It’s the threat that keeps on giving: Mike Shedlock puts inflation under the microscope: what is it, and how do we measure it?
Inflation
Wood: Interest rates must rise. Deal with it.
With a strong economy, low inflation and a rising Aussie dollar, a Cup Day interest rate rise is now almost a certainty. And so it should be, says Alan Wood: rates can’t remain at 50-year lows forever.
graph pr0n It’s about the housing shortage, stupid
Our biggest public policy problem is that we don’t have enough dwellings for people who live here, with an estimated shortage in 2008 of 34,000 dwellings. Plus, we’re importing people at a rate of knots.
Inflation: back on the agenda
With economic signals and market sentiment improving, inflation concern is back. It’s why today’s consumer price index (CPI) data is getting so much attention, says Malcolm Maiden.
Producer price inflation under the thumb
Producer Price Index figures released this morning show the global downturn has reduced price pressures in the Australian economy.
Deflating inflation scare tactics
A renewed era of runaway inflation isn’t likely to happen any time soon, despite what the more excitable pundits proclaim.
CPI dips to 11-year low, rate cut now certain
Consumer price inflation fell to an 11-year low in the December quarter, heaping pressure on the Reserve Bank to slash rates next week, writes Glenn Dyer.
Crikey Clarifier: The Aussie dollar
Arlene wants to know — if the Oz economy is so much better than the USA one, why has our dollar dropped so much recently against the greenback? Crikey has the answers.
RBA gives up on inflation, goes for growth
The world economic outlook has changed drastically since August, and so has the RBA’s focus, reports Glenn Dyer.
NAB, Harvey Norman see hardship in economic crystal ball
According to both NAB and Harvey Norman, 2009 will be a difficult year, but not a disastrous one, reports Glenn Dyer.
Inflation up, but RBA keeps focus on rate cut
Despite a big inflation number, the RBA is committed to stimulating demand in order to keep Australian from a nasty slowdown, writes Glenn Dyer.
Inflation hits 5% — do we need a recession to control it?
With the ABS reporting that inflation hit 5% in the September quarter, Crikey asked a group of economists if a recession is the only way of controlling it. By Thomas Hunter.
Rory Robertson a lone voice on why inflation is not the issue
If you’re in doubt about the problems besetting the Australian economy, read these thoughts from MacBank interest strategist Rory Robertson. By Glenn Dyer.
Morning Market Report
The highs and lows from today’s sharemarket.
15 July 2008 — the day the world turned?
On the same day Fed boss Ben Bernanke told the world that US interest rates had bottomed, something curious happened, writes Marcus Padley, publisher of the Marcus Today stockmarket newsletter.
Reserve Bank still shy of cutting rates too early
The continued slowing of the economy means we can expect a subtle change of rhetoric on interest rates from the RBA, writes Glenn Dyer.
10,000 457s a month keeping down inflation — and wages
457 visas are now being granted at a rate of more than 10,000 a month. In June, 1,200 of those visas took less than a week to process, writes Michael Pascoe.
Inflation kicks on, but rates will hold
Australian interest rates will be on hold for a while longer after the headline Consumer Price Index rose 1.5% in the June quarter, writes Glenn Dyer.
RBA relaxed on rates despite inflation concerns
Minutes from the Reserve Bank’s July meeting show continuing concerns over inflation but no real desire to bump up interest rates, writes Glenn Dyer.
RBA to hold fire on interest rates … for now
Interest rates will most likely stay put tomorrow thanks to credit figures received this morning, writes Glenn Dyer.
Boral price rises build pressure on RBA
The surging cost of oil has forced Australia’s biggest building products group, Boral , to boost the prices of its biggest selling products: concrete, cement and aggregates, writes Glenn Dyer.
Jobs market still buoyant despite slowdowns
No sign of any real deterioration in the Australian employment picture in April, writes Glenn Dyer.
Economics for Dummies, aka, trade union leaders
If Kevin Rudd and Wayne Swan are looking for some last-minute nation building initiatives to add the vision thing to the Budget, they could do worse than invest in some Economics for Dummies courses for trade union leaders, writes Bernard Keane.
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