An important discussion about credit creation, why banks are talking interest rates down, and what economists are prepared to say and what they are not, courtesy of Joe Wilkes. Refers to the earlier post below:
Today we got the latest from the ABS on their inflation series, with Australia’s core inflation cooling in the three months through June as...
Well, now we know, according to official data Australian households are faring worse than the broader economy and are mired in recession. The Australia’s...
The less meaningful monthly CPI was released today by the ABS. The headline was that the reported annual CPI was unchanged, while the underlying...