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Australia Shocks With Bigger Than Expected Rate Hike, As Lowe Admits Embarrassment At Being So Wrong

Australia Shocks With Bigger Than Expected Rate Hike, As Lowe Admits Embarrassment At Being So Wrong In our preview of what was expected to be Australia’s first rate hike since 2010, we said that consensus expects a 15bps rate hike to 0.25%, with a handful of bank still expecting a hold (including CBA, Goldman and […]

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Aussie Reserve Bank, Considering “Extreme Measures”, Admits “We’re Almost Out Of Ammo”

Aussie Reserve Bank, Considering “Extreme Measures”, Admits “We’re Almost Out Of Ammo” At least one reserve bank globally is starting to ponder the question that many central banks across the world will soon inevitably be asking: what happens if we cut to zero and the economy continues to falter? This has led Australia to start considering QE, […]

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How Twisted Minds Function

How Twisted Minds Function The economic theories arising out of Australia are both amusing and frightening. In the latest bit of madness, an economist pleads for more inflation, blaming cheap overseas retailers for Australia’s housing bubble. For mocking purposes only, please consider How Cheap Overseas Retailers are Pushing Up House Prices in Australia. “DOWN Down! Prices […]

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Australian dollar skids to six-year low after RBA shock

Australian dollar skids to six-year low after RBA shock (Reuters) – The Australian and New Zealand dollars weakened further in early trade in Europe on Tuesday after a sell-off following the Reserve Bank of Australia’s surprise decision to cut interest rates. The outlook for both Antipodean currencies has worsened in recent weeks with concerns about growth generating […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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