{"id":1671,"date":"2011-10-31T03:45:47","date_gmt":"2011-10-31T07:45:47","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=1671"},"modified":"2011-10-31T03:45:47","modified_gmt":"2011-10-31T07:45:47","slug":"why-the-rba-should-cut-rates-macrobusiness-com-au-macrobusiness-com-au","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/31\/why-the-rba-should-cut-rates-macrobusiness-com-au-macrobusiness-com-au\/","title":{"rendered":"Why the RBA should cut rates – macrobusiness.com.au"},"content":{"rendered":"

Nominal house prices are falling. Not collapsing, certainly. But falling very consistently, roughly 6% peak to trough. 8.5% in real terms. This has had a number of well documented effects including high savings rates, historically conservative levels of retail sales and stalled services sector investment.<\/p>\n

…..Now, in August, the latest month for which we have data, coal and iron ore earned Australia $12 billion in export income. Assuming the price falls we have seen get no worse (or better), by the time new prices filter through the various contract systems, those same commodities will earn us roughly $9 billion in January next year (all things being equal with the currency).<\/p>\n

via Why the RBA should cut rates – macrobusiness.com.au | macrobusiness.com.au<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nominal house prices are falling. Not collapsing, certainly. But falling very consistently, roughly 6% peak to trough. 8.5% in real terms. This has had a number of well documented effects including high savings rates, historically conservative levels of retail sales and stalled services sector investment. …..Now, in August, the latest month for which we have … <\/p>\n

Continue reading “Why the RBA should cut rates – macrobusiness.com.au”<\/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],"tags":[290,723,1325,1732,1902,2322,3367,3531],"class_list":["post-1671","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","tag-australia","tag-coal","tag-export-income","tag-housing","tag-iron-ore","tag-mining","tag-terms-of-trade","tag-unemployment"],"yoast_head":"\nWhy the RBA should cut rates - macrobusiness.com.au - 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=\"Why the RBA should cut rates - macrobusiness.com.au - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Nominal house prices are falling. 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Coal makes up another large component above 20%: ......So, if we\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19282,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/10\/19\/asx-and-3-headwinds\/","url_meta":{"origin":1671,"position":1},"title":"ASX and 3 headwinds","author":"Colin Twiggs","date":"October 19, 2019","format":false,"excerpt":"Despite recent strong performance, investor enthusiasm may be cooling, with the Australian economy facing three headwinds. Declining Household Spending Household income growth is faltering and weighing down consumption. Household spending would have fallen even further, dragging the economy into recession, if households were not digging into savings to maintain their\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5652,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/03\/australia-rba-overview\/","url_meta":{"origin":1671,"position":2},"title":"Australia: RBA overview","author":"Colin Twiggs","date":"October 3, 2012","format":false,"excerpt":"A quick review of the RBA chart pack released today. Household finances remain in a precarious position with debt at 150 percent of disposable income -- three times the level of the early nineties. Housing credit growth slowed to around 5 percent, but will probably fall further by the end\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15079,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/01\/3-headwinds-facing-the-asx-200\/","url_meta":{"origin":1671,"position":3},"title":"3 Headwinds facing the ASX 200","author":"ColinTwiggs","date":"April 1, 2017","format":false,"excerpt":"The ASX 200 broke through stubborn resistance at 5800 but is struggling to reach 6000. There are three headwinds that make me believe that the index will struggle to break 6000: Shuttering of the motor industry The last vehicles will roll off production lines in October this year. A 2016\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2627,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/12\/14\/bulk-trouble-macrobusiness-com-au-macrobusiness-com-au\/","url_meta":{"origin":1671,"position":4},"title":"Bulk trouble – macrobusiness.com.au","author":"ColinTwiggs","date":"December 14, 2011","format":false,"excerpt":"These three commodities [thermal coal, coking coal and iron ore] make up half of Australia\u2019s terms of trade. The first few months of next year are not going to be kind to the TOT. Not kind at all. via Bulk trouble - macrobusiness.com.au | macrobusiness.com.au. Thermal coal: Coking coal: Iron\u2026","rel":"","context":"In "Debt Levels"","block_context":{"text":"Debt Levels","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/debt-levels\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23240,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/12\/15\/china-trade-tensions-and-the-australian-dollar\/","url_meta":{"origin":1671,"position":5},"title":"China trade tensions and the Australian Dollar","author":"Colin Twiggs","date":"December 15, 2020","format":false,"excerpt":"Tensions between Australia and China are growing increasingly strained. It started with Australia banning Huawei from supplying equipment for its 5G communication network but spiraled downwards after Australia led the call for an international investigation into the COVID-19 outbreak. More than 50 ships carrying Australian coal have been stranded off\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & 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\/1671","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=1671"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/1671\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=1671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=1671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=1671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}