Prepare for the first interest rate-led business default cycle since the 1991 recession.
This column has been much more constructive on risk since late May when we determined that interest rate markets were finally pricing in the monetary policy tightening required to deal with the near-term inflation threat coupled with our central case that consumer price pressures would start dissipating as supply chains normalised.
The long and variable lags inherent in monetary policy tightening cycles mean that it is inevitable that in the first phase of that process we see large cross-currents in data releases that have something for everyone. While some economists will criticise the compositionally-adjusted office wage results, they crucially conform almost exactly with CBA’s wage index, which tracks actual income payments into 300,000 bank accounts.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘I am here to kill the Queen’: Man with crossbow breaks into Windsor CastleA man who got into the grounds of Windsor Castle armed with a crossbow told police he wanted to “kill the Queen”, prosecutors say. 7NEWS
Read more »
'I am here to kill the Queen': Man armed with crossbow tells policeA 20-year-old caught with a loaded crossbow at Windsor Castle on Christmas Day allegedly declared 'I am here to kill the Queen', a court has heard, as he revealed the reason behind the attempted assassination.
Read more »
Australian fashion company thriving on Paris catwalks but struggling at homeThe fabrics this company makes locally end up on the catwalks of Paris, Milan and New York but the business is struggling because it can't find skilled workers.
Read more »
Company directors issued with a cyber alertA panel of experts from the law, forensic accounting, insurance and government have rung the alarm bells about inadequate cyber risk management in Australian business.
Read more »
Companies that can’t pass on higher cost punishedCompanies struggling to insulate earnings from higher input costs or provide guidance for future profits have weathered share price declines.
Read more »
Gig economy gets green light to use contractorsBoth the victorious company, Deliveroo, and the Transport Workers Union said the ruling showed why the federal government’s reform process was needed. auspol
Read more »