{"id":14856,"date":"2017-02-21T21:53:44","date_gmt":"2017-02-22T02:53:44","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=14856"},"modified":"2017-02-21T21:53:44","modified_gmt":"2017-02-22T02:53:44","slug":"australia-canada-in-4-charts","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/02\/21\/australia-canada-in-4-charts\/","title":{"rendered":"Australia &#038; Canada in 4 charts"},"content":{"rendered":"<p>RBA governor Phil Lowe recently made a speech comparing the experiences of Australia and Canada over the last decade. Both have undergone a resources and housing boom. Four charts highlight the differences and similarities between the two countries.<\/p>\n<p>Australia&#8217;s spike in mining investment during the resources boom did serious damage to non-mining investment while Canada&#8217;s smaller boom had no impact.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Australia &amp; Canada: Mining v. Non-Mining Investment\" src=\"https:\/\/i0.wp.com\/www.rba.gov.au\/speeches\/2017\/images\/sp-so-2017-02-22-graph2.gif?w=525&#038;ssl=1\" alt=\"Australia &amp; Canada: Mining v. Non-Mining Investment\" \/><\/p>\n<p>Immigration fueled a spike in population growth in Australia, adding pressure on infrastructure and housing.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Australia &amp; Canada: Population Growth\" src=\"https:\/\/i0.wp.com\/www.rba.gov.au\/speeches\/2017\/images\/sp-so-2017-02-22-graph4.gif?w=525&#038;ssl=1\" alt=\"Australia &amp; Canada: Population Growth\" \/><\/p>\n<p>Both countries are experiencing a housing bubble, fueled by low interest rates and lately by export of China&#8217;s property bubble, with capital fleeing China and driving up house prices in the two countries.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Australia &amp; Canada: Housing\" src=\"https:\/\/i0.wp.com\/www.rba.gov.au\/speeches\/2017\/images\/sp-so-2017-02-22-graph5.gif?w=525&#038;ssl=1\" alt=\"Australia &amp; Canada: Housing\" \/><\/p>\n<p>Record levels of household debt make the situation more precarious and vulnerable to a correction.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Australia &amp; Canada: Household Debt\" src=\"https:\/\/i0.wp.com\/www.rba.gov.au\/speeches\/2017\/images\/sp-so-2017-02-22-graph7.gif?w=525&#038;ssl=1\" alt=\"Australia &amp; Canada: Household Debt\" \/><\/p>\n<p>Hat tip to David Llewellyn-Smith at Macrobusiness<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBA governor Phil Lowe recently made a speech comparing the experiences of Australia and Canada over the last decade. Both have undergone a resources and housing boom. Four charts highlight the differences and similarities between the two countries. Australia&#8217;s spike in mining investment during the resources boom did serious damage to non-mining investment while Canada&#8217;s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2017\/02\/21\/australia-canada-in-4-charts\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Australia &#038; Canada in 4 charts&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,45,10,13,34],"tags":[],"class_list":["post-14856","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-debt-levels","category-housing-economy","category-inflation-economy","category-us-canada-countries-regions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia &amp; Canada in 4 charts - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia &amp; Canada in 4 charts - the patient investor\" \/>\n<meta property=\"og:description\" content=\"RBA governor Phil Lowe recently made a speech comparing the experiences of Australia and Canada over the last decade. Both have undergone a resources and housing boom. Four charts highlight the differences and similarities between the two countries. 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Wages growth is slowing, with the Wage Price Index falling sharply. Falling growth in disposable income is holding back consumption (e.g. retail spending) and\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5846,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/25\/australia-rba-running-out-of-options\/","url_meta":{"origin":14856,"position":1},"title":"Australia: RBA running out of options","author":"Colin Twiggs","date":"October 25, 2012","format":false,"excerpt":"The Reserve Bank of Australia must be viewing the end of the mining boom with some trepidation. Cutting interest rates to stimulate new home construction may cushion the impact, but comes at a price. Consumers may benefit from lower interest rates but that is merely a side-effect: the real objective\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6053,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/06\/australia-hard-or-soft-landing\/","url_meta":{"origin":14856,"position":2},"title":"Australia: Hard or soft landing?","author":"Colin Twiggs","date":"November 6, 2012","format":false,"excerpt":"Browsing the latest charts from the RBA. Despite record low 10-year bond yields..... Credit growth is subdued and likely to remain so for some time. After a massive credit bubble lasting more than a decade. Households are saving close to 10 percent of Disposable Income in anticipation of a contraction.\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17863,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/02\/11\/why-the-rba-shouldnt-cut-interest-rates\/","url_meta":{"origin":14856,"position":3},"title":"Why the RBA shouldn&#8217;t cut interest rates","author":"Colin Twiggs","date":"February 11, 2019","format":false,"excerpt":"There are growing cries in local media for the RBA to cut interest rates in order to avoid a recession. House prices are falling and shrinking finance commitments point to further price falls. Declining housing values are likely to lead to a negative wealth effect, with falling consumption as household\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15672,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/08\/04\/australia-housing-incomes-growth\/","url_meta":{"origin":14856,"position":4},"title":"Australia: Housing, Incomes &#038; Growth","author":"ColinTwiggs","date":"August 4, 2017","format":false,"excerpt":"A quick snapshot of the Australian economy from the latest RBA chart pack. Disposable income growth has declined to almost zero and consumption is likely to follow. Else Savings will be depleted. Residential building approvals are slowing, most noticeably in apartments, reflecting an oversupply. Housing loan approvals for owner-occupiers are\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16497,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/07\/05\/australia-the-good-news-and-the-bad-news\/","url_meta":{"origin":14856,"position":5},"title":"Australia: Good news and bad news","author":"Colin Twiggs","date":"July 5, 2018","format":false,"excerpt":"First, the good news from the RBA chart pack. Exports continue to climb, especially in the Resources sector. Manufacturing is the only flat spot. Business investment remains weak and is likely to impact on long-term growth in both profits and wages. The decline is particularly steep in the Manufacturing sector\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=14856"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/14856\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=14856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=14856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=14856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}