The December quarter current account figures were released this morning and it was another poor performance as Australia went $16 billion into the red, putting us in a similar position to the infamous banana republic days of the 1980s.

Henry Thornton of course thinks interest rates should rise – cautiously as there may be several rises ahead. Read how Henry Thornton advises the RBA Board this month; “Bubble, bubble, toil and trouble”. See http://www.henrythornton.com/article.asp?article_id=3135