OurFinanceBlogs.com - Australian Finance Blogging Community

Soft landing hope built on faulty framework assumptions

Posted by cij on Jan 5th, 2009

Looking forward, what will happen to Australia’s economy in 2009? Currently, the mainstream economic forecast is for a soft landing. As Shane Oliver was quoted in this article,
But with the economy on track for a mild recession…
Shane Oliver’s opinion is fairly representative of the mainstream economists, which include those bureaucrats in the Reserve Bank of [...]

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Be prepared for the recession we might have avoided.

Posted by Greg Atkinson on Dec 14th, 2008

Although Rudd stated some weeks ago that Australia would not slide into a recession it seems another one of his forecasts has exposed just what an economic dunce he is. Possibly only Swan can make worse assessments of the state of the Australian economy with Glen “I raised rates too far” Stevens (the Reserve Bank [...]

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A stock market rout and probable recession: it could be worse.

Posted by Greg Atkinson on Dec 8th, 2008

There is not a lot of good economic news in circulation at the moment. Today for example I read that the Dubai real estate market is heading for a big fall, and so it seems one of the last pockets economic optimism is about to get that gloomy feeling. I guess this might mean the [...]

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Pop goes Last Week’s Bubble as Stocks Plunge

Posted by andyfvp on Dec 2nd, 2008

The record 15%+ rally across the major indexes last week was a cruel Thanksgiving jest played by the market on unsuspecting analysts and investors, as unveiled by today’s sharp falls which wiped out half the gains in just one trading session. Will we ever learn? Mondays seem to be becoming the day of reckoning as [...]

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Time-wasting public discussions

Posted by cij on Nov 21st, 2008

Sometimes, we despair at the kinds of politicians we have in Australia (and by extension, the rest of the liberal democratic world). Recently, the Opposition frontbencher Andrew Robb accused the government’s Treasury department of “manipulating” figures when it made a forecast of 2% economic growth. That 2% is only 0.5% more optimistic than the RBA’s [...]

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