Welcome Guest [Log In] [Register]


Reply
  • Pages:
  • 1
  • 3
The RBA's December Minutes Are Out And It Looks Like There's A Recovery On The Way
Topic Started: 17 Dec 2013, 09:12 PM (2,067 Views)
peter fraser
Member Avatar


The RBA's December Minutes Are Out And It Looks Like There's A Recovery On The Way
Greg McKenna
link

The minutes from this months RBA Board meeting are out and it is no wonder that Westpac Chief Economist Bill Evans has moved his rate cut calls out in time because these minutes read like there is a recovery on the way for the Australian economy.

The RBA made a widely expected call on December 3, leaving Australia’s cash rate at the record low 2.5%. That’s despite the board noting: “While the exchange rate had depreciated over the month, members agreed that it remained uncomfortably high and a lower level would likely be needed to achieve balanced growth in the economy.”

The RBA Board clearly thinks monetary policy is working and working well. Minutes once again referred to the “substantial degree of monetary stimulus” that is coming down the pipe.

The board also noted “further signs of the stimulatory effects of low interest rates, most notably in the housing market, and additional effects were still likely to be coming through. At the same time, inflation remained within the target.”

So no need to cut, but no signs of inflation or a need to hike anytime soon either.

The Goldilocks economy – now only if the Aussie Dollar would fall.
Any expressed market opinion is my own and is not to be taken as financial advice
Profile "REPLY WITH QUOTE" Go to top
 
Perthite
Member Avatar


:lol
Profile "REPLY WITH QUOTE" Go to top
 
peter fraser
Member Avatar


Perthite
17 Dec 2013, 09:21 PM
:lol
a solid argument.
Any expressed market opinion is my own and is not to be taken as financial advice
Profile "REPLY WITH QUOTE" Go to top
 
MMM
Unregistered

A recovery, sounds amusing, we are still losing jobs and businesses to overseas while others just close shop altogether.

They state that further signs of stimulatory effects from low interest rates,most noticeably in the housing market

This is just more people going further and further into debt to put a roof over their head. This is the destruction of the economy as more money is directed at housing and directed away from the economy. Yet these overpaid clowns think that's good. Nothing about jobs or businesses, nothing at all.

Making housing less affordable while sending people.further into debt as jobs and businesses dissappear is not a recovery, but nice try, they will spin the bullshit anyway they can these days.
"REPLY WITH QUOTE" Go to top
 
Perthite
Member Avatar


Sorry Peter... Downgrades and a recovery on the same day...

:wak:
Profile "REPLY WITH QUOTE" Go to top
 
Shadow
Member Avatar
Evil Mouzealot Specufestor

Perthite
17 Dec 2013, 09:21 PM
:lol
What was the point of this post?
Edited by Shadow, 17 Dec 2013, 10:00 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
Profile "REPLY WITH QUOTE" Go to top
 
peter fraser
Member Avatar


Perthite
17 Dec 2013, 09:55 PM
Sorry Peter... Downgrades and a recovery on the same day...

:wak:
What downgrades
Any expressed market opinion is my own and is not to be taken as financial advice
Profile "REPLY WITH QUOTE" Go to top
 
Perthite
Member Avatar


Budget update slashed 0.5% off 2014-2015. To be the same as this this financial year. 2.5% from 3%.

Perhaps this is Hockey as he knows cuts are coming. Maybe the RBA has not got the memo yet.
Edited by Perthite, 17 Dec 2013, 10:19 PM.
Profile "REPLY WITH QUOTE" Go to top
 
peter fraser
Member Avatar


Perthite
17 Dec 2013, 10:15 PM
Budget update slashed 0.5% off 2014-2015. To be the same as this this financial year. 2.5% from 3%.

Perhaps this is Hockey as he knows cuts are coming. Maybe the RBA has not got the memo yet.
Oh Hockey is just doing what all incoming politicians do - overplay the debt and blame the previous government, and then use it as excuse to slash next year.
Any expressed market opinion is my own and is not to be taken as financial advice
Profile "REPLY WITH QUOTE" Go to top
 
Perthite
Member Avatar


That still a Treasury downgrade?
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply
  • Pages:
  • 1
  • 3



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy