We live in such an interconnected world that when a major economy like America gets the jitters, often those are passed onto Australia.
As they say, when America sneezes, we catch a cold as a gentleman reminded me the other day.
Often we look at the unemployment rate and other indicators to help us predict what’s in front of us. Here’s a very interesting video on two things:
1. The importance of transportation data when looking at future patterns in the economy.
2. What the current figures suggest about America avoiding a double dip recession.
The big concern that we spoke about at the start of the year was America moving into a double dip recession in the second half of this year.
The American economy whether we like it or not, still has a big impact on the Australian economy as a whole. This is an interesting video if you have 5 minutes to spare.