A tale of two economies

Chris Joye shows us how, despite the much feared resources rent tax, Capex spending is blowing out in Australia (ex NAB)

RBA shows that housing has the lowest growth in 34 years.

RBA maintains that Capex is driving inflation and will use interest rates as a tool to slow down overall spending

Historically it is unlikely that the RBA will come to the aid of the consumer who appears to be carrying the burden of the expansion in the mining industry.