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Greg JerichoThe Guardian |
The Australian economy is now so weak due to the Reserve Bank’s 13 interest rate hikes that were it not for commonwealth and state government...
If anyone was under any delusion that Donald Trump was not going to be as bonkers as he said he would be, then his announcement on Tuesday that he...
I always worry when I hear politicians or economists talk about how the economy needs to be administered some painful medicine. Inevitably it means...
The latest wage growth figures should make the Reserve Bank cut rates in December as their absurd worries about a wage-price spiral have been...
Right now final submissions are being made by private health insurers to the government for an increase in insurance premiums next year. In light of...
The federal government’s plan to cut 20% off Hecs/Help has been met with some ludicrous claims about fairness that has to make you wonder if people...
The latest inflation figures delivered both the good news that inflation is below 3% for the first time since early 2021 and the sense that it won’t...
The latest unemployment rate should be met with cheers rather than gloom about it putting off a rate cut. We don’t need higher unemployment to get a...
Skills shortages are nothing new. Ten years ago, when unemployment was 5.9%, I wrote about how business groups were demanding more migration to tackle...
After spending any time analysing policy you quickly realise that politicians expend a supreme level of effort to avoid doing the obvious, and instead...
When the environment minister, Tanya Plibersek, approved three new coalmine expansions last week, she not only failed abjectly to act on climate...
This week came the evidence that governments can reduce inflation. We also saw evidence that companies don’t actually set prices responding to...
This week a friend who lives in Sydney posted a link on social media to the story of a terrace house on the market for $22m. She noted, with the...
The June quarter GDP figures released yesterday reveal just how badly the Reserve Bank has misread the economy. Its decision to sharply raise interest...
Next week’s March quarter GDP figures will once again put the spotlight on the weakness of the economy. But questions about a recession are already...
Banks, I know you will be sad to hear, are apparently doing it tough. So tough that they are starting to cut term deposit rates because they think the...
Right now, a key debate over the economy is between the Reserve Bank and the government over just how hot the economy is running. The RBA suggests...
From worrying about another rate rise, the question now is when the Reserve Bank will move to cut rates. For those wanting to buy their first home,...
The June quarter inflation figures released yesterday brought a sigh of relief from those worried the Reserve Bank might be about to raise rates next...
While Kamala Harris has restored some hope for Democrats in November, the likelihood of a Trump presidency still remains very strong. And if that...
Over the next few weeks, the Reserve Bank will ponder just how strong the economy is. And if it focuses on the labour market, unfortunately the signs...
The sham of Australia’s climate change policy has been made clear in the past two weeks. No, not nuclear power. Last Friday, while everyone was...
The Reserve Bank’s decision to keep rates steady reinforced that the economy at this moment remains one with both good and bad signs, and the RBA...
Over the past few weeks some economists and commentators have become rather obsessed and unhinged about Australia’s inflation rate. You can, I...
The latest GDP figures reveal that the RBA has got its wish of an economy growing so slowly that it teeters on the edge of a recession. Now we wait to...
The latest inflation figures released on Wednesday showed that inflation is “sticky” and is no longer falling at the pace it was earlier this...
On Monday the Productivity Commission released its snapshot of inequality report. As a “snapshot”, the report is just presenting the current...
Remember all that talk about wage-price spirals? About wages driving inflation? All that worry about a wages breakout causing interest rates to...
It seems that some people really want a recession. The estimates of inflation not falling below 3% until the end of next year has led some...
In 2022 Josh Frydenberg gave the budget game away when he was reported justifying the many billions of dollars spent on Aukus by saying, “everything...
Despite what the fearmongers would have you believe, the latest inflation figures showed that inflation remains well under control. Not only is there...
Last week Anthony Albanese finally announced the government’s major plan for the transition to a renewable energy economy. The Future Made in...
This week the IMF told Australians what we already knew – we are hurting from rate rises harder than anyone. But unfortunately, that is unlikely to...
We are now a month away from the 2024-25 budget. And as with all budgets, the choices made matter much more than any big numbers that get the media...
As we gear up for the annual fight over the minimum wage it was nice to hear the governor of the Reserve Bank last week come out in defence of...
When asking “Who screwed the millennials?” should we just apply Occam’s razor and answer “John Howard”? His government certainly shoulders a...
When the February unemployment figures are released on Thursday at 11.30am, there is a decent chance that, according to one measure, Australia will be...
What if 2020 was as good as it gets for housing affordability? Forget gathering around to hear old man Jericho talk about the good old days when Gen...
The latest GDP figures show that the Reserve Bank has slowed things down so drastically that Australia’s economy, for the first time for 40 years,...
In Hollywood everyone knows never to ask for a percentage of the film profits. These so-called “monkey points” are the stuff of legends and mirth....
The good news is real wages are finally going up – and not by so much that the Reserve Bank should be worried that it needs to once again raise...
Australian policy is dominated by interest groups and politicians pretending they are trying to do one thing, while actually doing the opposite, and...
Despite a new year and a new way of doing things, the thinking at the Reserve Bank remains the same – inflation is all about people having too much...
That sound you heard was a massive sigh of relief from mortgage holders across the country as the latest inflation figures pretty much put an end to...
The term “bracket creep” is getting thrown around with wild abandon at the moment, so we might as well get a handle on what it means and work out...
It is fair to say I have not taken a neutral position on the stage-three tax cuts. After all, back in 2022 I was the guy who wrote “the stage-three...
Just in case you were ever worried that the Australian housing market might crumble, the latest ABS housing loan figures show that in November the...
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