Canberra02 6295 771621 November 2018 Bob Cunneen, Senior Economist and Portfolio Specialist Bitcoin vs Tulip prices Sources: Reuters, Datastream. McClure.J.E and Thomas D.E (2017), Financial History Review Chart update: In January 2018 we plotted Bitcoin’s price rise (black line) and posed the question “Is Bitcoin the new tulip mania?” Over the past year, Bitcoin has…
Chart of the week: Australian wages take a turn for the better
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Economic Update
15 November 2018 Bob Cunneen, Senior Economist and Portfolio Specialist Australian spare capacity vs Wages *Spare Capacity measure – Unemployment rate less 5% full employment NAIRU (non-accelerating inflation rate of unemployment) inverted Source: Australian Bureau of Statistics. Australia’s nominal wages growth has been struggling over recent years (blue line). This slow and low wages…
ThreeSixty Research Market Update – November 2018
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Economic Update
Highlights: US economic growth moderated in the September quarter but is underpinned by strong consumer spending growth. The IMF recently downgraded its forecast for global economic growth, partly reflecting the US-China trade war. In Australia, business conditions remain relatively robust while labour market conditions continue to show signs of underlying strength. Chinese GDP grew by…
Monetary Policy Decision – Statement by Philip Lowe, RBA Governor, November 2018
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Economic Update
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economic expansion is continuing. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. Growth in China has slowed a little, with the authorities easing policy while continuing to pay close attention…
Chart of the week: Wall Street confronts the challenges of the Fed and rising wages
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Economic Update
6 November 2018 Bob Cunneen, Senior Economist and Portfolio Specialist US interest rates vs wages Source: Federal Reserve St Louis. American workers are increasingly benefitting from a tighter labour market. Strong demand for labour has given…
Chart of the week: Wall street moves from 'perfection' to 'correction'
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Economic Update
1 November 2018 Bob Cunneen, Senior Economist and Portfolio Specialist Forward Price to Earnings Ratio 1 year Source: FactSet and Institutional Brokers’ Estimate System (IBES) Wall Street’s golden run in terms of a rising share market seems to have come to an end in recent weeks….