'Uncharted territory' says the RBA, a phenomenon not seen anywhere in the world: a decent fall in house prices, solid growth in the economy, and falling unemployment.
Well, let's see, but employment growth still appears to be defying gravity for now.
Roy Morgan reported employment up by +408,000 over the year to November 2018.
Lots of part-time jobs in that total, though, and the latest new auto sales figures were a total bloodbath, with the New South Wales figures getting roundly hammered.
The final ABS update on the labour force for 2018 is due out next week, and will command a huge level of attention.