by Stephen Roberts | 18 Jan, 2021 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Official and market Australian economic growth forecasts underestimated the speed and power of recovery through the second half of 2020 and remain at risk of overestimating how long it will take for the economy to recover to its pre-covid-19 growth trajectory. The...
by Stephen Roberts | 11 Jan, 2021 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
An old English saying relating to March, the first month of spring in the northern hemisphere, is “in like a lion and out like a lamb.” Early spring is often stormy, wintery, and bleak in England but gives way miraculously to new growth in the countryside and often...
by Stephen Roberts | 4 Jan, 2021 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Risk assets added to bumper gains in November in December completing a year that ran from deep losses early on to sharp gains for much of the rest of the year. The drivers of the extraordinary change in market sentiment during 2020 were the negative market influence...
by Stephen Roberts | 21 Dec, 2020 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Last week we wrote about the Australian economy finishing 2020 with a bang and broadening and strengthening economic recovery early in 2021. Those same sentiments were evident in Treasury’s Mid-Year Economic and Financial Review released last week with upgrades...
by Stephen Roberts | 14 Dec, 2020 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Australian economic growth is accelerating out of recession at a quickening pace forcing repeated upgrades of market and official economic forecasts. The RBA lifted its GDP growth forecasts for 2020 and 2021 in the August and November Monetary Policy Statements. It...
by Stephen Roberts | 7 Dec, 2020 | Economic Weekly, Laminar Economist Stephen Roberts, Market Commentary
Risk assets rose strongly in November spurred on by covid-19 vaccination progress, more evidence of the strong initial rebound out of the global recession and reaffirmation by central banks that they will maintain low interest rates and liquidity support much longer...
