If you were drawing up a plan for your dream economic recovery, this is how you would draw it up. The weakness emerging in the Australian housing sector (the fastest decline in prices in six years) would be made up for by resurgent Chinese demand for Aussie resources, led by the first growth in China’s manufacturing sector in nine months.
May 5th, 2009 | Dan Denning | 6 comments | ContinuedAll Posts Tagged With: "Australian Bureau of Statistics"
Were the Government’s Stress Tests a Bogus Exercise in Deception?
Here we go again. Australia’s Federal budget-revealing glorious new deficit, is coming is coming next week. But this week will be all about tomorrow’s Reserve Bank meeting and today’s house price data from the Australian Bureau of Statistics.
May 4th, 2009 | Dan Denning | 0 comments | Continued
Property Market at “Inflection Point”
Investors refrain from taking long-term positions because there are so many known unknowns and even more unknown unknowns (although we conceded it is hard to put a number on the number of unknown unknowns, given their unknown nature, if you know what we’re saying).
April 8th, 2009 | Dan Denning | 1 comment | Continued
Government Preparing Another Stimulus
So what gives, why is there a huge difference between the seasonally adjusted figures and the original data series? If you look just at the original data series you’ll see that retail turnover has declined 32.1% in original terms from $24.7 billion in December of 2008 to $16.6 billion in February of 2009.That would be headline news!
April 2nd, 2009 | Dan Denning | 6 comments | Continued
Australian Recession in the Works? Ask the Sharemarket
All along it’s been assumed the fall in Australian shares is related to the credit crisis. But what if the stock market is actually forecasting an Australian recession? The stock market is a leading indicator. Shares lead the economy. So if shares are heading down, is the market telling us the Australian economy will soon follow into recession? It might seem counter-intuitive. After all, the country just racked up its highest trade surplus in 11 years last month.
October 3rd, 2008 | Dan Denning | 3 comments | Continued