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.
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.
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.
globally hostage largely market
Our market will be largely hostage to what's going on globally this week.
appears correction due period
A correction or period of consolidation is due and this now appears to be happening.
china commodity driving growth remains strong
The China growth story, which has been driving commodity prices, remains as strong as ever,
asian crisis far risk situation
The situation is far healthier. The risk of another Asian crisis is very low.
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.
assessment australian continue earnings global higher mainstream remains shares slightly stronger thanks yields
Our assessment remains that Australian shares will continue to outperform mainstream global shares thanks to a combination of higher dividend yields and slightly stronger earnings growth.
australian earnings market share strong thanks
So on this basis, and thanks to very strong earnings growth, the Australian share market is still cheap.
bank central consumer economic fuel interest prices rates rising slowing spending
Rising fuel prices will keep a lid on consumer spending for some time, slowing economic growth. The central bank will keep interest rates on hold.
global growth insulated looking mining portraying rely resources returns stocks tragic woes
Returns aren't going to be as tragic as some are portraying because the mining stocks are still looking fine. The resources stocks rely more on global growth so, to a degree, they're insulated from many of the woes afflicting our own economy.
argued australian collapse commodity dollar europe fall few global growth impending prices seems strong stronger telling thanks time
Some have argued the fall in the Australian dollar at a time when commodity prices are still strong is telling us global growth is about to collapse. However, there are few indicators of any impending collapse in global growth or commodity prices. In fact, global growth seems to be strengthening thanks to stronger growth in Europe and Japan.