Gloomy Economic Indicators
Here in Australia there are a few worrying signs beginning to appear on the economic horizon.
A well-known home-loan lender announced on Friday that he considered the real estate boom to have finished and house prices were beginning to fall. His advice was that if you were thinking of selling then now was the time to do it because the decline could continue for some years to come.
A new survey shows that the number of jobs in New South Wales that are advertised on the Internet has fallen for the first time in six months. The number of jobs advertising in October in New South Wales fell by 3,200 wikth the worst hit areas being accounting, administration and information technology.
The ANZ suggests that there has been a further modest incrtease in newspaper employment advertising around Australia but experts suggest that the figures indicate a slowdown in job growth is coming.
The Reserve Bank of Australia sees a greater risk of inflation increasing and suggests that the likelihood of a rise in the official interest rate has increased.
Similar trends seem to be occurring in the United States so the economy is somthing to watch at the moment.
