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I look at export earnings as like household income. Housing construction, domestic consumption, infrastructure, is all what the income is spent on. You can't spend more than you earn, or else nasty things may happen. Simplistic? Very, but I'm a simple person. I don't really see...

Does anyone seriously think the RBA caused all this simply by raising interest rates a bit too far? This whole mess was caused by too much debt and leverage throughout the entire world. Consumers could stand no more and they have shut up shop. First the US, and then the rest of the world...

Sounds like you forecast commodities tanking in advance. Our economy was still very strong in June 2008. The RBA acted after it was obvious how serious the problems were going to be. If you saw that in advance, then well done. I need to borrow your crystal ball. See ya's.

This is hilarious. OK, if all these problems were all so obvious, what did you do about it then? This whole debarcle only happened because hardly anyone saw it coming, otherwise it wouldn't have happened. You should have started a thread about these problems, like nonrecourse did, so we...

Rates were still being increased into 2008 because our economy was still booming because commodities were still booming. Our economy was booming in 2008, when the US, Europe, Japan etc were struggling, as their economies were being hammered from high commodity prices, where ours was...

Yes, your correct allblack. The RBA was just doing what was right at the time. I'm over passing on any blame. Kevin 747 is not to blame, Johnnie H is not to blame, the RBA is not to blame, George Dub is not to blame, Arab oil men are not to blame, China's not to blame. It took the poor...