Archive for 'Economic News'
Will Bernanke control the inflation monster?
Posted on 31. Jan, 2010 by Global.
According to reports coming out of Washington on Friday, the nation that started the whole global financial kerfuffle has finally had a quarter of growth! 5.7 per cent pace of expansion in fact! News of this positive growth quarter (the best since 2003 and far better than the 2.2 % pace from the third quarter) [...]
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Business confidence “UP” – Consumer confidence “DOWN”
Posted on 10. Dec, 2009 by Anthony.
Great to see Business confidence up this week however after 3 rate hikes in a row it should come as no surprise that Consumer confidence has taken a huge hit over the last few months.. Data just released today shows our Australian Unemployment rate actually falling down from 5.8% to 5.7%…. More importantly we created [...]
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JOBS, JOBS & JOBS – Weekly Market Update
Posted on 07. Dec, 2009 by Anthony.
On Friday night the U.S showed us that they could be closer to turning back to positive growth again than most thought with their jobs figures strengthening to almost a positive reading, only 11,000 jobs lost last month and a steady halt to the Unemployment rate slide was all welcoming news… When we compare the [...]
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WHERE ARE RATES HEADING?
Posted on 02. Dec, 2009 by Anthony.
A quick Mid week report, especially after yesterday’s developments.. It seems while almost everyone was expecting Aussie interest rates to climb by another 25 basis points to 3.75%, no one was expecting Westpac bank to raise rates greater than the reserve bank and again a huge surprise by the amount too at 0.45%. This will [...]
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Finally Some Market Volatility – “What Next” ?
Posted on 30. Nov, 2009 by Anthony.
It is never good news when a major global company can’t pay its bills however I started to think – “ They owe $60 Billion U.S right now and at the rate the U.S dollar is falling maybe they can pay it back in 6 months time a lot cheaper maybe $50 Billion, after all [...]
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Quantitative Easing – Use it to YOUR advantage
Posted on 04. Jun, 2009 by Global.
Interest rates in Australia have not been as low as they are right now since the 1960’s, house prices have fallen, falling or come to a temporary stand still, we’re not paying anywhere near what we paid last year for petrol and most of us have free money in our pockets right now thanks to [...]
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Have the Banking Bulls run out of steam?
Posted on 12. May, 2009 by Global.
I’ve asked the question before….exactly what is a recession, apart from a vehicle to increase TV ratings and sell newspapers? Convince me otherwise, but I find the uptrend in many stock charts more than coincidental with the return of news headlines focussed around our celebrities and the normal ‘getting into other people’s lives’, rather than [...]
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Global Credit Crisis – The Root of the Problem
Posted on 23. Apr, 2009 by Global.
Most of us realise the global credit crisis began with the U.S sub-prime mortgage dilemma, but how many of us know exactly how and why we got into this mess in the first place? Well if we go back about 80 years… After the 1930’s depression and the major banking collapse that resulted, a legislation known as [...]
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Stock Market Recovery – Riding the Bounce
Posted on 13. Apr, 2009 by Global.
Our markets and share prices have been battered around the world over the last 6 – 12 months, and it’s no surprise that the novice investor has given in to the media brainwashing that has followed and dumped their shares in panic, or stayed entirely out of the market while the world licks it’s proverbial [...]
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Impending Recession or Recovery?
Posted on 04. Mar, 2009 by Global.
Looks like our Economists got a little surprise today because they expected the Australian Bureau of Statistics to report a slight increase in the country’s Gross Domestic Product, or GDP figure. Well, today’s figure was negative, surprise, surprise! But hey….at least agriculture, fishing and forestry recorded a positive + 0.2% growth! What the media won’t [...]
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