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Archive - Mar 14, 2008Submitted by Fiona Reynolds on March 14, 2008 - 5:29pm.
It is to be expected that a new government coming into office will take time to settle in, read the files and gradually get used to the idea of being in power. In doing that the Rudd Government is no different to the Howard government, which took the best part of 18 months to settle into the harness. However the Howard government was not bequeathed the administrative mess of a politicised public service and the moral and ethical conundrum that now constitutes Rudd's inheritance.
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Submitted by Fiona Reynolds on March 14, 2008 - 1:12pm.
"When I was originally approached to speak to this audience, I was asked to give a Reserve Bank perspective on the economy. That was a fairly general brief. Given the current state of affairs, it makes sense to fulfil it by talking specifically about inflation and monetary policy." (Glenn Stevens)
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Submitted by David Roffey on March 14, 2008 - 7:30am.
I'm interested by the claim repeated in numerous news analyses that "investors are buying oil to hedge against the sliding greenback" - it seems to me to be a tad more significant that world oil demand has exceeded world oil supply for the last several months, and looks like doing so for at least the rest of this year. My forecasts for year end 2008: $145 barrel; A$1=US$1; ULP at $1.87 per litre. Enjoy.
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