With the "Rudd Risk Premium" being priced into building projects now its looking like we will soon enjoy substantial interest rate rises too.
ANZ politely indicated three rises imminent. That will make those with cash in the bank very happy. Dare say some cashed up baby boomers wont mind a bit if their cash starts earning 10% and their kids can afford a house once again. China should be raising rates soon so we can expect that will also impact capital and investment markets.
The Rudd Government will be entering a firestorm and wont have the credentials to deal with it, or will they?
