Entries Tagged as 'housing market'
Australian Economic and Market Indicators – November 2012
November 12th, 2012 · 24 Comments
Finally it seems the Reserve Bank of Australia and Treasury have had to accept that the mining boom has peaked or is peaking, which is something I have been talking about on this site for some years. However the RBA, Treasury and Gillard Government all still appear to be relatively upbeat about the outlook for the Australian economy next year which is surprising, since I don’t see a lot to be optimistic about as I review the stock market, housing market or a few other economic indicators.
Stock charts review: BHP, RIO, GMI, GFF, S&P/ASX 200 Financials & Small Ordinaries Index.
April 13th, 2012 · 1 Comment
Australian stocks seem to be enjoying a broad rally today and I suspect the mainstream financial media will churn out bullish sounding headlines when the market closes. But if we step back and review a few charts it’s pretty clear that the Australian stock market is stuck in a rut and I don’t see it breaking free any time soon.
Australian stock market outlook & forecast for 2012
January 8th, 2012 · 60 Comments
The ASX All Ordinaries Index and S&P/ASX 200 Index finished much lower than I expected in 2011, so this makes me somewhat reluctant to go on record and make an Australian stock market forecast for 2012. However the process of looking at the various economic data and trying to guess where the market will end is a useful one, so foolishly I will outline once again my Australian stock market forecast for the year ahead.
The economy, the Chinese property market & Jim Chanos.
December 16th, 2011 · 27 Comments
As we approach the end of another year we should not be surprised by the economic turmoil in Europe, the ailing U.S. economy or the rumblings of a major slowdown in the Chinese property market. The signs that all was not well with the global economy have been raised on this humble site going back more than a year. Simply put, borrowing vast sums of money and splashing it around did not fix the global economic imbalances highlighted by the market meltdown in 2008.
It’s the stupid Australian economy, stupid.
August 24th, 2011 · 19 Comments
Over the last few months media commentary regarding the Australian economy has turned decidedly gloomy. The wonders of the mining boom are now being questioned, the U.S. and European economies matter again and people are starting to wake up to the reality that an economic strategy that basically relies on China dragging Australia along for the ride might not be that clever.
The Australian economy, the Twilight Zone and known unknowns
June 20th, 2011 · 14 Comments
On a daily basis, dozens of finance and business journalists try to convince the general public that they somehow have an insight into what the Australian economy is doing or how the economy will fare over the next six months or so. But the truth is, nobody has a clue what will happen for the rest of this year as we are still stuck in the Economic Twilight Zone.
Has the Australian economy peaked?
May 31st, 2011 · 16 Comments
Last year when I dared to suggest that the Australian economy was unbalanced and that 2011-2012 could be a period of economic contraction the mainstream financial reporters were churning out “miracle” economy stories. Back then they were obsessed with telling their readers how the mining boom would shower riches across the Great Southern Land, but today many of them have started to sound a lot more cautious.
Are rising Australian home prices good the economy?
February 7th, 2011 · 61 Comments
Often lost in the debate about house and home prices in Australia is the discussion regarding if our national obsession with housing is good or bad for the overall economy. Instead of rejoicing that residential real estate prices in Australia rose during the global financial crisis, maybe we should be looking a little closer at why prices are rising to see what problems this might be causing.
Stock market charts: ASX All Ordinaries, CBA, BHP and HVN
September 4th, 2010 · 4 Comments
If you are confused about the conflicting reports regarding the Australian economy and outlook for the stock market you are not alone. Much of this confusion is caused by financial journalists who one day are talking about a double dip recession and then suddenly switch to chirping about a robust Australian economy once some positive economic data appears.
A federal election, selfish voters and the media circus.
August 17th, 2010 · 32 Comments
Thankfully one of the least productive uses of resources on a national scale, a federal election, will soon be over. As usual the government of the day amazingly comes up with a whole range of great ideas that it failed to come up with during the previous 3 years and the crowd trying to gain power, attempt to convince us that they could do better.
The ASX All Ordinaries, Dow Jones and the Baltic Dry Index.
June 23rd, 2010 · 14 Comments
Stock markets around the world have had a very volatile run over the last few weeks with everything from debt levels in Europe to housing statistics in the U.S. giving scaring investors. But during times of market volatility it is important to try and spot the longer term market trends and not get carried away by sensational headlines or daily market swings.
