Bill Evans has predicted no reason for our Reserve Bank’s board to administer any change to our official cash rate in April pending no dramatic change to our employment figures. Bill sights information from the Westpac – Melbourne Institutes consumer sentiment survey to support his position. Which brings me to a thought. Do these consumer surveys create a negative feedback loop? It reminds me of a Doctor / Patient conversation;
Doctor: So how do you feel? Patient: Not real good. Doctor: So, you feel sick do you? Patient: Well, yeah kinda.
Or is it just me? I’m beginning to wonder what external device will break this consumer hypochondria like psyche?