1995 is a good historical reference and history often tends to repeat itself. Just a few months ago, petrol was at $1/L
It has taken half a year of lag time since commodities and oil tanked late last year for the effect of a sharp drop in business capex to show in the ABS figures. Figures for...
if US rates rise, there will be a flow of capital back to the states much like a few months ago strengthening the dollar and weakening most other currencies.
Other central banks will have to follow suit or lose out as the strengthening USD will mean US has better terms of trade.
Yellen...
