Australian Economic Analysis

[GumbyLearner]

Could this recession/depression be caused by Bin Liner after all he started 9/11 and the World panicked and then the IR rates came down to get the USA economy moving again and away we went...?

Bin Liner??

Dont you mean the good ol' Jet Airliner song by the Steve Miller Band? :

I'm hearing you, but just keep your mouth shut. In the words of Colonal Klink's deputy..I know nothing..nasing!

 

[Aussiejeff]

Bin Liner??

Dont you mean the good ol' Jet Airliner song by the Steve Miller Band? :

I'm hearing you, but just keep your mouth shut. In the words of Colonal Klink's deputy..I know nothing..nasing!

Strewth! And here I was thinking the chappy was a FBI/CIA double agent?

Anyhoo, my crystal balls tell me the crisis is now well & truly behind us. Why?

(1) Big Banks are getting bigger, thanks to overwhelming gummint support.

(2) Big Banks are becoming bigger stakeholders in many Oz stocks. Almost every major stock has a major bank or two as major shareholders. With all the cash handed to them via guarantees & printing presses, the Big Banks can & will buy up big name stocks big time, thus ensuring they become even bigger shareholders with even bigger control over those stocks and ensuing bigger influence on market direction.

(3) Big Kevin & his Big Bro Swannie are rumored to be getting ready to splash another Mega-BIG Fiscal Stimulus in the merry month of May Budget. It will be BIG spending for all!!

and finally...

(4) The BIG World Gee Whizz Summit has lots and lots of really BIG ideas that will spark a BIG rally in world confidence, markets and economies, thus bringing BIG smiles to everyone's faces.

See?

BIG optimism is all that is needed!

 

[Glen48]

From what I can work out it looks like the FX market stopped or slowed while the Gee 20? goes on..its like waiting for the Bomb squad to gives us the all clear.

 

[dhukka]

March Employment data out today, get used to sharp jumps in the unemployment rate:

• -34,700 jobs lost in March

• -38,900 full-time jobs lost, 4,200 part-time jobs added.

• Unemployment rate 5.7%, highest in five years.

More data and analysis here