Tag Archives: interestrates

What’s going on with the Aussie dollar – my latest video

Morgans Chief Economist Michael Knox wrote a great note a couple of weeks ago on Why is the Australian dollar so strong. It’s a nice, clear description of what’s been happening to the Australian dollar in recent months. Michael concluded … Continue reading

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QEW week that was video – coal, negative gearing & the economic outlook

Posts from me and other commentators mentioned or alluded to in this video include: Housing industry round table with Treasurer Frydenberg at Parliament House Latest Qld wages growth and Qld labour market summary from Nick Behrens WTF happened to BNE-CNS? … Continue reading

Posted in Cairns, China, Climate change, Housing, Uncategorized | Tagged , , , , , , , , , , , , , , | 1 Comment

Qld: hot or not? My presentation at the Brisbane Club on Wednesday 6 February

It was a great day to give an economic outlook presentation, with RBA Governor Philip Lowe announcing a change in monetary policy guidance, from saying the next rate movement would most likely be up, to saying the cash rate may … Continue reading

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Michael Knox on why the RBA won’t hike interest rates any time soon

In today’s Financial Review, economics correspondent Jacob Greber observed: The RBA has gone more than seven years now without raising interest rates, the longest span since the official cash rate was introduced in the early 1990s. Indeed, on Melbourne Cup … Continue reading

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RBA making it up as it goes along

After a speech by Assistant RBA Governor Michele Bullock yesterday, there is speculation about the RBA pushing APRA to instruct banks to further restrain their lending to housing investors- strengthening the so-called macro-prudential regulation that has had only limited success … Continue reading

Posted in Housing, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , | 6 Comments

Recommended holiday reading: The Man Who Knew

The best economics and finance book of 2016 is undoubtedly Sebastian Mallaby’s masterful biography of former Federal Reserve Chairman Alan Greenspan, The Man Who Knew. Greenspan was the man who knew that superficially healthy economies, with steady economic growth and … Continue reading

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US recovery on track, while Australian economists wait anxiously for latest National Accounts

The latest US jobs data show an economy that is growing quite nicely, with 178,000 new jobs over the last month, and with unemployment falling to 4.6%, its lowest rate since the financial crisis (see chart below). However, the market … Continue reading

Posted in Agriculture, Macroeconomy, Mining, North Queensland, Townsville, Uncategorized | Tagged , , , , , , , , , , , , , , , , , | 2 Comments

New motor vehicle sales lower in Qld than before financial crisis

New motor vehicle sales data for April released by the ABS yesterday support the RBA Board’s decision to cut the cash rate on Budget day earlier this month, with sales down 2.5% in April nationwide, and down 7.7% in Queensland, … Continue reading

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Don’t miss 16 June Brisbane speech by RBA Deputy Governor Philip Lowe, the Bank’s next Governor

At a lunchtime event at Tattersall’s Club in Brisbane yesterday, after he predicted another interest rate cut this year in either June or August, Dr Chris Caton, BT’s Chief Economist, noted that “Interest rate changes are like cockroaches.” That is, … Continue reading

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Exciting week for economy watchers: State of the States, a possible rate cut, and the Budget

CommSec’s latest State of the States Report is out today, and, while I think its placement of Queensland in around the middle of Australia’s States and Territories (5th out of 8) is reasonable, I have some sympathy for Queensland Treasurer … Continue reading

Posted in Budget, Housing, Infrastructure, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , , | 2 Comments