Ricardo

Two speeds, or two directions?

The strength in the Q1 National Accounts was surprising. It suggests that the aggregate economy is stronger than I had

The AFG data for May showed a sharp spike, and was (potentially) the first hint that the RBA’s earlier rate

The WSJ reports that China has lowered the 1yr lending rate 25bps to 6.31%. I think that this is very

The WSJ’s well connected Hilsenrath tips that the Fed will look closely at more stimulus at their next meeting. This

Last week, I linked to Chris Joye’s blog regarding the worrying house price data. Looking more closely at (this excellent)

I have been putting off writing this post, as the data-flow has been heavy and i figured that it was

Roy Morgan reckons that the unemployment rate fell 110bps to 8.2% in May… if you think that’s a joke, you’re

The concurrent global slowdown suggests rising risk that the present European recession may become global. This possibility is alarming, as

I am a stock guy (life cycle consumption etc) so i worry about wealth effects. I found this post by

The May non-farm payrolls report was +69k (mkt + 150k), defying the balance of the partial indicators, which had suggested

Markets sure are unusual at the moment. The price action is testing all sorts of assumptions – and has busted

The ongoing move to gas as a source of cheap energy is a great hope for the US over the