holding up niceley, page-23

Spot on Lapdog.... I pride myself on economics, but when you see these sort of reactions it makes you wonder.

Personally, I am a great believer in GDP. That is my barometer of a nation's health.

Today's GDP is fantastic. Any corrective action by the RBA should be to keep it where it is, not destroy it in the name of bringing inflation to heel. That's what they have done in the past.

IMO central bankers are usually too slow to correct, and then go overboard with baseball bats when they do.

Healthy GDP's give people jobs, security, spending power and empowerment generally....even if prices are a little on the high side.

But back to today....

Yesterday retailers got an absolute battering despite no change in interest rates.

Today GDP and dollar's rise would indicate a rate rise ahead --- but retailers and financials have rebounded.

Beats me. Surely markets don't lag THAT much?

Sorry for the rant.....