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An excellent cartoon from Mike Moreu: The main thing for me is the question of “what is the social benefit”. In part education increases the human capital of the individual, which is something that the individual should pay for, in another part education can be consumption (which the individual should pay for) and in a […]
6% aye. Higher than market expectations. Pretty inline with what we suspected here. After 18 months of recession the unemployment rate had to be higher, it just wasn’t making sense. Now it is. More details to come methinks.
I haven’t picked a number yet. I’m going 6.1% (seasonally adjusted). I know, that is a huge increase on 5% in March, and it would take us past Australia’s 5.8% rate. But unless I see the unemployment rate really moving then I don’t see this recession as (relatively) all that serious. Lots of people are […]
Given concerns about future retirement funding, I thought that this cartoon from the excellent Basic Instructions site hit on some important issues:
If the dollar incorporates correct expectations of milk price increases like this then I don’t think we should be banging on about it being “too high” (Not that I think we should bang on about it in the first place). I mean in terms of prices, aluminium has recovered strongly from its lows, beef has […]
The RBA just left rates unchanged and they said: Inflation is gradually moderating, given the earlier decline in energy and commodity prices, and the effects of weaker demand on prices and labour costs. Given the current prospects for demand and output, this moderation should continue over the year ahead. The higher exchange rate over recent […]