Checkout this chart from the RBA website. Its about Australia's productivity and labor costs and means more inflation is coming.
The blue line shows how labor costs (or wages) in Australia are going up and the orange line shows how productivity is going down.
This means we need more rate hikes and a recession badly to flush out all the bludgers in the workforce, or else we can expect inflation go up like it did in the 70's..
https://www.rba.gov.au/publications/smp/2024/feb/economic-conditions.html
- Forums
- ASX - By Stock
- XJO
- XJO - Bear Posts only (Factors which might cause the markets to fall)
XJO - Bear Posts only (Factors which might cause the markets to fall), page-15747
-
- There are more pages in this discussion • 2,697 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,334.8 |
Change
51.600(0.62%) |
Mkt cap ! n/a |
Open | High | Low |
8,283.8 | 8,349.7 | 8,283.8 |
Featured News
XJO (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online