when the asx jumped about 23 points after 2.30pm ?
a lot of reports coming out now confirms the slowing of the economy last quarter...................well I could have told them that, the housing sector had stopped, petrol prices took the shine off a lot of things, the construction industry almost at a standstill, and they raised interest rates to boot
most of the middle class and battlers do not have a money tree at the door, so something has to give
however the resources boom boosted govt coffers , and instead of reinvesting the money into infrastructure that is out of date by 30 years, and boosting employment, the baby booster treasurer gave the money to families to spend on the kids toys.
most of us have a clue whats going on, then to read something later about the govt's take on it, is a waste of time
its good for the doomsdayers, confirms their worst fears
cheers
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