Figures out in the US last week showed the unemployment rate had dropped to just 4.5 percent, a long way from the 10% rate back in 2009. Yet Donald Trump won an election, in part, because he was there to protect jobs for Americans. Phil Dobbie asks Prof Steve Keen What’s the problem when so many seem to be gainfully employed? The answer, it seems, is that you can do anything you want with statistics. Take a look at this graph to see his point: https://fred.stlouisfed.org/graph/?g=djl1
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Goodbye Sensis, Hello Opportunity
With Sensis extradited from Telstra, perhaps now they can start thinking less like a content player and more like Google.
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A piggy bank backed recovery
Markets have adopted a glass half full approach, says NABs Ray Attrill, as fears of a recession take a back seat. One factor could be people dipping into the considerable savings amassed during the pandemic.
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How long for a reboot?
Malcolm Turnbull likens an NBN reboot to turning around an oil tanker. So is it worth the wait?
