VIEW: More from the previously outlined.........>

RBA: VIEW: More from the previously outlined McCrann article (released over 12

hours ago): "Even an opposition surprising us all by behaving responsibly is now

not going to stop - at the very least - a second rate cut. And the odds of it

being delivered immediately, in July, shortened dramatically into Wynx-territory

after yesterday's unambiguously and decidedly unwelcome weak GDP numbers. Only a

seriously strong jobs report on Thursday week now stands in the way. A seriously

bad report could deliver a 50-point cut. There was no way to parse the GDP

numbers as other than awful... It makes it all-but impossible for the RBA to

reach its - continually revised down - very ordinary 1.7 per cent GDP growth

forecast for the June year just ending. It would need quarterly growth to double

from March's 0.4 per cent to 0.8 per cent. It will also take a miracle economic

rebound for growth to come near the 2.6 per cent RBA forecast for the 2019

calendar year. That would require growth rates of 0.7 per cent in each and all

of the June, September and December quarter."