Henry Thornton has been mixing with the National
Australia Bank’s “Major Client Group” at Crown Casino. Chairman Graeme
Krahe told an oldie but a goodie about Za Za Gabor’s seventh husband, the bank’s
Chief Economist Alan Oster gave his usual satisfying performance and only the
Australian economy was seen to be flagging by the end of the show.

It seems interest rates might be “on hold” until
more data emerges and that an Aussie dollar around 70 US cents is on the
cards before long. Staff is hard to get, inflation is on the rise and
growth is slowing.