Seasoned RBA Watchers always look forward to speeches by Luci Ellis. Although solid as rock when it comes to preserving the sacred myths and fables of modern neoliberal era central banking, there […]
Budget 2017: Plans to cut the CGT concession? Not likely
There is a story running in the Australian Financial Review today by Phil Coorey suggesting that Mr Morrison is thinking about reducing or eliminating the CGT concession that has made residential property […]
House Prices – Can they fall without crashing the economy?
Everyone seems to be agreed that house prices in Australia are high …. very high…. nose bleed high …. international jet set standards high. Sure there are a bunch of Bernard Salt […]
Book Review: The Production of Money – Ann Pettifor
If the Great Financial Crisis “GFC” (Australian for the Great Recession) taught us anything, and to date it appears not much has been learnt, it is that a solid understanding by the general […]
RBA Watch: Lucky Phil settles a tough room.
Over the soft tinkle of China and silverware, amidst the contented purrs as Peach Melba slid from hundreds of spoons, the Lucky Country Central Banker in Chief Governor Phil ‘Lucky’ Lowe cast […]
Border Farce: Dutton’s Open Borders Fiasco
Minister for the Ring of Border Steel, Mr Peter Dutton gives excellent “Serious Sam” as he makes it clear that Winston Churchill had nothing on him when it comes to resisting unapproved […]
MacroPru Crew: The myth of Macroprudential
In recent years a number of enthusiastic groups, the “MacPru Crew”, have claimed that if only the RBA/APRA would fully embrace the doctrines of Macroprudential regulation, Australia could have a monetary policy […]
RBA/APRA Watch – The curtain is slipping…..a bit
The first Tuesday of the month is the scheduled day for monetary policy twitchers to don their pin stripe camo and lurk expectantly on park benches in Upper Martin Place. Their presence […]
US-Australia FTA: Another “dud deal” done dirt cheap
Here is DFATs fact sheet on US-Australia trade that demonstrates the great “dudness” of the FTA deal with the US signed by Howard back in the early 2000’s. Click to access usa.pdf […]