The new RBA monetary statement is just like the old one.
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US quarterly GDP is at its highest point since 2014, but it’s unlikely to last for a number of reasons.
As with economic growth and wages, the RBA’s response seems to involve crossing as many fingers and toes as possible and publicly proclaiming that things are looking good.
A big increase in employment but the unemployment is flat. Addressing this will be a challenge as all our options have downsides.
A whole bunch of folks are on the wire, and if their housing payments go up they are going to struggle.
At least for the next few months, what happens overseas will be more important for the Australian economy than domestic factors
All eyes will be on how ASIC and APRA respond to the findings of the banking royal commission. Will they be defensive about past mistakes, or move forward with tighter regulations?
Chinese President Xi Jinping spoke of plans to further open up the Chinese economy this week - and the world economy should hope US president Trump feels vindicated by this.
The Reserve Bank is clinging to sunny GDP forecasts, but stubbornly low inflation and low wage growth mean even these look weak.
The construction sector works on a bit of a time lag. So there are a bunch of projects underway that were premised on the loose credit of recent years.
Statements from the RBA show it’s little wonder markets are not predicting a rate increase this year.
The data shows a tricky balancing act for policy makers. Interest rates will need to rise but too quickly could squash the recovery.
Weak Australian inflation and housing credit data mean the Reserve Bank is unlikely to move on interest rates.
The number of jobs might be going up but the real test will be whether wages rise too.
The odds are that we get through 2018 without war, mass capital flight, or a housing crash. But all the risks are medium probability, and the consequences could be dire.
Housing and wages loom as stubborn problems that could bring our economy unstuck in the year ahead.
Any number of implicit and explicit deadlines make 2018 look like a more eventful year than most.
The narrative that Australia has “transitioned from the mining boom successfully” seems a lot like wishful thinking.
Business conditions aren’t translating to confidence, despite growing profits and jobs.
Why is it that the US – which suffered a major downturn – seems to have a stronger economy than Australia , which did not even go into recession in 2008-09?
