We live in strange and contradiction-laden times. What could be the best possible piece of economic news we might receive today?
That housing starts slumped in March: ABS figures show that total dwelling approvals fell 5.7%. Hoorah! Renovations are down by 7%. Bravo! Hats off to the Reserve Bank! Rates on hold … inflation slain, ring the bells. If we’re really lucky we might even get a rise in unemployment. Just a little one…
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