ricardian ambivalence

Is NBN Co working?

Ricardo’s recent post on Government debt led into a very interesting debate about the merits of the NBN project. I

Another week, another 2tn of JPY buying … mostly due to the Japanese selling foreign assets. Over the last four

Yesterday’s Q1 GDP report showed some worrying signs for the domestic economy: in particular, it showed that the domestic economy

There was a bit of confusion about the path of debt subject to the legislative ceiling of AUD300bn following the

The June RBA Statement was basically a return to the situation prior to the surprise cut in May (with fewer

There are a great number of interesting stories in yesterday’s data-deluge, however my personal favourite is the profits story in

Last week’s capex report was both keenly anticipated and the source of much confusion. It was keenly anticipated, as it’s

Amidst all the talk about US economic strength, and Fed tapering, there has been little focus on the slow hissing

Krugman famously said that in a liquidity trap, a central bank must make a ‘credible promise to be irresponsible’. In

Boston Fed president, Eric Rosengren has been dovish (and right) for the past few years. Reading the FOMC minutes, my

I bombed the May RBA meeting (thinking they would hold, when they cut 25bps to 2.75%) because the demand test

Following last week’s tapering debacle, the fed has been putting out all the feelers on tapering. I expected to hear