Businesses seem confident, consumers less so, China trade slows, Australian housing finance flattens, and the US economy is growing but remains hard to call, writes Richard Holden.
Australia’s economic growth is unsurprisingly paltry, the RBA leaves the cash rate on hold, and Australians continue to eat away at their savings, writes Richard Holden.
Trump's budget is bad in every way. But that doesn't excuse us here of ridiculous assumptions about tax rates and unprincipled taxes on banks, writes Richard Holden.
Investor loans continue to rise, unemployment ticks down, wages growth remains distressingly low and consumers are unconvinced the budget will improve their financial situation, writes Richard Holden.
Given the lack of competition in the sector, it won’t be the banks’ shareholders who pay for the new $6 billion levy. It will be mortgage holders and other customers, writes Richard Holden.
The 'first home super saver scheme' is bad economics, somewhat costly, and a cruel hoax on prospective buyers who are struggling with an out-of-control housing market, writes Richard Holden.
