Posts Tagged ‘Governor Stevens’

Notes From Underground: The RBA Will Announce Its Rate Intentions. Should We Care?

August 6, 2012

Tonight at 11:30 CST, the Reserve Bank of Australia (RBA) will announce its interest rate intentions. Readers of NOTES know that I place a high value on the RBA as a barometer of the global macro economy. Australia’s huge trade with China provides the best look at the Asian growth story as Australia’s reserves of natural resources provides China with its own COMMODITY HOME DEPOT WAREHOUSE. During the last 12 years, massive foreign investment has poured into the energy, mining and agricultural sectors of the AUSSIE economy and provided the best consistent growth of any of the developed economies.