AUD – ricardian ambivalence

Don’t give up on a May RBA cut

The decline of the unemployment rate to 4.9% in February caused the market to substantially reduce the implied probability of

The Sumner stuff on per-capita measures of nominal income growth made me wonder if it made more sense to think

The annual revisions to GDP, and a weak 0.3%qoq in Q3 , mean that the GDP boom of H1’18 has

The RBA has set things up to resume the easing cycle that began in 2011 (I never believed in the whole ‘neutral’

There was some confusion about core CPI yesterday, thanks to the divergence between trimmed mean CPI & weighted median CPI

The reporting of recent AUD strength is getting a little unbalanced. See here for an example. This tone really gets