No difference for me. Well, our mortgage provider won't let us lock our interest rates in, at any level.
I reckon the mining and construction related guys will feel it first, then retail - and in the retail world, it will be the 'bling' stuff that gets hit hardest.
With the benefit of 20-20 hindsight, I think that a lot of industries have been bloated for a while now, and we should not have been looking at the recent economic situation as being 'normal' - in the foreseeable future, we're going to over-compensate which will suck for lots of people - but that's the price that we will collectively pay.
Hilly, damn!