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Henry Thornton notes that the press is all over the shop. It will be important as the future unravels to seperate the disinterested contributions from those provided by those with an interest in rising inflation - eg retailers, owners of shopping centres, property developers, their mates in the mainstream press.



So far, however, are puerile. Some say the RBA is right to have raised interest rates now and others say it is wrong. The better argument would have been whether it would have been more right to have raised them last year or the year before. Raising them now seems an act of desperation before inflation took off and foreign investors stood back from financing a crazy-brave current acco

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