RBA rate decision-A rate rise was closer than you think this week - a good read from ⁦⁦⁦Warren Hogan⁩ afr.com/policy/economy…

Japan has a long and unsuccessful history of Yen intervention. The recent episode is no different, with Yen falling once again. If Japan really wants to stabilize Yen, it must let 10-year JGB yield rise, but that would cause a fiscal crisis. Japan is trapped by its high debt...

We all make mistakes

I think this is the Australian monetary policy quote of the year.

“If we have to move we will” RBA Governor Bullock

This is a critical point that could play a huge role in policy deliberations over the next four months.

RBA forecasts assume cash rate remains where it is until mid 2025 and then falls to 3.8% by mid 2026. They also assume population growth peaked in Sep 23 and will fall back to 1.4%.

RBA holds at 4.35% and keeps guidance as not ruling anything in or out. Small changes to immediate economic forecasts no more than a ‘mark to market’. The 2025 forecasts unchanged. Shift in commentary suggests they are shifting toward further tightening but not there yet. We…

RBA rate rise shock is being underestimated, history shows. The Reserve Bank has hiked interest rates almost every time in the last 25 years that it has faced the current high quarterly inflation rate immediately before a board meeting afr.com/policy/economy…

Late last year the share of first home buyer purchases in New Zealand hit a record high according to Corelogic.

Amazing what the phase out of negative gearing, tighter investor lending standards and a ~20% drop in housing prices at a national level can do.

Chart: Corelogic

While the federal government will be criticised for any perception that cost of living measures in the budget will be inflationary the states are seemingly unencumbered by such concerns

Qld govt electricity rebate not only a headache for the RBA but incredibly cynical electioneering. Using tax payers money irresponsibly. Why not just say you will give everyone who votes for you $10k? Broken.

Statement of Changes in Equity is the most underrated financial statement.

One of life’s big moments for our Premier. We should stop and lend a thought of support for Chris Minns today.

One way to show that Sydney housing isn’t expensive - irrelevant for all but the most wealthy. May be that’s the point.

How do we take excess supply of housing in Japan and alleviate excess demand in Australia?

Spot on.

To quote the one and only Bruce Willis…..”welcome to the party pal….”

He travelled at least twice.

Change of guard on India-Pakistan border.