the bell is tolling!
[economics/ ] [Permalink]
Two related news stories today in the wake of the ridiculous decision by the Federal Government to continue in surplus in the coming fiscal year. If you want my opinion on the budget by the way go to http://e1.newcastle.edu.au/coffee. Story 1: Australian credit growth slows; Story 2: unemployment rate rising.
The National Australia Bank has indicated that it expects credit growth to moderate in Australia over the coming year. This will be in line with "with slower domestic demand." The Sydney Morning Herald reported that NAB CEO "said he agreed with the view from ... [ More ...
Posted on Thu, 11 May 2006 05:13 by bill (970 day(s) old)
