Shane Oliver
Shane Oliver
bank build exactly help increased investment pressure reserve wants
This is exactly what the Reserve Bank wants because increased investment reduces inflationary pressure and will help build capacity.
attractive based bond compared current earnings fair level remains value yields
Based on the current level of bond yields and earnings fair value around 5 600 points, the dividend yield remains attractive compared to alternative investments.
costs easier people pushing retail seems small stock
For the retail investor, a stock that costs $1 seems easier than a big-cap stock that costs $30, $40 or $80, so people are pushing into small caps.
effort largely linked risk
You need to put effort into determining the return, which is largely linked to the risk of the borrower.
data economic generally numbers rates recent reserve rise run soft support
Recent economic data has been on the soft side. There is nothing in the recent run of generally soft numbers that would support another rise in rates by the Reserve Bank.
assessment bounce house mark prices start sustained unlikely
Our assessment is that house prices may have a bounce but this is unlikely to mark the start of a sustained recovery.
asian past stocks themselves turned
Asian stocks have completely turned themselves around the past decade, and they're going higher.
assessment australian continue course earnings global growth higher mainstream next resources shares slightly stronger thanks
Our assessment is that Australian shares will continue to outperform mainstream global shares over the next year, thanks to a combination of higher dividend yields, slightly stronger earnings growth (helped of course by the resources sector) and franking credits.
australian bubble china enthusiasm forms resources risk shares though upside
An upside risk for Australian shares though is that a bubble forms on the back of enthusiasm for China and resources stocks.
appear correction entered fairly global markets period share start strong
Global share markets appear to have entered a period of correction after most markets had a fairly strong start to the year.
cent consensus december growth per profit year
Consensus expectations are for profit growth of 13.4 per cent for the year to the December quarter.
bail coal iron jump prices rely shows trade
It shows you can't rely on another big jump in coal and iron ore prices to bail out the trade deficit.
along bit chinese continues economy few investment motor past solid toward
The Chinese economy continues to motor along at a pretty solid pace. There has been a bit of a rebalancing of the economy over the past few years away from fixed-asset investment toward the consumer.
build capacity coming economic encourage growth investment living maintain mostly needs productive strong sustain
Long-term economic growth is not sustainable if it's coming mostly from remittances. To maintain a strong living standard, the Philippines needs to encourage investment and that will build productive capacity and sustain consumption over the long-term.