I got this very informative image from a colleague. Put together by the ANZ Bank it shows how New Zealand, Australia, USA, Euro area and the UK rank over a range of variables. 90 more words
Tags » Interest Rates
A Benjamin Cole post
In the Market Monetarist community, there is a lot of bemoaning “the media.”
Well, meet Alex Rosenberg of CNBC.
While other reporters weigh in on inflation and the U.S. 563 more words
“In theory there is no difference between theory and practice. In practice there is.”
– Yogi Berra
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Aside from the aforementioned points, members of the FOMC inclined to raise interest rates would likely point to the decline in the unemployment rate as evidence that the current stance of monetary policy is indeed accommodative and will soon lead to a pickup in inflation, as it has resulted in a seemingly rapid reduction in slack.
It would be very useful to find out what ‘war gaming’ exercises RBA and APRA have conducted to assess what they would do if the demand for debt dropped sufficiently to produce a 50% fall in house prices. 451 more words
Traders are positioning themselves for what could be the last leg down in the Canadian dollar’s three-year collapse.
They’re paying the biggest premium since September for options contracts that protect against currency swings expiring a month from now than for similar contracts that expire three months out, as oil suddenly threatens to fall below US$40 per barrel again and the U.S. 745 more words