Tuesday, September 27, 2005

This may interest you


In Australia, "Rates will rise in early November. Don't take my word for it - take Mal Brough's."

Say what?? The Howard and Costello comity team would have us believe that everything is just swell. Too swell, maybe: "What has been blindingly obvious for a year or more is about to come true. The boom in the resource states is overwhelming the bad times in the latte-society states. The housing bust is not restraining the economy sufficiently; the exchange rate has been too low in the face of such extraordinarily favourable terms of trade; the labour market has been too tight for too long; and high and higher oil prices have been too high for too long and are leaking into wage rises."

To find out who Mal Brough is, and the author of this piece is, see http://www.henrythornton.com/article.asp?article_id=3617

And my thanks to http://www.sauer-thompson.com/archives/opinion/2005/09/living_the_good.php for the tip.

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