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Um - no. Surprisingly lending in Australia was still relatively sound and strictly controlled. Borrowers have to prove they could repay comfortably. Yes we did have 95% lend, yes we did briefly have No Doc loans ... but these weren't available to all and sundry, and there were a heck of a...

But that's what he was getting at - by increasing interest rates it is targeting a sector that is already running under low inflation and struggling. An interest rate rise will see it to it's grave. Whilst the mining industry is running at high inflation but won't be affected at all by any...

huh - don't understand what you mean. Expecting 80,000 to be out of work within 12 months - don't think the mining industry will absorb that many. Does point out the tough position the RBA are in - but also why they haven't raised rates despite inflation being "high"

Great opinion piece in the Sunday Tele today by Mark Bouris. The RBA is confronted with a mining industry that is running at 16% inflation - and the remainder of the economy that is running at around 1.5% ... but ... as pointed out by Mark Bouris (I tried to find the article online with no...

Part of the RBA's job to curb inflation is to put the willy's up the populace with threats that they "may" raise interest rates. The threat is often usually enough to dampen spending further. It just tactics that they have always employed.