Economic Rigor

The Goatameter continues to be proved right with 2/2 correct decisions regarding the Reserve Bank. This prediction isn't as comprehensive as the last one as pretty much every economist picked it. Still, not bad for a new model. Will see if I can three out of three next month.

The Reserve Bank meets again tomorrow to determine whether interest rates should increase or not. Again, not much doing using the Goatameter... Been some slight signs of recovery though. Unemployment still in the low 5's. Commodity prices have decreased over Feb. Spreads between 10 year bonds and indexed bonds have increased slightly to 2.43%, but still below 3. Based on these figures, the indicator is slightly up for interest rates. But for now, I believe the Reserve will hold it's powder dry and sit on it's hands. We will see tomorrow how right I am!