Haha and both eurusd and eurjpy keep going up Let's see what will happen to this imaginary recovery when the French and Germans can't export their cars and the eurozone is flooded with Japanese cars....

Eurozone retail sales continue to decline in December

There won't be profits to be made with a strong EUR. Its all about pricing. The weak EUR is what kept German manufacturing competitive. Who are they going to sell their cars to when people are scared to spend money fearing unemployment and a large % ...

BUBA’s Weidmann: ECB must raise rates in time if inflation pressures mount

I wonder what he is going to do. Increase taxes? As unpopular as it sounds, people can afford to pay more tax. Previous Governments were lowering taxes during the big surplus years so perhaps it is now time to increase them? On the other hand ...

MYEFO expected to reveal $120 billion budget deficit over forward estimates

Imports fell and that's the reason for the surplus. That's what happens when people stop spending money. The figure looks good at first but it is not a good sign because lower consumption means that governments will be collecting less taxes.

Euro area international trade in goods surplus 17.2 bn euro

I can't see where the growth is going to come from. The EUR has gone up in value significantly so exports are more likely to reduce NOT increase. Unless they are counting on increasing migration from the other EU countries.....

Germany's Bundesbank Expects German Economy To Expand Strongly In Q4/Q1

Is he talking in his sleep? LOL Its middle of the night here

RBA's Stevens says Australia needs A$ closer to 85 U.S. cents

Some of those people will just have to relocate where there is work. Our company in Sydney is employing people for 2 large projects we'll be starting in January and we're bidding for more work so by the time we finish these 2 projects there will be ...

Australia Labour Force

A China default? This must be the joke of the century....

First China Default Seen as Record $427 Billion Debt Due

It is because many companies close down for the summer holidays from mid Dec to mid January. The December 2012 figure was -2.9% Also, none wants to employ people and pay them for the Christmas/new year public holidays

Job advertisements weaken: ANZ

I could argue the point but I can't be here all day so let's look at Housing growth which feeds into spending in retail, ( Hardware stores and others, new furniture, new Appliances, flooring, light fittings, window fittings etc etc) And what do we ...

Australia International Trade in Goods and Services

Nah mate it has been growing but not as fast as before. The future is not looking too bad, consumer confidence is up, business investment is up, finance is up, mining is doing fine and new housing construction is increasing. You can short the Aussie ...

Australia International Trade in Goods and Services

Message to the Bears who complain: Selling the bottoms of a range isn't the best strategy but its up to you.....

Australia International Trade in Goods and Services

who says its not? I suggest you take another look at the growth figures.

Australia International Trade in Goods and Services

What did you expect? Those holding AUD's will add to their portfolio when buying opportunities such as this come along

Australia International Trade in Goods and Services

Great, they can write them off and eliminate 1/3 of the US Debt

The Fed Now Owns One Third Of The Entire US Bond Market

I doubt this very much. Housing construction is increasing and business expansion is evident by the reported numbers BUT mining production is expected to increase as well. Don't take my word for it, read for yourself. url

Housing bubble 2.0 can only end badly

Mike Chinese made products are nothing like they used to be so don't count on the quality of their guns. The question though is, why would China get involved in a conflict with its neighbors? The monetary cost will be enormous but more costly will ...

Chinese flies fighter jets into disputed zone; Japan remains defiant

And what happens with company income? It becomes dividend, tax or reinvestment and in all 3 cases money is flowing into the Australian economy

Australia Private New Capital Expenditure and Expected Expenditure