Tag Archives: GDP

GD-what?

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 better – but when you dig a little deeper that is where the good news ends. Over the last two … Continue reading

Posted in AUD, economics, monetary policy, RBA | Tagged | 4 Comments

FED can still sep-taper

Last night’s price action spoke to the virtues of sleeping deeply and turning off your phone. First, better than expected data drove yields higher (US 10yrs tipped 2.7%) and then the Fed downgraded their growth assessment and sounded more worried … Continue reading

Posted in Bond Market, FOMC, monetary policy, USD | Tagged , , | 9 Comments

A domestic recession? (GDP in 5 charts)

Yesterday’s Q1 GDP report showed some worrying signs for the domestic economy: in particular, it showed that the domestic economy has not grown at all in the prior three quarters. Domestic demand (C + I + G, excluding inventories) is … Continue reading

Posted in AUD, economics, monetary policy, RBA | Tagged , | 22 Comments

GDP was what?

The RBA has an interesting article on GDP revisions in their most recent bulletin. This follows up on an awesome RDP on real time RBA forecast performance (see my prior post). This paper deals with a key source of error … Continue reading

Posted in AUD, economics, RBA | Tagged | 4 Comments