Shane Oliver
Shane Oliver
bank both commodity concerned economy given global head higher knock pressure retail strength
The bank is concerned about inflationary pressure in the economy given the strength in the global economy and higher commodity prices. It will be a knock on the head for both retail and housing.
bit consistent consumer decline demand economy expect fall pull rate starting
It's consistent with an economy that's starting to pull back up in Korea, with a bit of consumer demand starting to come through again. I would expect the unemployment rate will start to decline and will fall further.
appears correction due period
A correction or period of consolidation is due and this now appears to be happening.
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.
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.
bank benign cheap consumer environment extremely fuel inflation interest items leave plenty prices range rates reasons remain retail slowing spending thanks underlying weak
Slowing housing, weak consumer spending and benign underlying inflation give the bank plenty of reasons to leave interest rates right where they are. Fuel prices are up, but thanks to an extremely competitive retail environment and cheap imports, prices for a whole range of items remain weak.
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.
china commodity driving growth remains strong
The China growth story, which has been driving commodity prices, remains as strong as ever,
high households housing interest market petrol pressure rates remains slowing
The housing market remains in the doldrums. With the housing market still slowing and households under pressure from high petrol prices, interest rates will remain on hold.
continues data fed homes market pressure sales ultimately
The homes sales data is more important, because if the market continues to slow, that will ultimately take pressure off the U.S. Fed Reserve.
asian consumer fuels general japan performance picture profit shares spending
The general picture is for a substantial performance in Asian shares as consumer spending in Japan and China, in particular, fuels profit growth.
fall lose market per points wall
I don't think we will fall as much as Wall Street. Our market will lose 50 points or 1 per cent.