Saturday The disconnect between the real market, including amongst other things, the design, manufacture, marketing and exchange of goods and services, and the stock exchange, has never been greater. Were the ramifications not so disastrous, the divergent trajectories of the two would be amusing. The stock market continues to soar, because the Fed creates billions … [Read more...]
Australian Employment
Thursday I pulled this graph out of an article that expressed concerns about the downtrend in Australian jobs. The graph shows job ads and, understandably, it has proven a reliable indicator for future employment trends.The article didn’t mention the cause of the drop. The Liberal Party dropped a vote-winning Prime Minister in a palace coup and elevated a left-wing … [Read more...]
Australia’s economy is likely to have slowed, the question is by how much?
Wednesday https://www.abc.net.au/news/2018-12-02/australian-economy-likely-to-have-slowed/10570146 The above article is from the ABC and, as usual, they best represent the out-of-touch with reality nonchalance of our ruling elite. Gross Domestic Product (GDP) is used as the measure of economic health. Essentially, GDP is composed of every penny spent; no matter how it … [Read more...]
Commercial Real Estate
Monday Commercial premises are built (or bought) with the expectation that they can be let to tenants at a rate that exceeds the construction costs (or purchase price), maintenance and rates and taxes. As more and more dollars are set aside to service the accelerating debt, so there is less and less to spend on goods and services. Thus, commercial real estate is … [Read more...]