(coming soon: michaelpascoe.com.au)

Treasury August 2

Deficits, thankfully!

Actual Estimates Projections

2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

Underlying cash balance ($b) -43.4 -19.4 -30.1 -24.0 -4.7 4.0

Per cent of GDP - 2.9 -1.3 -1.9 -1.5 -0.3 0.2

Source: Treasury August 2

The big spend comes later

Source: Treasury August 2

RBA monetary statement May 10

RBA monetary statement August 9

Housing loan approvals

Source: RBA chart pack August 7

Investors investing

Source: ABS August 7

Owner occupier new dwellings finance

Source: ABS August 7

Source: RBA chart pack August 7

Source: Treasury August 2

Westpac/Melbourne Institute August 14

The forgotten recent past

May 2008

Unemployment 4.2%

Home Mortgage 9.45%

RBA core inflation 4.1%

July 30

RESTRUCTURING HAPPENS

Necessity, the mother of productivity

Total capex

Source ABS May 30

Canine Corp

CEO CFO

Mining capex

Source ABS May 30

Treasury PEFO August 13

Manufacturing capex

Source ABS May 30

Source: RBA monetary statement May 10

Source: RBA chart pack August 7

Source: RBA chart pack August 7

PEOPLE – our future

2008 Net migration 315,700 (up 29%) Population growth 2.2% (467,300) 2012 Net migration 235,900 (up 17%) Population growth 1.8% (394,200) (NSW 1.2% Vic 1.8% Qld 2.0% WA 3.5%)Source: ABS June 20

Bell ringer

Source: ASFA white paper May 15

The China exports myth

Source: CEIC, ANZ Bank projection

Source: CEIC, ANZ Bank projection