I'm on the lookout for yowies and recessions.
I reckon I am more likely to see a yowie than a recession in Australia.
And look at the data in the last 48 hours - retail sales KOBOOM!
Job vacancies - Fly me to the moon!
My Two Minute take
#China suspends youth jobless data after record high readings. The decision announced shortly after the release of weaker-than-expected factory & retail sales data sparked rare backlash on social media amid growing frustration about employment prospects in the country. https://t.co/M6v7bfp6jd
After easing financial conditions via a series of covert actions, monetary leaders can no longer pretend to tighten. The dark side of Quantitative Tightening (QT) has been unleashed, not by the Fed itself, but by the U.S. Treasury. The Stealth Liquidity Squeezeโข is here... 1/