No means no! (RBA edition)
Say you were the Governor of an inflation targeting central bank and wanted to communicate to the world that you
macro, politics, markets, ambivalence
Say you were the Governor of an inflation targeting central bank and wanted to communicate to the world that you
RBA watcher James Glynn pushed the Aussie dollar and bond yields down on Friday with the explosive story RBA not
[is this thing still on?] It’s been a long time since I blogged, but today’s RBA statement has lit a
The RBA has set things up to resume the easing cycle that began in 2011 (I never believed in the whole ‘neutral’
Getting right to the point, my view is that the Feb 2014 jobs report is bunkum. The survey is not
The 0.8%q/q GDP print looked pretty good at the headline level, and the 2.75%y/y (v. RBA at 2.5%y/y) looked even
The Jan 2014 labour market report was BAD. The unemployment rate rose to 6% — exceeding the GFC peak —
Regardless of what you think of the institution, the IMF’s article IV consultation reports are useful as a source of
Finding what you expect is a common failing of human beings — however I doubt it is wishful thinking that’s
A funny thing happened yesterday. It was not the RBA dropping their easing bias — which was fairly obvious given
There are some interesting stories in the October employment data. The macro news isn’t great, but the good(ish) news is that
These three charts summarise the state of the labour market — and the September employment report. The good news is