Henry Thornton writes:
Henry Thornton’s Raff Report looks at various indicators of the behaviour of the US economy, Japan and China. The bottom line concerns the likely course of metals prices. As usual, Nick presents the facts and lets the punters work out for themselves how the wheel will turn. But it seems better news is coming for the US economy at least.
The OECD has predicted faster growth of the Australian economy as well as reiterating its call for more economic reform: “… the government should accelerate structural reforms to reduce the risk of capacity constraints proliferating.”
“World property prices on a knife-edge” reports the AFR. Australia – especially the East coast – is ahead of this curve, with more price falls to come.
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