Economics

Bruno Altin recently asked a very interesting question about Australian wages on my Facebook page. Here’s his question, and my response…

Q: Roger, do you think that wages in Australia will fall to be comparable to the rest of the world? And if yes, do you also think Australia will see a period of unprecedented recession like Europe is experiencing due to lower wages and high debt levels? continue…

by Roger Montgomery Posted in Economics, Insightful Insights.

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Australian rugby followers are sick of the New Zealand All Blacks beating Australia mercilessly. That whipping is being extended to agribusiness, and unless the Australian leadership wakes up to itself on the subject of penalty rates, our food manufacturing sector will continue its structural decline at pace! And please don’t blame the high Australian dollar on increased food imports. continue…

by David Buckland Posted in Economics, Insightful Insights.

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As expected the US debt ceiling negotiations went down to the wire, and disaster has been averted for three more months. continue…

by David Buckland Posted in Economics.

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One of the world’s leading experts on debt cycles, Professor Carmen Reinhart, recently warned of a substantial policy mistake if the US Federal Reserve begins to “taper” its asset purchase program. continue…

by David Buckland Posted in Economics.

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The financial markets are on edge as the United States once again comes to the brink of defaulting on its debt. Many commentators have claimed that it is impossible to predict the scale of the fallout if Congress fails to reach a deal, and hence are unsure of how to act. But Central Banks may already be adjusting their reserve holdings as the credit quality of the country deteriorates. continue…

by Ben MacNevin Posted in Economics, Insightful Insights.

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It’s Good Food Month in Sydney so now is the time to come over to our office in Pyrmont and allow us take you to lunch at one of the fantastic restaurants in The Star complex. Uh, well, actually…no. We can’t. Why? Well unless it’s Friday – they’re closed. continue…

by Roger Montgomery Posted in Economics, Insightful Insights.

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The US Government debt ceiling, according to Treasury Secretary, Lew, will be exhausted by next Friday 18 October 2013.

We believe there are four alternatives that may play out over the next week as the political infighting reaches a crescendo continue…

by David Buckland Posted in Economics, Insightful Insights.

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When the Republicans in The House of Representatives and the Democrats in the Senate couldn’t agree on the terms of refinancing legislation, and particularly whether Obamacare measures should be included (Republicans insisted on delaying Obamacare while Democrats held firm), the US government shut down. It has been 17 years since the last shutdown, in which all non-essential governmental operations cease receiving payments. continue…

by Roger Montgomery Posted in Economics, Insightful Insights.

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by Roger Montgomery Posted in Economics.

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Despite the intention of the authorities, Chinese consumption is not growing as fast as GDP. The release of the August 2013 global crude steel output by Worldsteel demonstrates China’s commitment to Fixed Asset Investment. The obsession with expenditure on low yielding fixed assets continues at pace and is one of the reasons the Shanghai Composite Index is currently 64 per cent below its October 2007 record high. continue…

by David Buckland Posted in Economics, Insightful Insights.

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