Thursday, September 12, 2013

But I thought...

...the Paper Dragon was to grow indefinitely and create a rising tide for all its suppliers, ad infinitum.  The race is on folks.

Australia suffered a surprising drop in employment in August that pushed the jobless rate up to a four-year high of 5.8 percent, a disappointingly soft report that revived the chance of a cut in interest rates and knocked the local dollar lower.

The currency skidded by almost one U.S. cent as Thursday's data from the Australian Bureau of Statistics showed employers shed a net 10,800 workers in August, well below forecasts of a 10,000 increase and a second straight month of losses.

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