Tuesday, June 17, 2008
Interest Rates - Hold?
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Interest rates don't go up, ie Reserve indicates that they may not need to go up in the foreseeable future. That's the result of sound economic policy, that is.
Fuel prices spiralling, that would be larger world economic forces at work.
Frankly, both are something of a matter of luck. Much like the rain that broke the drought the day Bob Hawke became Prime Minister.
The best governments can offer are fuel watch thingys. Then they can take the credit when prices go down, and look for scape goats when they go up.
Still, we need someone to blame, and they are the best thing we've got.