The RBA minutes confirmed theres little chance we'll see rate hikes anytime soon. That really is the bottom line to the report, which most people were...

Jordan Eliseo

The Perth Mint

The RBA minutes confirmed theres little chance we'll see rate hikes anytime soon. That really is the bottom line to the report, which most people were expecting. A report or more interest was the latest DFP Mining and Resources job index, which showed another fall, this time of 2.5%, to be nearly 10% lower for the quarter. Whilst Queensland has stabilised, the news continues to get worse in the West, with a 15% reduction in roles advertised lately. Considering over half the total roles in the industry are in the West, this has national implications for our unemployment rate. Whats worse, temporary and contract work, as a percentage of the total, continues to rise. Note this is as occurring as a glut of Perth apartment and office buildings come to market, and before the mining capex cliff truly hits. We'll see a 2% cash rate next year Full report here (VIEW LINK)


Gold bull since early 2000. Have spent +20yrs working in investment analytics, research & portfolio construction. Author of two books on investing in gold and the causes of the GFC. Lover of markets, competition & technology

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