Upcoming economic and financial market events Australia July 22: State of the States – CommSec’s quarterly assessment of state/territory economies July 24: Consumer Price Index (June Qtr) – We expect that prices rose 0.4% to be up 2.4% over the year Overseas July 22: US Existing home sales (June) – A modest lift in sales […]
continue readingThe big picture There is an old adage in economics – there are lies, damned lies and statistics. And when it comes to the issue of housing valuations and affordability, there is a lot of data that can be categorised in the two former terms and much less in the latter. As we go across […]
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31
Mar
2011
Key points The $A is continuing to push further above parity against the $US, reaching a 29 year high. This reflects a combination of strong commodity prices, $US weakness and high Australian interest rates. Unless the global economy slides back into recession, which appears unlikely, the $A is likely to average above parity over the […]
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29
Mar
2011
The big picture If you wanted to get a good textbook example of a ‘fear-driven’ event it is the so-called Japanese nuclear crisis. It started with one of the biggest earthquakes in the modern era. But clearly that earthquake wouldn’t have had a major impact on global financial markets if it weren’t accompanied by a […]
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17
Mar
2011
Look back at 2010. Look ahead at 2011. Contrary to the expectations of the gloom and doomsters, 2010 turned out to be a positive year. The global economy expanded by around 4.5 per cent, the world didn’t slip into recession and global sharemarkets generally rose. Sure, the year wasn’t without its problems. Investors fretted about […]
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01
Jan
2011
Top tips to reduce the ‘ouch’ factor While the strong Aussie dollar is good news for some, one of the groups feeling the pinch is expats living in Australia who have money overseas. And according to Joe McKenna, of specialist foreign exchange broker World First, with the dollar expected to remain strong in the first […]
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15
Dec
2010
The equinoctial gales seem to have come late, but come they have. Issues surrounding sovereign risk and the sustainability of current fiscal policies in peripheral Europe have also returned to centre stage with a vengeance. This has induced a sharp bout of risk aversion. This Snippet looks at what might lie ahead. Perhaps one of […]
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19
Nov
2010
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