Wanna bet on the release of the up and coming 1/4 results? $10k? Says 3 1/4's in a row
May well not be, anything less than a 7% decline in GDP will be recorded as a rise, and as Bill Evans from Westpac says, there has been a large uptick in savings rates by both households and businesses. This is eventually going to make it's way back into circulation, possibly the December quarter he argues. Particularly as 90% of the collapse in GDP for the June 1/4 has been attributed to consumer spending.
