News about Craig James

The population of Queensland has increased by 1.8 percent year on year, which is twice the national average. In a year, the Sunshine State (Surfers Paradise on the Gold Coast, left) welcomed 94,300 new residents, almost the same as the increase in NSW and Victoria. Annastacia Palaszczuk, the Queensland premier, (right with her deputy Steven Miles) last week convened a housing summit, with vacancy rates particularly high in her region.

Australia came close to being plunged into a recession for the first time since the Reserve Bank raised interest rates so sharply. At its last meeting, the word 'inflation' was used 41 times, taking the cash rate to a seven-year high of 2.35 percent. Borrowers have seen five monthly cash rate increases in total, taking it to a seven-year high of 2.35 percent. It's also the most rapid rate of monetary policy tightening since 1994. Craig James and Ryan Felsman, two CommSec economists, said that vigorous rate rises in the mid-1990s nearly sparked a slowdown.

Scott Pape, a Barefoot investor, has advised a 21-year-old woman not to bother her parents, who are worried about the loss on the Australian stock exchange. The benchmark S&P/ASX200 has dropped 7.6 percent since peaking at 7,628,9 points last year, with the index now at 7,046.9 points. Apps - particularly tech stocks, have dropped from $2.35 to just 95 percent as of Tuesday, with buy now, pay later app Zip Co falling from $20.35 in February 2021 to just 95 percent.