Minack: The one indicator I’m watching

Livewire News

Livewire

Gerard Minack has given a comprehensive interview to the ABC covering recession, politics, property bubbles, equities and Greece. Minack says Australia is unlikely to see a recession this year but it is still on the cards for CY16/17. “The one indicator I'm watching I think, stands head and shoulders above everything else, is employment. The underlining fundamentals remain weak but, to tip us over the edge from this sort of low growth phase we've been in for 18 months, you really need job losses.” Minack says that CAPEX decline, a deteriorating car industry and the strength of the retail sector will be critical for the employment outlook. “I'd actually be quite surprised if we avoided recession given the size of the adjustment we have to go through over the next three or four years. Australia's not ending a once in a generation boom. It's ending a once in a century boom.” Click here for the full interview and transcript (VIEW LINK)


1 topic

Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment