by Stephen Roberts | 20 Dec, 2021 | Economic Weekly
We view early 2022 as a make-or-break period for the world’s major economies, including the Australian economy. Most major economies are leaving 2021 and entering 2022 with strong growth momentum built largely on the highly stimulatory policy settings of most...
by Stephen Roberts | 13 Dec, 2021 | Economic Weekly
Financial markets took in their stride the news on Friday that US annual CPI inflation had climbed to a near 40-year high 6.8% y-o-y in November. The richly valued S&P 500 rallied to a new record high while the US bond market was unperturbed. The prevailing view...
by Stephen Roberts | 6 Dec, 2021 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Risk assets gave up ground in November after a strong start to the month. Ample evidence in data reports and surveys of continuing global economic recovery was tempered by concern that resurgent delta variant infection rates in the US and Europe in particular might...
by Stephen Roberts | 29 Nov, 2021 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
The global economic recovery undulated during November with evidence of mostly soft GDP growth in Q3 but with stronger monthly economic readings late in Q3 and in October. The promise of renewed strong economic growth, however, came amid signs that higher inflation...
by Stephen Roberts | 22 Nov, 2021 | Economic Weekly
The Australian economy is more than a month into the rebound after the lockdowns in New South Wales, Victoria and the ACT but most of the official economic data releases due over the next 10 days will look backwards to Q3 reflecting the worst of the damage to economic...
by Stephen Roberts | 15 Nov, 2021 | Economic Weekly
Last week we wrote about the shift in monetary policy over recent years from preemptively attacking the first signs of inflation to reacting to inflation once it is established in the data. The shift in policy thinking by central banks came in the latter years of the...
