Posted to The Age (22/7/2015) on 22/7/2015 at 5:47PM
Commenting on "RBA's Glenn Stevens: Australia may need to rethink growth"
http://www.theage.com.au/business/the-economy/rbas-glenn-stevens-australia-may-need-to-rethink-growth-20150722-gihsvm.html
Policy makers, their advisers and researchers should get their backside off their chairs, in their ivory towers, drive along some shopping strips, around commercial and industrial parks, look up to some of commercial buildings and count the number of For Lease and For Sale signs. I doubt even taking their socks off, they still do not have enough digits to register the number.
The definitions of unemployment, under employment, participation rates are very woolly. Who determines the factor for seasonally adjusted statistics and how it is derived? Glenn Stevens and some economic experts could probably get better results by consulting an octopus or a gypsy.
Many seniors cannot find employment, and with their precious little, some venture into running a business so that their sanity stays intact. Unfortunately, these former employees of some companies do not have much idea and understanding of the complexity in running a business, and most of them will fail.
It is not a matter of increasing or decreasing by 25 points. How will such increase or decrease affect the life of the general population at large? God Save Australia!
Commenting on "RBA's Glenn Stevens: Australia may need to rethink growth"
http://www.theage.com.au/business/the-economy/rbas-glenn-stevens-australia-may-need-to-rethink-growth-20150722-gihsvm.html
The definitions of unemployment, under employment, participation rates are very woolly. Who determines the factor for seasonally adjusted statistics and how it is derived? Glenn Stevens and some economic experts could probably get better results by consulting an octopus or a gypsy.
Many seniors cannot find employment, and with their precious little, some venture into running a business so that their sanity stays intact. Unfortunately, these former employees of some companies do not have much idea and understanding of the complexity in running a business, and most of them will fail.
It is not a matter of increasing or decreasing by 25 points. How will such increase or decrease affect the life of the general population at large? God Save Australia!