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clock Created with Sketch. 03/07/24
11:34
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Originally posted by Reaper11:
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The economy's probably strong. I base that on the most scientific measure there is: how many people are out on a random night in Melbourne. I went out a couple of Tuesday's ago, on a typically cold and bleak night and the city to my amazement was teeming with people, despite reports suggesting that residents of Pyongyang are better off than those of Melbourne. House prices rising 15% in a year in Brisbane, Adelaide and Perth. Time for the RBA to slam the brakes!
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Turns out how many people are out on a cold Tuesday night in Melbourne is an excellent barometer for the strength of the economy. Retail sales up 0.6% in June. Rate rises incoming!
