QANTAS sacks 5,000 and Capex numbers tank

QANTAS sacks 5,000 and Capex numbers tank. Like 2006/2007 when they hiked into the oncoming GFC, and again in 2010, the RBA has badly misread the underlying weakness in the Australian economy. In no particular order - Commercial vacancies are rising - Employment is weak - Wages growth non-existent - Tradable inflation rising - China and Japan (our major trading partners) showing signs of stress - Businesses still uncertain around hiring and investment - Household debt still at record highs Some business surveys have improved, net exports will hold up if not strengthen, retail sales for last 3 months have been OK, building approvals look good and there is definitely a wealth effect, but the Australian economy is in serious trouble RBA will be cutting this year again, and 2% rates are a lock IMO. Full report here (VIEW LINK)