First, my thoughts and prayers are with the people of Townsville and North Queensland in this challenging time of heavy rain and flooding. Second, below is a slide show (with commentary) I’ve recorded on the economic news of the last week, including Deloitte Access Economics’s optimistic economic outlook for Queensland, strong US jobs growth, and continuing low inflation in Australia which is contributing to speculation about an interest rate reduction later this year.
You can book for the upcoming Queensland Major Contractors Association breakfast I mention in the video here:
Good presentation however the ‘thoughts and payers’ don’t work. This has become a horrible cliché reflecting the worst of the USA. Please leave it behind and find something better.
Thanks for the comment Mark. Fair point.
Gene I think our current situation in Townsville should provide a very interesting outcome in the unemployment numbers for the town. There will be so many common jobs available in Townsville when the water subsides for months, from labourers to tradies, car detailers and repairers, valuers and assesses, retail trade for appliances, clothes, household items, the list goes on and on, if anyone in this town is on unemployment benefits in a months time they should seriously be kicked off immediately, they are just having a bludge.
Thanks for the comment Glen. Yes there will certainly be a large clean up job.