The Australian - Strongly rising private capital expenditure represents a mixed blessing from the Reserve Bank's point of view. The rising capital stock over the next 15 months will help to lift economic capacity, a welcome development in terms of lifting growth potential and capping inflation over the medium term. In the near-term however, strong capital spending will be competing for resources with very strong household spending and adding to near-term strain on capacity, potentially adding to the problem of persistently high inflation.