Via the Melbourne Institute:
- month on month inflation at 0.1% in August;
- year on year at 1.5%
Trimmed mean did a little better up 0.2 to 1.6% but there is no mistaking the lowflation here.
Interest rates to the bottom then QE as the income shock makes it worse again next year.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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