ricardian ambivalence

US consumer credit ain’t all that

Some folks made a fuss about the big jump in US consumer credit in March. This reflected poor knowledge of

The annual budget season seems to have become a time for nonsense. I suppose that’s politics, and to some extent

Cochrane says what’s right and wrong with Raghu Rajan’s Foreign Affairs essay I agree with Rajan’s diagnosis that the world

The ABS says whoops – they sent the retail data to six ‘clients’ at 11.10am. Hope those clients didn’t short

There are a lot of places in which I disagree with the RBA’s Q2 SOMP. That’s nautral, we all must

San Fran Fed President Williams gave an interesting speech overnight. He sounds like he wants more QE to me –

The RBA cut by 50bps today, easing their key target for the overnight rate to 3.75%. A big cut normally

Following on from my last post, I thought it would be interesting to note down the reasons I think the

Thinking about Tuesday’s RBA meeting, I struggle to find good reasons to cut by ‘only’ 25bps. I try to be

The debate surrounding the probable size of the rate cut at the RBA’s May meeting has become a little weird.

I got a bit lucky on the RBA today. I was right – they held steady at 4.25% – but

Tempted in by the iPad, i’ve just now moved the home system across to a mini-Mac (server). This morning i