Glenn Stevens offered a different perspective on the “two-speed economy” yesterday. But there’ll still only be one result from the mining boom.
RBA
The hidden political perils for the RBA
If the Reserve Bank tries to compensate for the looming mining investment boom by bashing the heads of those who live in the major cities, the unstable political situation will become even more unstable, writes Business Spectator’s Robert Gottliebsen.
Keane’s Talking Points: Oooooh Julia and Wayne are on the bus!
Yesterday’s stunt of joining the press bus paid off handsome dividends for the Prime Minister as she had her best day of coverage since early in the first week.
Coalition announces new round of savings
It seems increasingly clear the Coalition’s economic policy for the election is to continue its scare campaign on debt and deficits and hope Australians are economically illiterate enough to connect a possible interest rate rise by the RBA in two weeks with Labor’s economic policies, writes Bernard Keane.
Business As Usual: Ireland emerges from recession … US housing sector is cactus …
A growing economy has led Ireland out of recession, the housing market in the US is still in a bad way and the Slovakia government is a new worry for Europe.
RBA: still risks aplenty coming from offshore
Just as global markets staggered for a third day this week after the technical fault-driven shock of a 900-point fall in the Dow, the Reserve Bank has highlighted the risks still coming from offshore.
Business As Usual: Housing on the up … Reserve Banks nostalgia, back to 07 … retail slump spreading …
The RBA sees cash flooding through the economy over the next year … Retail sales have had the brakes applied … Goldman Sachs lawsuits … Lottery tickets and cars are big hits in China …
Business As Usual: Skilled CEO to step aside … The Fed closes ranks … CPI confirms Reserve reservations …
Rising jobs numbers, house prices, retail sales and car sales have made Americans more confident … With the UK election looking very close, watch UK bonds for any sign of a raid or sell-off …
RBA minutes: prudent not to hold back on rate rise
Could we be on the cusp of more interest rate rises than we thought from the Reserve Bank? Minutes from the latest board meeting suggest it would be “prudent” to be on alert.
Business As Usual: Macarthur Coal stands firm … recovery may be running out of steam … no commodity bubble in sight …
The Fed’s minutes reveal there are fears the recovery may run out of steam later in the year … commodity prices are rising and no, its not the bubble we saw two years ago … China’s economy will start slowing this year, while Greece is still a basket case …
RBA chief takes tough line on countries with big debts
Is the Reserve Bank tiring of the way some Opposition politicians and some in the media use comments made about other economies and misleadingly apply them to Australia?
Business As Usual: Business as usual: while the RBA talks stability, US banks still falling over … pay freeze for Murdoch staff
The RBA will be talking stability later this week … US banks continue to bite the dust … Murdoch has a big win over the union in New York … Greece continues as a basket case … and Germany has a debt blow-out
Key surveys have our economy surging
Key surveys from the ANZ and NAB show a very strong February for business conditions, business confidence and job ads.
Political snippets: A pleasing growth result
Even the economic pundits can be pleased with this morning’s GDP figures released by the Australian Bureau of Statistics. Plus, no evidence of inflationary pressures yet and good news for any new Premier.
Business As Usual: Saving Gunns … billion dollar Toll … where you should live
Time for a bailout, there’s an election in Tasmania and one federally this year and the biggest flashpoint in the state is Gunns’ pulp mill. Plus, paying the toll at Toll and RBA watchers pay attention.
We’re not out of the woods … yet
With the stimulus packages fading, it’s not at all clear that the economy is going to spring back to normal growth. Good luck framing the next budget.
Property boom could get ugly for buyers … and the government
The Australian property market has continued its merry march skywards. If the music stops, it will get very ugly for taxpayers and young buyers sucked into purchasing their first property.
RBA could take a rest from interest rate rises in 2010
Minutes of the latest board meeting of the Reserve Bank give the distinct impression that the central bank may be preparing to take a break from raising interest rates in 2010.
Westpac can’t be bothered defending the indefensible
There is no excuse for Westpac raising domestic mortgage rates yesterday. The move was nothing but a grubby grab for cash, dressed up with the usual banking bullshit about cost pressures.
web exclusive The Reserve Bank’s rate rise hat-trick
The Reserve Bank has lifted interest rates for a record third month in a row, with the cash rate being raised 0.25% to 3.75% this morning.
Morning Market Report: Market, Wall St up as RBA set to meet
An RBA meeting today. Will interest rates rise? Will recent events in Dubai hold a rise at bay?
RBA should keep its powder dry
Seventeen of 18 economists surveyed last week said they expected the RBA to lift rates by 0.25% to 3.75% tomorrow. But credit figures for October actually tell us there’s no reason for the central bank to change rates at all.
Get ready for an RBA rates ramp up
The Reserve Bank will continue to lift its key cash rate as long as “economic conditions evolved as expected”, the minutes for the last board meeting reveal.
Forget the pundits, this jobless data is positive, rates will rise
Forget the media reports; the Australian economy has created over 65,000 jobs in the last two months: pencil in a December 1 rate rise from the RBA.
RBA lifts growth forecasts as economy on the up and up
The Reserve Bank has lifted its growth forecasts for the Australian economy and made it clear that interest rates will rise as the economy resumes its expansion.
