Doom and gloom on mkt is not reflected the massive job growth in real economy.
From todays SMH:
'An unexpected surge in the number of full-time employees last month is unlikely to stand in the way of an interest rate cut, economists say.
New government data showed full-time employment jumped by a seasonally adjusted 53,700 in July, a surprising strong result given a raft of recent data showing the economy is (apparently) slowing rapidly.'
