5 Year Money
NAB and CBA have set their 5 year fixed interest rate at 5% – a leading signal about the direction of our economy. Time for risk assets or saving? This transitional post-mining boom period will be an interesting one.
The Australian economy – where are we at?
Governor Glenn Stevens provided an update on the Australian economy today (http://www.rba.gov.au/speeches/2014/sp-gov-030714.html). After reading his update, I summarise the key points as follows: * Our domestic economy has been through a period of strong growth in recent years, due to a period of sustained export growth (driven by the resources sector); * The pace of…