Bullock’s predictable problem in an unpredictable world
The confusion roiling global markets won’t end, but Australia’s rental crisis is a more fundamental imbalance of supply and demand. It means the RBA governor’s job won’t get any easier.
The market is back to grabbing at glimmers of bad news as hints of good news.
The ASX and the Australian dollar crawled off their 11-month lows on Thursday, mainly due to monthly jobs data suggesting a hot US jobs market looks to have cooled a little in September.
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Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
