Comments on: Recession? What recession?

By: MichaelT

MichaelT — Fri, 07 Aug 2009 08:00:12 +0000

I’ll believe this outbreak of optimism when we see robust signs of a revival in consumer demand in the US and Europe. China cannot save us without this demand-pull on their manufacturing sector, which will otherwise stagger into overcapacity. There are bubble-like tendencies developing in China now. If China falters - then God save us all! (if he exists).

By: Tony Richardson

Tony Richardson — Fri, 07 Aug 2009 07:12:03 +0000

Are these the same experts that didn’t see the GFC coming and raised rates as it was starting?

By: David Thackrah

David Thackrah — Fri, 07 Aug 2009 05:57:56 +0000

If you were sipping coffee in the RBA refectory wondering about interest rates one would imagine the cost of money is rising as the government at all level sops up funds that are borrowed. Thus we should expect an interest rate kick which will cut down excessive borrowing and also cause the AUD to get a “heads up”, making exporting dearer.