common guys Since interest rate hikes our consumer confidence index is going down and down. This week NAB's CCI was lowest in many years. Same thing with housing industry. Retail and housing are two major industries after mining and they are continually declining. Guess what mining is providing only 5% employment who are better of with mining boom. Two speed economy means 5% Vs 95%. Do you thing 95% are better off with interest rate hikes? because 5% are benefited with boom. In spite of all the negative indexes for housing and retail, Glen still warns of interest rate rise. Does he want a recession?
DJS Price at posting:
$3.15 Sentiment: None Disclosure: Not Held
