AI & CCX, page-9

But not so good in Aussie as various retailers report trading updates.
This week, Adairs and Michael Hill Jeweller are esentially stating that the April figures have fallen off a cliff.
I worry about the compunding problem of all those low priced fixed loans falling due and being renogiated from arund 2% to around 5% to 6% kicking off in July. Throw in another June interest rate rise and we live in interesting (recessionary) times.

Follow the manufacturers because they are the engine room of growth and you will find that Germany is officially in recession. China, Japan and South Korea have all reported big downturns in April with May expected to strongly follow suit. USA yet to publish their results.

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