Worries in Aussie?
Is Australia heading to recession? Some said next 3 months are crucial…
Think of it like this: we are in a car that has been braking sharply as a result of higher interest rates, higher petrol prices, diminishing household wealth and fear of what might lie ahead. Now the car has slowed sharply, the question is whether we, the decision-makers of the economy, keep our foot on the brake, and slow down even further, or release it to keep cruising at our present speed.
The Reserve’s goal was the latter: if Australia’s growth in output slows to about 2.5% — 2% excluding farms and mining — it believes inflation will gradually crawl back within its target zone of 2% to 3%.
Are the decision-makers, the good driver? Not too sure.
From the desk of Tradergav.com
My netvibes page
This post has 2 comments
August 3rd, 2008
Quick question Gav,
Am looking at point and figure charts, have you ever used them? do you know of any good sites etc to get p&f charts online?
Hope all goes well,
Gav
August 3rd, 2008
I don’t use P&F chart now. For forex, I remember VT Trader provides P&F chart in the software.
Check it out.