I disagree....
Business confidence is now strongest since Oct 2003
Consumer confidence has just had biggest 4 month surge in 35 yrs
Bond yields were pointing to tough times
Job ads were down 15 months ago
House prices weren't rising much then
I don't give much importance of confidence as it hasn't got a a long term impact, what is the difference of confidence high now where future looks much better for business and consumer, then 15 or more months ago when things were good and was business as usual?
I don't know what do you mean with jobs ads?
here is the job ads news:
The number of jobs advertised in newspapers and on the internet rose 4.4 per cent in September, a survey from ANZ published today said.
It was the strongest pace of increase since December 2007 and followed a 4.1 per cent improvement in August.
Job ads had declined for 15 straight months between May 2008 and July this year.
...
But despite the recent pickup, Mr Hogan said total job ads "remain at low levels'', given they were still 44.9 per cent lower than at the same time last year.
But job ads is just data that comes few day earlier then unemployment so it is a leading indicator, unemployment data is much better data to analise, so we have unemployment that might stabilise much earlier then forecast, 15 or more months ago we had a very strong employment and skills shortage...
about bonds I don't know what you mean, yields are not going up, on the 10 year term they are going down for the last few months, for the 3 year term they are stable.
About home price data what was the y/y home price growth in July 2008? what is the Y/y growth rate now?
but more importantly, debt growth is very similar now then 15+ months ago, the main difference I see is the gov budget balance that was positive then and negative now, and business that found easier to borrow then then now.