I posted comments from the Australian Treasury Secretary John Fraser a little earlier
Yeah, this guy:
Big smile. I reckon he isn't wearing pants under that desk.
Amongst other things, he said the ABS jobs data may be a little stronger than actual due to survey issues
MNI have followed up, explaining (bolding mine):
Australia's labor market data looks a little better than would otherwise be the case due to technical issues relating to participants "rolling off" from the monthly ABS survey
Fraser's comment isn't surprising given the ABS has already said that participants who entered the survey in December versus the ones who left displayed a stronger tendency towards both participation and employment
OK, so far, so uncontroversial. Just about everyone wants to think the strong employment gains are all a statistical stuff-up and we are, in fact, doomed. :-D
But, what if "participants who entered the survey in December versus the ones who left displayed a stronger tendency towards both participation and employment" did so because, well, maybe the labour market is, you know, improving? Too contrarian?
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While I'm being contrarian ... and on another matter completely.
What about the 'other central banks are easing, cutting rates, going negative, etc., so when will the RBA do the same'? What about that one?
Try this on for contrarian ...
With the Federal Reserve tapering QE and hiking rates, when will the RBA hike rates?
Too much?
Flame away :-D
