Reference :- Interest rates are going up again .

References :-   Will a raise in interest rates do anything helpful ? 

 

 Here at the Sky Reply we try to cover important issues in the hope of shedding some light where it is needed .  But on this occasion we feel unable to comment .  Economics is an extremely complex field , and it requires well qualified people as administrators . .   The causes of inflation are many , and the interaction between the causes and the supposed remedies very difficult to predict .

  Inflation  has been influenced by the war in Ukraine , Covid , supply chain difficulties , tensions with China , sanctions , political maneuvering , problems with the world fleet of container ships , greedy profiteering by monopoly companies , climate change , oil and gas prices , supply of microchips and raw materials , poorly regulated bank lending , de-industrialization , job losses caused by technical innovation .....and on and on . 

Fortunately all these factors in the economic equation can be balanced with fine adjustments to Reserve Bank interest rates , for which we must be very thankful .   

That is all we can say on the subject , so to fill the page , here is some  news from Kooralya . 

Young Monte has decided to restore his motorbike .  It certainly is well overdue for a freshen up , especially since the local cop made his recommendation . 

" That bike is an unroadworthy deathtrap . If I see it on the road again in that condition I will confiscate it and send it to be crushed straight after throwing you in the slammer .  "    the cop said . 

" Thank you for your kind recommendation , officer . " , Monte said . 

So the restoration is about to commence . There is not one part of the bike that doesn't need attention . 

Monte is broke , as usual , and has nothing in the way of tools . 

" You can borrow my shifting spanner . ",  I said . 

" That won't be enough. ",  Monte said . 

" Of course it will . It's adjustable . You can make it bigger or smaller so it will fit anything . ", I said . 

" What about the allen screws , and the phillips screws , and the slotted screws ,  and the spark plug socket, and the feeler gauges , and the ring compressor , and the voltmeter , and the tension wrench ? " ,  Monte said . 

" That's a lot to lend you at once . You can start with the shifting spanner and lets see how you go for a few days before we decide if you need anything else . " , I said . 

Monte grabbed the shifting spanner and slumped off. 

" And make sure you don't round off any bolt heads with it . " , I shouted . 

Your comrade , Ken .