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Strong growth in plant & equipment capex is good news for Qld economy

Last Friday, in his opening statement to the House of Representatives Standing Committee on Economics, RBA Governor Phil Lowe observed:

“Nationally, measures of business conditions have picked up noticeably recently.

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Queensland

24 Feb 2017 (AFR) - Capex investment strike grinds on; Business keeps brakes on capex

(24 February 2017, AFR, p3, by Jacob Greber)

‘Australia’s long four-year investment slump is set to continue through most of 2017, with official figures showing spending by companies on new buildings, equipment and machinery fell for a fourth straight quarter late last year. 55 more words

1.Market Observations

23 Feb 2017 (TheAge) - Reserve Bank's hands tied as wage growth hits new record low

(23 February 2017, The Age, p2, Peter Martin)

‘Private-sector wage growth has slid to a record low of just 1.8 per cent, throwing into doubt budget projections and confounding the Reserve Bank, which would prefer not to have to cut interest rates again and run the risk of reigniting house prices. 47 more words

1.Market Observations

RBA Preparation and Road Mapping

There are approximately 20.9 million victims of modern day slavery in our world. Human trafficking, often referenced as modern day slavery, can be defined in three segments. 312 more words

Azaleas, Roses and Lilacs

Elena Tsallagova and Sandra Horst entertained the crowd in the RBA yesterday with a flower themed recital of French and Russian songs.  It was a very well chosen selection that allowed Ms. 240 more words

Rba

17 Feb 2017 (AFR) - Jobless rate adds to upbeat mood - Jobs boost adds to rebound

(17 February 2017, AFR, p1, by Jacob Greber)

‘The labour market continues to hold ground, sending the jobless rate down to 5.7 per cent in January and raising hopes this year will see the nation pulled into a global economic rebound that will eventually drive up inflation and official interest rates. 42 more words

1.Market Observations

Valentine's Haji

Today’s noon recitalists in the RBA were Andrew Haji and Liz Upchurch.  We had been promised Britten’s Serenade but an absence of non-knackered horn players due to the COC’s… 319 more words

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