Macrobusiness posed the question today of whether the RBA will hike rates and concluded that it was very unlikely that the RBA will increase rates before 2024 “Why the RBA will NOT […]

Recently the Glass Pyramid has received requests to provide an explanation of MyRBA that is easily explained and digested over a few crackers and a bowl of hummus or perhaps a beer […]

The newspapers are packed to the gills with bad news about COVID-19. In particular the challenges it presents for the Australian economy where our preferred economic model of pumping up house prices, […]

One question that has been asked about the MyRBA proposal is whether introducing MyRBA risks creating an oppressive “state” money monopoly that a big socialist government run by elites might use to […]

A regular Bootcamp in the local park usually involves some basic fitness equipment including slam balls, kettle balls and battle ropes. Bootcamp for bankers is no different and the following is an […]

Aussie Banks don’t need to be given the boot but they do need a Bootcamp….. to get the flab off and improve their fitness. The best way to get our bankers fit […]

It had to happen. Once Alan Kohler was talking up the wonders of Magic Money on national television, it was only a matter of time before the RBA would strike back….hard. After […]

Earlier this week the ABC posted an interesting and lengthy article headlined “Coronavirus heightens fears bank deposits could be wiped out under ‘ambiguous’ laws” . The subject matter of the article was […]

The last article discussed the importance of reforming the Reserve Bank of Australia (RBA) and allowing ALL Australians (and not just the banks) to open and operate deposit accounts (MyRBA) at the […]

As the COVID-19 pandemic drags on and Victoria enters a new period of stage 3 restrictions the penny is starting to drop that the economic implications are likely to be profound. Now […]

Something else that cannot grow when Australian wages and incomes per capita stagnate is household DEBT per capita ……unless interest rates and lending standards fall. And when household debt can no longer […]

Another tough week for the Sydney property market and the delicate but immaculately dressed ecosystem that feeds on it.   Hammer time hit a depressing 10% of listed auctions despite a week of […]

Well that did not take long.    Only a week after Auction Action warned in “We will make you pay” that the private banks were “crunching credit” to teach us a lesson about […]

It is time to have a closer look at the Reserve Bank of Australia “RBA” as any serious reform of the role of the private banks in the Australian monetary system must […]

It is time to call a plumber!   One that specialises in unclogging the credit pipes that until recently were drenching Sydney property markets with fresh sprays of ‘wealth creating’ private bank credit.  […]

This week saw a major wave of attacks on the ALP proposed reforms to negative gearing and capital gains tax.    One thing is certain this is just a taste of things […]

One of the most common ‘themes’ in questions received in the Glass Pyramid pigeon-post landing zone concerns whether any change is really possible.   How can anyone really hope to disrupt the well […]

Assistant Governor Luci Ellis was back on the podium this week providing some guidance on the ways in which ‘growth’ is supported in the short run and long run in the land […]

It was a day of sun and shadows in Sydney this week.    Bursts of sunshine, miserable drizzle and then some late heavy showers.   Not the kind of weather to shake off […]

Doesn’t time fly. It has been over 2 years since the last “Auction Action” on the Glass Pyramid. In June 2016 the Sydney property market was bubbling away furiously as noted in […]

This is part 5 of the multi-part series “Fixing Oz Banks”.     Earlier parts appear below: Part 1 – Fixing Oz Banks: Why is “taking deposits” so important to bank “lending”? Part […]

Most Australians do not realise that the Reserve Bank of Australia ‘RBA’ is the safest bank in Australia and yet it refuses to allow the general public to open a deposit account. […]

This is part 4 of the multi-part series “Fixing Oz Banks”.     Earlier parts appear below: Part 1 – Fixing Oz Banks: Why is “taking deposits” so important to bank “lending”? Part […]

This is part 3 of the multi-part series “Fixing Oz Banks”.     Earlier parts appear below: Part 1 – Fixing Oz Banks: Why is “taking deposits” so important to bank “lending”? Part […]

In the previous post “Fixing Oz Banks: Why is “taking deposits” so important to bank “lending”?” we considered the features of banks that make them “special” and different to non-banks. Those features include: […]

Recent Glass Pyramids posts “MyRBA: Banking without the banks” and “Fixing Oz Banks: The critical Bank Royal Commission reform” have discussed some major reforms to Australian banking including the introduction of MyRBA […]

The Banking Royal Commission is still in full flight and doing a great job turning a spotlight on the rotten, murky and often crooked Australian banking system but one desperately needed reform […]

This recent Glass Pyramid post “Trade Wars – Easy to stop and even easier to avoid” discussed how trade wars are not determined by the unilateral actions of one country.    The post […]

Nothing generates more interest in living rooms across Australia than predictions about the future of the Great Australian House Price bubble. Generally the Glass Pyramid avoids this “popcorn” pastime, and today is […]

One thing that is increasingly obvious is that the current model used by much of the world for managing public monetary systems is fundamentally broken.  Instead of serving the public interest modern […]

There were always limits to what the Banking Royal Commission could do in the time available and within the restrictive terms of reference set by Prime Minister Malcolm Turnbull.   However, one thing […]

After a dismal record of failure, the enthusiasm of the ideological extremists in the Turnbull government for Free Trade Agreements is as strong as ever.    They are now proposing that Australia […]

The debate about how big the population of Australia should be and how quickly we get there would be a lot more civilised if those promoting a Big Australia were more honest […]

The people of Western Australia have long been irritated by the entitled attitudes of the ‘Eastern States” and Canberra and often with good reason. With the rise of neoliberalism,  the Australian economic […]

While most Australians have been shocked by the dodgy, crooked and corrupt practices that have been revealed by the Banking Royal Commission, there is a widespread view that after a bit of […]