• Says Australia is benefitting from a fast-growing China
  • Says any decline in AUD provides a net economic stimulus
  • Difficult to know where the Australian dollar should be based on fundamentals

Nothing of surprise in those comments.

Earlier comments here

ADDED –

  • Sees unemployment rate staying elevated
  • Housing showing signs of renewed strength of late
  • People shouldn’t assume house prices will keep rising (thus making an ass out of u and me … amiright?)
  • Jobs data movement in the past 2 months were exceptional – labour market conditions are generally subdued

What is surprising is he is delivering his speech acapella using a little red cup as a prop. Nice one!