Australian Economy

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	Australian Economy

proftrader

10-18-2007 9:17 PM

203 views

tags:

australian economy, economics

proftrader says:

Interesting revelations about the Australian economy

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5085e1c4-9d11-46e4-a28a-d87b918c120d/4CE046C2-3DF7-4F91-9490-DC4B7F11900A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.mysharetrading.com/2007/10/18/booming-australian-economy.htm" href="http://www.mysharetrading.com/2007/10/18/booming-australian-economy.htm" style="font-size: 11px;">www.mysharetrading.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mysharetrading.com/2007/10/18/booming-australian-economy.htm">Australian Economy</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mysharetrading.com/2007/10/18/booming-australian-economy.htm"><P>
The Australian sharemarket as well as international stockmarkets have been in bull mode for a while. The twentieth anniversary of the 1987 stockmarket crash is today: October 19th. The Australian economy has seen four years of continuous growth. So what's going to happen to our booming Australian economy? What are all these signals telling us?</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.mysharetrading.com/2007/10/18/booming-australian-economy.htm">There may be a looming Australian interest rate rise on the boards. UBS senior economist Adam Carr expects interest rates to rise in February net year. "The retail sales data, the imports data, business and consumer confidence, all point that way," he said. "The pressure is for the Reserve Bank to tighten." Citigroup's director of economic and market analysis, Stephen Halmarick, is tipping the 7 percent interest rate level by early next year.He notes the key "pressure points" as rents, home building costs, food, electricity and petrol prices. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/4CE046C2-3DF7-4F91-9490-DC4B7F11900A/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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