December or January. Then we will question why we need a reserve head, hire a computer is a lot cheaper.
On the other hand, we Aussie are bunch of happy people, spend money like crazy. Just looked at the retailers' report, and rising prices, cannot believe it we are in any kind of crisis.
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