The RBA is persistently underachieving its inflation target. It is now time to act.

This is more than twice the average growth rate of full time employment since January 2008.

Rising export commodity prices will beat out falling house prices and make the economy stronger than expected.

Usually when commodity prices go up, the Australian dollar goes up.

Strangely, now that commodity prices have gone up, the Australian dollar has gone down.

While no one was looking, rising commodity prices were generating rising tax revenue.

Keeping rates stable as inflation rises provides support for the US economy to guard against a hard landing or actual recession.

On the more reliable Trend measure, there was no per capita GDP Recession in Australia last year; although there was one in 2008.

The Fed minutes suggests that when Trump Urged the Fed to "Feel the Market" the Fed members put out their hands to follow his call.

The US dollar is overbought against both the Euro and the Aussie Dollar. US bonds are also overbought.

Rising inflationary expectations will cause a sell off in the US dollar and in US Bonds.

A decline in the stocks to consumption ratio for refined product puts upward pressure on the oil price.