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Credit Aggregates Flat

Discussion in 'The Economy' started by Chris C, 1st Dec, 2009.

  1. Chris C

    Chris C Well-Known Member

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    Well the RBA has released the latest credit aggregates:

    It looks like housing is still propping up the economy, though businesses are still rapidly paying down debt.

    With interest rates on the rise and the prospect of significantly higher costs of living about to be placed on households business will need to start stepping into support the economy if this "recovery" is to be sustainable.
     
  2. Chris C

    Chris C Well-Known Member

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    The latest credit aggregates are out:

    RBA: Financial Aggregates February 2010

    It looks like the credit train is definitely on the improve, with broad money supply increasing nearly a full 1% in February! The highest rate since April last year.

    The growth is still being underpinned by property, but unlike a few months ago now it seems that investors are also contributing significantly to the credit growth.

    Businesses obviously still haven't got the memo that we in a "recovery" phase as they continued to deleverage, notching up their 13th straight monthly credit decline, with the rate of decline still being the fastest deleveraging since the RBA began keeping records (1977).

    Here's what the RBA had to say:
     
  3. Chris C

    Chris C Well-Known Member

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    Well the latest Credit figures are out...

    RBA: Financial Aggregates April 2010

    It looks like the credit train I previously spoke about has decided to jump on the brakes... growth levels have fallen significantly, and given the more recent anecdotal evidence from the field it would seem that things aren't going to look much better when the May figures come out...

    Businesses are still leading the charge when it comes to deleveraging...
     
  4. Beck99

    Beck99 New Member

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    it must be my dailylife