Laminar Capital

Cameron Rae

There are many signs that the Australian economy is strengthening. Exports of goods and services are rising strongly. Employment growth has been unusually strong. Business investment spending is starting to lift. Despite these positive signs concern remains about the potential fragility of household spending. Slow wages growth and a high... Show More

Cameron Rae

Last week we referred to international forecasting agencies and several central banks starting to consider that inflation may make a cyclical come-back over the next year or two. Yet in Australia most forecasters still see only slow and modest lift in local inflation at most over the next two years.... Show More

Cameron Rae

At the latest combined meeting of the IMF and World Bank the heads of the world’s major central banks seemed close to agreeing that the global economic recovery is entrenched and that inflation is unlikely to stay low for much longer. It was the clearest warning so far that the... Show More

Cameron Rae

Australian households are on average better off than they have ever been mostly because of the large increases in household wealth over recent years and a low unemployment rate closing in on what might be considered the “full-employment” unemployment rate. Yet in this age of comparative plenty the household sector... Show More