Profit reporting season is in full swing and more economic data is emerging that suggests, as expected, inflation is starting to peak and the prospect of an economic recession is fading. Look, this isn’t new if you’re a regular reader of Your Money & Your Life. I’ve been trying to calm the farm around all… Read more »
There’s a handy summary of RBA economic data available to click on – and at the moment it’s a very reassuring thing to do. Every day we seem to be bombarded with economic data. It can feel confusing and overwhelming, but the Reserve Bank Australia has your back. At the end of each month it… Read more »
Calm the farm, we’re not saying there’s going to be a recession (although the media does love a headline). But if we were to have one, it could be a positive thing. Here’s how. Recession, recession, recession. These words are being shouted across media headlines and newspapers around the world as we deal with the… Read more »
Have you watched Don’t Look Up on Netflix yet? It’s actually quite a useful economics education, as Steven Hail from Torrens University Australia points out. In the new Netflix sensation Don’t Look Up, two astronomers, played by Jennifer Lawrence and Leonardo Di Caprio, discover a massive comet heading towards Earth, and desperately try to warn the… Read more »
Will 2022 be the year where the world economy recovers from the pandemic? That’s the big question on everyone’s lips as the holiday season ends and the new year really begins. One complicating factor is that most of the latest major forecasts were published in the weeks before the omicron variant swept the world. At… Read more »
Yesterday Westpac hiked its fixed rate home loan for the second time in less than two weeks, and today the CBA followed suit. Which begs the question: Is it time for a fixed-rate home loan? Three-year fixed-rate mortgages are tied to market rates of that term because banks borrow or hedge interest rate risk at… Read more »
The Australian economy is doing well despite Delta, but 3 major economic challenges loom: housing affordability, the tax mix, and decarbonisation. This week the Organisation for Economic Co-operation and Development published its first Economic Survey of Australia since 2018. It gives Australia good marks for a remarkably good economic response to the COVID pandemic, but… Read more »
There’s a revolution under way in commerce. Within five years, consumer data rights will have transformed competition and simplified the way we live. Yet most of us know little about it, or think it’s restricted to banking. It’s the brainchild of former Productivity Commission chief Peter Harris and Scott Morrison when he was treasurer. The Productivity… Read more »
With so much uncertainty and volatility in the lead up to the US presidential election, what are the market sectors set to benefit, and how can investors mitigate the risks? James Whelan from VFS Group Portfolio Manager and Investment Manager at Banyantree Investment Group, Zach Riaz, provided their perspective. “I think it’s still too close… Read more »
Job vacancies rose by over 6 per cent in the latest month with gains in each state and territory. In addition, job ads are up on a year ago in half of the states and territories. Western Australia is benefitting from its relative success in ‘flattening the Covid curve’. Six of the 15 regions with… Read more »
