Stock markets in the US and Australia have been flirting with all time highs as the end of year rally continued into January but in China, the situation is not so grand. House prices and consumer spending are down again while stock market lows hav...
Learn moreAustralia’s renewable energy consumption grew by an average annual rate of 5.7% in the decade to 2021-22. In contrast, oil (-0.4%) and coal (-2.6%) consumption declined. Solar was the fastest growing renewable category at 29.8% followed by wind at...
Learn moreThe copyright to Peter Pan is now in the public domain. While Peter won’t grow up, we have economies that are not quite ready to slow down all the way! The soft landing didn’t happen in 2023 but still looks good for 2024. What happ...
Learn moreCentral banks are still waiting to see more data before declaring victory against inflation but it seems like the war has already been won. ”Happy Xmas (The war is over).” Even better, a soft landing still seems the most likely outcome for t...
Learn moreAfter raising interest rates at its November meeting, the RBA did not have enough information at its December meeting to justify any bold moves. A decrease in monthly inflation for October was encouraging and the large increase in the quarterly Wage Pri...
Learn moreAustralia has the tenth-highest Greenhouse Emissions (GHG) per capita in the world. Our top ten GHG emitters produce 45% of our emissions. Seven of these emitters are electricity producers (see chart below). The fourth-largest emitter, Origin Energy, is...
Learn moreWith the latest quarterly inflation data surprising on the upside, the RBA raised interest rates on Melbourne Cup Day “Without a fight”. Prior to the September quarterly inflation data, the market believed that another interest rate increase...
Learn moreWith the return of El Nino, conditions are hotting up in Australia. However, the US bond market is also feeling the heat with a sell-off leading to higher yields for longer-dated bonds. These are conditions not seen since the 1980s! Back in the People&r...
Learn moreOne governor leaves, another steps in, no change. In her first monetary policy meeting as governor, Michele Bullock kept interest rates unchanged at 4.10 percent. Interest rates are now on a knife edge with the RBA waiting on decisive data before ch...
Learn moreDr Lowe signed off with another pause in interest rates - no final pull on the interest rate lever! With a slowing but resilient economy, the RBA is comfortable to stay on the sidelines and observe. It did however join the international chorus of co...
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