There's no doubt that the turning point is more obvious now and the signs of a further slowdown are clear.
More Quotes from Craig Ebert:
It's very hard to describe an economy with the lowest unemployment rate in the world as in recession.Craig Ebert
The presumption that inflation will naturally recede to the middle of the target band seems a courageous one. Inflation is likely to be higher than many expect over the coming year or two.
Craig Ebert
Forget the interpretations of recession. We're still talking about a relatively stretched economy. There is no justification for the Reserve Bank to abandon the firm interest- rate outlook.
Craig Ebert
Wage inflation works with a lag and is going to stay high. It's hard to get too bearish about the outlook for spending growth.
Craig Ebert
It's a real issue for the central bank when they are trying to keep the cash rate up, most of the forward pricing in the interest rate market tends to slip, and it's frustrating.
Craig Ebert
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