Unintended Consequences of a Greek Default
Credit spreads for Deutsche Bank and BNP are rising vertically. This is mostly in anticipation of a Greek default.BIS statistics show that Germany,...
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Expect no change from the RBA today
The overwhelming consensus from interbank futures and most - if not all - market economists is that the RBA will keep policy on hold at this...
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A new narrative for the Australian dollar (update)
Two months ago, Evidente published a report which suggested that contrary to the RBA's view that the currency remained over-valued, the Australian...
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Rate cut today, but what of tomorrow?
More policy easing appears to be imminent. Interbank futures suggest there is a 70% probability of a 25 basis point rate cut at today's RBA...
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Beware of bubble talk, for now (Part II)
In last week’s post, I discussed a speech delivered by the RBA Governor in New York on April 21st (The world economy and Australia), in which he...
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