fiscal policy

Global economies and financial markets are now entering the late stages of the business cycle. Fiscal stimulus has peaked and household purchasing power from savings...

September and October are typically weak seasonal times for equity markets. So far, for September, the ASX200, S&P500 and MSCI World ex-Australia in Australian dollar...

With sweeping lockdowns and a rampant Delta strain, the optimism that was slowly bubbling in June soon dwindled. Economic activity is set to contract, yet in...

Last year brought fiscal stimulus to the world's economy at a scale never seen before. In Australia alone, the government spent $257 billion in direct economic...

Producers in both China and the US are facing higher costs, prompting growing concerns that inflation could threaten the global economy – but China isn’t waiting to...

Global markets have started 2021 with the same enthusiasm for the global reflation trade that has been driving markets since November of last year. We too are focusing...

I write in the AFR this weekend that Standard & Poor’s has confirmed that Australia’s AAA rating is rock-solid despite downgrading both NSW and Victoria...

In the AFR today I write that Reserve Bank of Australia governor Phil Lowe’s greatest legacy will be the fusion he has forged between fiscal and monetary policy since...

The tsunami of monetary and fiscal stimulus this year is a continuation of the policies implemented when the Financial Crisis began. When these first started the few...

In case you missed it, there was another event on yesterday - one that featured bonds and bankers rather than whips and jockeys. The RBA had their November meeting...