Lessons from the October 1987 crash, page-6

  1. 17,482 Posts.
    lightbulb Created with Sketch. 1
    Simply put at the current levels of interest rates in Australia you know there is something seriously wrong with the figures being put out by the government and the way the market is about to make new highs.

    If the economy was doing as well as the government says then the RBA would raise rates, they cant and they wont or they will smash an already weakening property market.

    There is a big contradiction between jobs numbers and underemployed as well. IMO the governments figures are massaged by a SUMO to give the required figures.

    Think about this. The government touted that 50,000 new full time jobs were created last month. Then the figure on jobs to be lost in total by the car manufacturers closing down was 50,000. Coincidence? Not likely in the political arena the only coincidence imo is when they do something for the actual betterment of the people.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.