Australian (ASX) Stock Market Forum

S.A. is in recession says ANZ, who's next?

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tech/a said:
My company is involved in Civil Construction both Commercial and domestic in Adelaide.
We keep a solid eye on market movements.
There is absolutely NO indication of even a slowdown.
Infact the industry as a whole is struggling to service works as it currently stands.
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I also have some friends in business tech/a and they're often my best source of info on the real deal. Some are in retail and they notice from week-to-week when its quiet. The sharemarket can be booming, I can be flat out at work with projects etc., and they'll tell me that they're worried because it's been unseasonally quiet.

Markets and economies are so complex and therefore still incredibly inefficient, even with our advanced information technology. At the end of the day, an economy is a massively unimaginable amount of money sloshing around and around. It might be real news to some people that a tabloid newspaper headline statistic has very little bearing on how much of that money will find its way into or out of your bank account.
 
reece55 said:
I'm with Tech - as an accountant in S.A., we have so much work, we are all behind, every department, there are no quality employees left - if you ask me, everything here in SA is very healthy!
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Actually, I second that, we were sending people from other states to SA because all the good people in the market were already taken.

Maybe Australia could cull a few journalists and economists, get them working in professions where they're needed?
 
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