the problem with the market, page-9

Rembrandt - it is not Glen Stevens decision. Government has made a policy decision on a acceptable inflation level - since Bob Hawke it has been between 2% to 3%.

To the others. There are significant structural issues affecting the land of oz and none more that the US decision to devalue their $$$. The mining tax and carbon pricing are irrelavant in the large scheme of things. Our second largest trading partner, Japan has for the short term collapsed, tourism and education will be affected by the high $$$, people are now buying overseas over the internet - Borders and Colorado are just two, and many other issues if you care to screen.

Due to these structural changes the Australian revenue base is being eroded ........ unfortunately I subscribe to the point our good economic management has now come back to bite us through a strong $$$. The Chinese peg to the us dollar does not help either ... musings