Michael Workman
Michael Workman
barely energy exports few high past paying prices rest risen
The rest of the world is paying very high prices for Australia's mineral and energy exports while import prices, excluding oil, have barely risen over the past few years.
accident moving speed traffic
Like a traffic accident when lanes are closed, it does take a while to get everything moving up to speed again.
ahead consumer expecting further growth housing looking market quarters slower spending starts
Looking further forward, we are expecting slower growth in the quarters ahead as a softening housing market starts to dampen consumer spending growth.
hardware unrelated
It's a hardware issue. It's completely unrelated to the worm.
contract effect export fed few full higher low minerals months prices though values
Export values for minerals just look too low to us. It may be underestimated or just that the full effect from higher contract prices hasn't fed through yet, though it's been a few months now.
ahead conditions core costs currently economy higher inflation points prospect ripe upside wage
With conditions in the US economy currently ripe for pass-through of higher wage costs to consumers, the upside ahead in wage inflation points to the prospect of higher core CPI inflation.
edgy front market top
We are already at the top end but I think the market is a little edgy in front of the CPI number.
data exports net result
You have to go with what the data says, so this result is disappointing for the contribution of net exports to GDP in the quarter.