My take on the labour force data: Wake up RBA! The statement from the RBA that accompanied this week's 'rates on hold' decision had the flavour of a stock...
My take on the labour force data: Wake up RBA! The statement from the RBA that accompanied this week's 'rates on hold' decision had the flavour of a stock broking spiv - don't worry mate, things will be ok; it's just a bit of a blip in the unemployment rate and maaate - don't worry about wages growth at all time lows. Inflation? Ha it's right on target. Whoa! And commodity prices - well buster, they are still higher than there were when Jesus played half back for Jerusalem, so chill. And so it went. See: (VIEW LINK)
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Stephen Koukoulas has a rare and specialised professional experience over more than 25 years as an economist in government, as Global Head of economic and market research, a Chief Economist for two major banks and as economic advisor to the Prime Minister.
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