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Storm Of Negative Interest Rates Looms, 25 Million Aussies Left Without Umbrellas!, page-27

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usc75

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19/09/19

19:12

Post #: 40486057
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Originally posted by usc75: ↑

Today's Economic Data is Not Good:
* Unemployment UP to 5.3%
* Underemployment UP to 8.6%
* Underutilization Rate UP to 13.9% (sum of above)

All heading in wrong direction for RBA Governor, Philip Lowe.

* Budget in Phantom Surplus with 2018-19 Fiscal Surplus of just $690m

So, money's on more interest rate cuts, a dose of QE, and...???; all of which are unlikely to reduce above jobs data, increase Real GDP.

Meanwhile, Per Capita Real GDP continues to fall.

https://www.bloomberg.com/news/articles/2019-09-19/australian-jobless-rate-rises-as-workforce-swells-to-new-record?srnd=premium-asia

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Apologies... Fiscal Budget was actually -$690m...A Deficit...

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