- 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.
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!