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Here's a bit of news to continue the discussion of the likely economic environment in the next few months, which Housekeeper has put up at another thread: http://www.somersoft.com/forums/showthread.php?t=42918 It is an article by Ross Gittins about the low likelihood of stagflation in Oz...

I don't think the emerging job losses are based on discriminatory practices, rather it is the natural outworking of unwinding wages because of economy downturn in certain sectors where there are more women employees, ie part time work in retail, hospitality and tourism. I suspect any more IR...

Unemployment is feeding through from last month, a sign of containing wage rises, from measures such as skilled migrant intake, federal employment reduction and current sectors under stress from oil and IR rises, ie retail, hospitality and tourism. Only mining and agriculture sectors are open...

Note the analysis (extract below) by Westpac chief economist that this time the big drop in consumer sentiment is related more likely to the spiralling petrol price and not the IR: Westpac chief economist Bill Evans said spiralling petrol prices were likely to have been the main driver behind...

I think small business is starting to stop hiring and layoffs will start coming and showing up in the unemployment figures. I have noticed Saturday sales in my local Bunnings being down and recent advertised sales at rival Magnet Mart look quite competitive pricing. I have come across media...

Consumer confidence at 16-year low Sid Maher | June 12, 2008 RECORD petrol prices, fears about inflation and rising interest rates have sparked a collapse in consumer confidence to a 16-year low, as households suffer increasing fears about their finances and the potential for the economy...