ANZ is shedding jobs. Manufacturers, retailers, and banks are all laying off employees. Is there a general conclusion you can reach from those specific observations? The answer is “yes”. The common thread to all these job layoffs is the end of double-digit credit expansion in the Australian economy.
February 14th, 2012 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "credit growth"
Chinese Government Expected to Sign Off on Second Stimulus Package
Chinese bank lending and credit growth is already through the roof. Last year’s $685 billion stimulus program sent fixed asset investment in China much higher. It was, by most accounts, hugely supportive of resource prices, and thus most welcome in Australian resource circles.
December 4th, 2009 | Dan Denning | 8 comments | Continued
