Also interesting was Graham Perrett's assessment of our economy, based on information he's gathered as part of an economic sub-committee. We are in for a difficult five years, my friends, as the effects of galloping inflation coupled with low unemployment and skills shortages are felt.
Already I'm getting customers wishing to fix their loans because "now the Labor party's in, the interest rates are bound to go up." I just nod my head. It's pointless getting out my interest rate sheets from 2002, where the variable rate was 5.99%, and showing that the rates rose by 3% under the previous government.