{"id":17747,"date":"2019-01-16T04:56:30","date_gmt":"2019-01-16T04:56:30","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=17747"},"modified":"2019-01-16T05:16:55","modified_gmt":"2019-01-16T05:16:55","slug":"the-aussie-economy-is-quietly-falling-apart-macrobusiness","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/","title":{"rendered":"The Aussie economy is quietly falling apart | Macrobusiness"},"content":{"rendered":"<p>You\u2019d have to be as blind as the RBA to miss the signals. GDP is made up of six components and they are not going well on balance:<\/p>\n<ul>\n<li>government consumption is strong and likely to stay that way;<\/li>\n<li>government investment is peaking as the NBN rolls off and infrastructure starts fade;<\/li>\n<li>household consumption is weakening with car sales and international travel down sharply plus retail looking highly questionable;<\/li>\n<li>business investment has been good and the outlook for six months is solid but it will track broader demand and housing investment is about to tumble;<\/li>\n<li>inventories will ebb and flow;<\/li>\n<li>net exports (volumes) are weak owing to China\u2019s thermal coal blockade and the drought despite the LNG ramp up.<\/li>\n<\/ul>\n<p>In short, the Australian economy is quietly falling apart and if it does not receive any new juice soon it is going to crater as we enter the Hayne Royal Commission recommendations, the federal election stall and Labor\u2019s reform agenda. I have now downgraded my outlook for domestic demand from what was already bearish:<\/p>\n<figure><a href=\"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2019\/01\/563yu.gif?ssl=1\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/i0.wp.com\/www.macrobusiness.com.au\/wp-content\/uploads\/2019\/01\/563yu.gif?w=525&#038;ssl=1\" \/><\/a><\/figure>\n<p>This is an environment in which unemployment will rise at a\u00a0decent\u00a0clip threatening much worse outcomes as that feeds back into asset prices.<\/p>\n<p>That markets and economists are still forecasting rate hikes is ridiculous. That cuts remain off the radar of nearly all is bizarre.<\/p>\n<p><em>By Houses &amp; Holes (David Llewellyn-Smith). Reproduced with kind permission from <a href=\"https:\/\/www.macrobusiness.com.au\/2019\/01\/aussie-economy-quietly-falling-apart\/\">Macrobusiness<\/a>.<\/em><\/p>\n<p>Comment: Time for the government to go big on infrastructure spending. Not school halls or pink batts insulation but real infrastructure like transport and communications investments (5G for example) that will boost long-term GDP growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>You\u2019d have to be as blind as the RBA to miss the signals. GDP is made up of six components and they are not going well on balance: government consumption is strong and likely to stay that way; government investment is peaking as the NBN rolls off and infrastructure starts fade; household consumption is weakening &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Aussie economy is quietly falling apart | Macrobusiness&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,3761],"tags":[800,1880,1882,2436],"class_list":["post-17747","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-gdp-and-activity","tag-consumption","tag-inventories","tag-investment","tag-net-exports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Aussie economy is quietly falling apart | Macrobusiness - 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=\"The Aussie economy is quietly falling apart | Macrobusiness - the patient investor\" \/>\n<meta property=\"og:description\" content=\"You\u2019d have to be as blind as the RBA to miss the signals. GDP is made up of six components and they are not going well on balance: government consumption is strong and likely to stay that way; government investment is peaking as the NBN rolls off and infrastructure starts fade; household consumption is weakening &hellip; Continue reading &quot;The Aussie economy is quietly falling apart | Macrobusiness&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-16T04:56:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-16T05:16:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.macrobusiness.com.au\/wp-content\/uploads\/2019\/01\/563yu.gif\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"The Aussie economy is quietly falling apart | Macrobusiness\",\"datePublished\":\"2019-01-16T04:56:30+00:00\",\"dateModified\":\"2019-01-16T05:16:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/\"},\"wordCount\":276,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.macrobusiness.com.au\/wp-content\/uploads\/2019\/01\/563yu.gif\",\"keywords\":[\"consumption\",\"inventories\",\"Investment\",\"Net Exports\"],\"articleSection\":[\"Australia &amp; NZ\",\"GDP and Activity\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/\",\"name\":\"The Aussie economy is quietly falling apart | Macrobusiness - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.macrobusiness.com.au\/wp-content\/uploads\/2019\/01\/563yu.gif\",\"datePublished\":\"2019-01-16T04:56:30+00:00\",\"dateModified\":\"2019-01-16T05:16:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#primaryimage\",\"url\":\"https:\/\/www.macrobusiness.com.au\/wp-content\/uploads\/2019\/01\/563yu.gif\",\"contentUrl\":\"https:\/\/www.macrobusiness.com.au\/wp-content\/uploads\/2019\/01\/563yu.gif\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Aussie economy is quietly falling apart | Macrobusiness\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/thepatientinvestor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\",\"name\":\"Colin Twiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"caption\":\"Colin Twiggs\"},\"description\":\"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.\",\"sameAs\":[\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\",\"https:\/\/au.linkedin.com\/in\/colintwiggs\"],\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Aussie economy is quietly falling apart | Macrobusiness - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"The Aussie economy is quietly falling apart | Macrobusiness - the patient investor","og_description":"You\u2019d have to be as blind as the RBA to miss the signals. GDP is made up of six components and they are not going well on balance: government consumption is strong and likely to stay that way; government investment is peaking as the NBN rolls off and infrastructure starts fade; household consumption is weakening &hellip; Continue reading \"The Aussie economy is quietly falling apart | Macrobusiness\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2019-01-16T04:56:30+00:00","article_modified_time":"2019-01-16T05:16:55+00:00","og_image":[{"url":"https:\/\/www.macrobusiness.com.au\/wp-content\/uploads\/2019\/01\/563yu.gif","type":"","width":"","height":""}],"author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"The Aussie economy is quietly falling apart | Macrobusiness","datePublished":"2019-01-16T04:56:30+00:00","dateModified":"2019-01-16T05:16:55+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/"},"wordCount":276,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#primaryimage"},"thumbnailUrl":"https:\/\/www.macrobusiness.com.au\/wp-content\/uploads\/2019\/01\/563yu.gif","keywords":["consumption","inventories","Investment","Net Exports"],"articleSection":["Australia &amp; NZ","GDP and Activity"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/","name":"The Aussie economy is quietly falling apart | Macrobusiness - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#primaryimage"},"thumbnailUrl":"https:\/\/www.macrobusiness.com.au\/wp-content\/uploads\/2019\/01\/563yu.gif","datePublished":"2019-01-16T04:56:30+00:00","dateModified":"2019-01-16T05:16:55+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#primaryimage","url":"https:\/\/www.macrobusiness.com.au\/wp-content\/uploads\/2019\/01\/563yu.gif","contentUrl":"https:\/\/www.macrobusiness.com.au\/wp-content\/uploads\/2019\/01\/563yu.gif"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/16\/the-aussie-economy-is-quietly-falling-apart-macrobusiness\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"The Aussie economy is quietly falling apart | Macrobusiness"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454","name":"Colin Twiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","caption":"Colin Twiggs"},"description":"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-4Cf","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":22504,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/11\/07\/asx-and-the-long-run\/","url_meta":{"origin":17747,"position":0},"title":"ASX and the long run","author":"Colin Twiggs","date":"November 7, 2020","format":false,"excerpt":"The ASX 200 is testing resistance at 6200 but declining Money Flow continues to warn of selling pressure. There is a lot of \"noise\" in the market at present -- due to COVID-19 easing, government stimulus, RBA rate cuts and political turmoil in the USA -- so we are wary\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":19880,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/03\/07\/australia-the-bear-case\/","url_meta":{"origin":17747,"position":1},"title":"Australia: The bear case","author":"Colin Twiggs","date":"March 7, 2020","format":false,"excerpt":"The RBA cut the cash rate by 25 basis points on Wednesday this week, to a record low of 0.50%. This was necessary in order to limit the interest rate differential with the US and protect the currency. But it will not do much to help the economy. Household debt\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":12474,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/29\/us-robust-underlying-gdp-growth-trend\/","url_meta":{"origin":17747,"position":2},"title":"US: Robust underlying GDP growth trend","author":"ColinTwiggs","date":"October 29, 2015","format":false,"excerpt":"GDP rose at an annual rate of 1.5 percent in Q3, according to advance estimate https:\/\/t.co\/vWMdoOL9TA pic.twitter.com\/PFNZ7lXa8D\u2014 St. Louis Fed (@stlouisfed) October 29, 2015 From Elliot Clarke at Westpac: In assessing the strength and persistence of US growth, it is important to recognise the impact that inventories and net exports\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"Construction Spending","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-30-construction.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-30-construction.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-10-30-construction.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":6282,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/27\/economonitor-the-u-s-is-sliding-down-an-investment-slope\/","url_meta":{"origin":17747,"position":3},"title":"EconoMonitor \u00bb The U.S. is sliding down an investment slope","author":"Colin Twiggs","date":"November 27, 2012","format":false,"excerpt":"Thomas Grennes & Andris Strazds highlight the contraction in US private investment since the GFC: Recent evidence.......suggests that while U.S. GDP growth has surpassed its pre-crisis level, investment has been declining. A comparison with China would not be appropriate due to differences in growth rates and the level of economic\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16340,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/06\/09\/12-charts-on-the-australian-economy\/","url_meta":{"origin":17747,"position":4},"title":"12 Charts on the Australian economy","author":"Colin Twiggs","date":"June 9, 2018","format":false,"excerpt":"Australian GDP grew at a robust 3.1% for the year ended 31 March 2018 but a look at the broader economy shows little to cheer about. 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":23000,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/12\/02\/australia-q3-gdp\/","url_meta":{"origin":17747,"position":5},"title":"Australia Q3 GDP","author":"Colin Twiggs","date":"December 2, 2020","format":false,"excerpt":"From Andrew Hanlan at Westpac: Output increased by 3.3% in the quarter.....well above the market consensus (2.5%). Over the year, activity is still down by 3.8%, after the recession in the first half of 2020, which saw output fall by 0.3% in March and slump by 7.0% in June associated\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\/17747","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=17747"}],"version-history":[{"count":4,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17747\/revisions"}],"predecessor-version":[{"id":17751,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17747\/revisions\/17751"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=17747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=17747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=17747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}