{"id":15587,"date":"2017-07-07T23:35:23","date_gmt":"2017-07-08T03:35:23","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=15587"},"modified":"2017-07-07T23:35:23","modified_gmt":"2017-07-08T03:35:23","slug":"australia-faces-headwinds","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/07\/australia-faces-headwinds\/","title":{"rendered":"Australia faces headwinds"},"content":{"rendered":"<p>Australian wage rate growth, on the other hand, is declining.  is in a worse position, with a dramatic fall in investment following the mining boom.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Australia: Wage Price Index\" alt=\"Australia: Wage Price Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-07-07-aus-wagerates.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">Source: RBA &amp; ABS<\/p>\n<p>As is inflation.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Australia: Inflation\" alt=\"Australia: Inflation\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-07-07-aus-inflation.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">Source: RBA &amp; ABS<\/p>\n<p>Growth in Household Disposable Income and Consumption.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Australia: Household Income and Consumption\" alt=\"Australia: Household Income and Consumption\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-07-07-aus-hhincome-consumption.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">Source: RBA &amp; ABS<\/p>\n<p>And Banks return on shareholders equity.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Australia: Banks Return on Equity\" alt=\"Australia: Banks Return on Equity\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-07-07-aus-bankroe.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">Source: RBA &amp; APRA<\/p>\n<p>But not Housing.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Australia: Banks Return on Equity\" alt=\"Australia: Banks Return on Equity\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2017\/2017-07-07-aus-housing.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">Source: RBA, ABS, APM, CoreLogic &amp; Residex<\/p>\n<p>At least not yet.<\/p>\n<p>Falling house prices would complete the feedback loop, shrinking household incomes, consumption and banks ROE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian wage rate growth, on the other hand, is declining. is in a worse position, with a dramatic fall in investment following the mining boom. Source: RBA &amp; ABS As is inflation. Source: RBA &amp; ABS Growth in Household Disposable Income and Consumption. Source: RBA &amp; ABS And Banks return on shareholders equity. Source: RBA &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/07\/australia-faces-headwinds\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Australia faces headwinds&#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":[40,46,10,13],"tags":[382,1041,1725,1828,3628],"class_list":["post-15587","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-deficit-spending-employment","category-housing-economy","category-inflation-economy","tag-banks-return-on-equity","tag-disposable-income","tag-household-consumption","tag-inflation","tag-wage-price-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia faces headwinds - 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 faces headwinds - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Australian wage rate growth, on the other hand, is declining. is in a worse position, with a dramatic fall in investment following the mining boom. Source: RBA &amp; ABS As is inflation. Source: RBA &amp; ABS Growth in Household Disposable Income and Consumption. Source: RBA &amp; ABS And Banks return on shareholders equity. 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The new RBA governor highlighted three elements that point to inflation becoming increasingly demand-driven. First, inflation is broadly-based. Trimmed mean inflation remains too high at 5.4% p.a.\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":"CPI Monthly","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-aus-monthly-cpi.gif?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-aus-monthly-cpi.gif?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-aus-monthly-cpi.gif?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-11-27-aus-monthly-cpi.gif?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":47367,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/18\/australian-households-feel-the-pinch\/","url_meta":{"origin":15587,"position":1},"title":"Australian households feel the pinch","author":"Colin Twiggs","date":"January 18, 2024","format":false,"excerpt":"Household disposable income (blue below) is contracting at the fastest rate in more than thirty years. Consumption growth (orange) is now close to zero and likely to fall further as savings are depleted. Fiscal drag -- caused by inflation pushing households into higher tax brackets -- has caused a sharp\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":"Household Income","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/household-income-and-consumption.gif?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/household-income-and-consumption.gif?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/household-income-and-consumption.gif?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":15434,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/06\/10\/australia-rba-hands-tied\/","url_meta":{"origin":15587,"position":2},"title":"Australia: RBA hands tied","author":"ColinTwiggs","date":"June 10, 2017","format":false,"excerpt":"Falling wage rate growth suggests that we are headed for a period of low growth in employment and personal consumption. The impact is already evident in the Retail sector. The RBA would normally intervene to stimulate investment and employment but its hands are tied. Lowering interest rates would aggravate the\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":63901,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/03\/17\/more-rba-rate-hikes-ahead\/","url_meta":{"origin":15587,"position":3},"title":"More RBA Rate Hikes Ahead","author":"Colin Twiggs","date":"March 17, 2026","format":false,"excerpt":"The RBA voted 5:4 to hike the cash rate by 25 basis points to 4.10%. The rate increase is the second since the RBA reversed direction on 4 February and is an admission that the Board cut too early. The economy was doing fine in February 2025, with unemployment at\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":"RBA Cash Rate Target","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-17-rba-cashrate.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-17-rba-cashrate.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-03-17-rba-cashrate.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":48609,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/20\/will-the-rba-cut-first\/","url_meta":{"origin":15587,"position":4},"title":"Will the RBA cut first?","author":"Colin Twiggs","date":"February 20, 2024","format":false,"excerpt":"Recent articles in Macrobusiness and the ABC suggest that the RBA is likely to cut interest rates early, ahead of the Fed. Their conclusions are based on a February 16 research note by Gareth Aird at Commbank Divergence between the Australian and US consumer which provides some excellent charts: The\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":"Fed Funds Rate & RBA Cash Rate","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-20-ffr-rba.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-20-ffr-rba.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-20-ffr-rba.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":38974,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/11\/22\/australias-debt-end-game\/","url_meta":{"origin":15587,"position":5},"title":"Australia&#8217;s debt end game","author":"Colin Twiggs","date":"November 22, 2022","format":false,"excerpt":"We are nearing the end of a thirty year bull market in credit, during which time the overnight cash rate in Australia fell from 18% in 1989 to 0.03% in 2021. Low interest rates enabled households to borrow more relative to their income, with housing debt expanding 4.5 times, over\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\/15587","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=15587"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/15587\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=15587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=15587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=15587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}