As we know, according to the happy idiots at the RBA and Treasury, the futureboom in consumption is going to drive economic growth towards an above 3% trend growth over the next few years. The only problem is nobody told the consumer, if ORL is anything to go by:
Then there is this:
Wesfarmers chief executive Richard Goyder’s decision to pull the pin on the Officeworks float is another blow for Australia’s initial public offer pipeline.