We are waiting to see if the Reserve Bank raises interest rates to try to counter resurgent inflation - inflation that seemed to have disappeared for three decades. People talk, by the way, of a "hike" in rates - but, remember, they are not far above zero at the moment and any rise will take them to a tad above zero. In 1990, they were 17 per cent. Both major parties are wondering what a small rise would do to their chances in the election. Will it push people towards the Coalition on the grounds that as the sea gets...