Australian reserve bank doesnt understand globalisation, they expect the chinese not to worry about inflation but use that as its only guide to manage internal interest rates, They should have folllowed global credit markets to in the least slowdon foreign investment. They have basically sold off their manufacturing and toursim industries to compensate the growing mining industry, their politicians are amoingst the highest paid and least intelligent in the world, and now they are well on their way to ruining their one profitable industry by overtaxing it and allowing unions to push up the price of labour to the point most mines are only profitable during peaks in commodity prices, that country will sink quicker than Greece one day.