Is Australia RBA in Australia ??

(click on picture for bigger image)

Global Interest Rate looks set to rise.

Bank's capital adequacy ratio to go up.
Money supply will decreased.
Credit squeezed.

Meaning to say
Less money to lend out,
And lend at higher rate.

China already forecast that growth will slow,
Still at a high rate but slower.

Anyway RBA, is saying in a nutshell is, ALTHOUGH,
Interest rates, global interest rates will rise,
Housing & Commodities will still be ok.
2 of Australia's economy component
So,

Either the
RBA is reading a different economic report,
RBA Can't handle the truth
RBA Can't be the bearer of bad & painful news
RBA Can't be and don't want to be the bad guys
RBA is not in this world
RBA is not in Australia

I will leave this 3 article here, hopefully for everybody else that have mortgage to pay & still need a job, these words from RBA will not come back to haunt them

Sources references :

http://www.smh.com.au/business/rba-says-mortgage-stress-not-a-problem--for-now-20110526-1f53c.html

http://www.smh.com.au/business/rba-dismisses-commodity-price-bubble-talk-20110526-1f5b4.html

http://www.theaustralian.com.au/business/industry-sectors/modest-credit-growth-ahead-says-reserve-bank-deputy-governor-ric-battellino/story-e6frg96f-1226063213034