by Stephen Roberts | 2 Jul, 2013 | Economic Weekly, Laminar Economist Stephen Roberts
The RBA left the cash rate on hold at 2.75% and there were only minor changes in the accompanying statement – references to household demand for credit starting to pick up and the welcome 10% currency depreciation since late April. The usual easing bias sentence... by Stephen Roberts | 1 Jul, 2013 | Economic Weekly, Laminar Economist Stephen Roberts
Risk asset were more volatile in June coming to terms with the firming prospect of the US Fed starting to taper its bond buying (QE) later this year as well as the prospect of a period of softer growth in China as the authorities work to tame residential property... by Stephen Roberts | 11 Jun, 2013 | Economic Weekly, Laminar Economist Stephen Roberts
The drivers of Australian economic growth are changing as the recently released Q1 GDP report attests, but the changeover is proving to be lumpy and at times a somewhat uncertain process. Uncertainty about the changeover is we believe a key reason why Australian risk... by Stephen Roberts | 4 Jun, 2013 | Economics, Laminar Economist Stephen Roberts
No surprise from the RBA today, they left the cash rate at 2.75% as widely expected. The accompanying statement was one of the briefest in recent months and indicated that earlier rate cuts and the now very expansionary policy setting are contributing to a lift in... by Stephen Roberts | 3 Jun, 2013 | Economics, Laminar Economist Stephen Roberts
Risk assets, including credit, were stronger through the first half of May, before suffering a sharp pullback later in the month. The early month strength was assisted by official interest rate reductions in several countries and most notably Australia where the...