Aside from increasing
interest rates, the Reserve Bank also warned repeatedly
around that time about the danger of excessive increases in house prices and borrowing, which may have, at the margin, curtailed some speculative
activity.
Certainly the Japanese, so its all being done so — with the — Donald Trump wanting to turn
around the trade deficit, you can't help but say hey maybe they are actually onto something because they have an independent central bank well --(unintelligible) the independent central bank that goes upon its course based on what its seeing here you know based on domestic economic
activity, while everybody else is setting it to international standards then tariffs become the — I guess the alternative especially when the feds is raising the
interest rates and they're the only central bank really raising
interest rates... I know... the bank of England went half a basis point, quarter basis point and they are project to go a quarter basis point tomorrow which we will see.