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Points for Reply
Dear Louzhu:
Your message is not a round of news. Frankly, the corporate is seriouly considering its personnel budget in recruitments, but this is not a signal for an overall job cuts in various industries. Financial crisis makes the profitability of investment banks, and corporates who heavily depends on export slim, the scale of economy is heavily shred, this why the Ai make such an annoucement.
The FX show a ever high volotility of Aussie, cause of foreign capital who is taking carry trade is very caucious on the long position in Aussie bonds, but will the crisis/ case squeeze in capital trigger the cash hunger in industries, it's far to a confirmed answer.
Auctually, the job places surged unexpected on the news of 3 quarter interest cut, after which the IR sustain its 3.5 year low, a comfortable cushion for Aussie economy, and the further IR cut wil be introduced in coming months.
Australian economy is interdependent on European and Asia pacific, but the domestical demand for service is also very strong thanks to government's tax cuts, home buying grants, and government spending.
So, no worry, we will see. |
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