In today's email we asked whether the economy is getting closer to its increasingly hard to define "speed limit".
Unemployment's fall to a nine-year low of 4.5 percent begs the question for interest rate setters: has the economy revved so hard that it is about to generate inflation? Bernard Hickey looks under the hood and finds a higher performance engine.
Yet again, inflation was weaker than the Reserve Bank expected in the June quarter, forcing it to consider another rate cut that would pour more fuel on the housing market fire in the absence of further lending controls.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Friday.