US trade war: two opposing views a battle of politics —By James Mackintosh The Wall Street Journal, published in The Australian
Donald Trump outside the White House in Washington DC yesterday. Picture: Bloomberg US President Donald Trump’s views on trade can’t be reconciled with the way economists treat trade. The two sides are so divided that it is hard to even have a discussion: Trump talks constantly about ... Read more
Putting the global “debt bomb” in perspective – seven reasons to be alert but not alarmed — Dr Shane Oliver, Chief Economist for AMP Capital
Key Points Global debt levels have reached new records. Countries with very high gross debt to GDP include Japan, Belgium, Canada, Portugal and Greece. The main areas of rising debt since the Global Financial Crisis (GFC) have been public debt in developed countries (with more to come in the ... Read more
Housing crash unlikely, based on real debt levels —by Don Stammer, Columnist for The Australian
Total interest payments on mortgages are close to their long-term trends Predictions abound that Australian house prices will collapse, causing a banking crisis and economy-wide recession. And it’s mainly because of the mountain of household debt. Of course, forecasts of an impending ... Read more
RBA Monetary Policy Decision and Statement by Philip Lowe, Governor —5 June 2018
Media ReleaseStatement by Philip Lowe, Governor: Monetary Policy Decision Number 2018-14 Date 5 June 2018 At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy has strengthened over the past year. A number of advanced economies are ... Read more
China’s economy is pretty stable – but what about high debt levels and other risks? — By Dr Shane Oliver, Chief Economist for AMP Capital
Key points Chinese economic growth has been stable since 2016 at around 6.8%. Expect Chinese growth this year of around 6.5% and inflation of 2.5-3%. Key risks regarding China relate to the policy focus shifting to reducing leverage and reform, rapid debt growth, a trade war with the US and ... Read more
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