Underemployment Dives OZ Into Economic Recession...2.3 million...

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    Underemployment Dives OZ Into Economic Recession...

    2.3 million Aussies are either Unemployed or Underemployed!

    1.1m Unemployed = 7.8% of workforce...
    1.2m Underemployed = 8.9% of workforce...

    ScoMo & Josh are living in Canberra Bubble...

    http://www.roymorgan.com/findings/8195-australian-unemployment-estimates-october-2019-201911130611

    So, it's no wonder for latest Qtr:
    * Real GDP Growth = 0
    * Real GDP/Capita = 0
    * C component of GDP (= 60% of GDP + C+I+G+X-M) Growth = 0
    * I component of GDP = 0
    * Retails sales are worst on record
    * Car sales are tanking
    * $5.2bn Tax Rebates are not stimulating GDP
    * Falling Interest Rates to Lowest on Record did Zip to GDP

    What's Growing?
    * G = Gov't spending by 17% +
    * X = Exports-Iron Ore & Coal (yes, that "dirty" word-increasing, thanks to President Xi
    * Housing Prices, further warnings of Housing Price Bubble, thus CRASH
    * Stock Market-ASX- new records, further warnings of ASX CRASH

    Enjoy X-Mass...

    2020 bubbles will come home to roost!
 
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