Bill Evans, long time RBA twitcher, is harbouring some doubts (click link) about the wisdom of the RBA Board cutting the target rate further next Tuesday. What’s up Bill? Why are you […]
Bank Watch: Westpac raising the heat on non-resident /foreign Australian housing speculators?
So Westpac is going to charge non-resident borrowers a bit extra on their speculations in Australian property. The very idea that our local banks would be extending credit to non-residents to speculate […]
How to stop the “currency wars” from destroying the Australian economy (…any more than they already have)
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Houseless, A fiat currency regime is not a WMD because it is easy for […]
The Dad’s Army of Oz Economics are befuddled.
An excellent read at Macrobusiness this morning But on this occasion, I am a bit biased “And is keeping that spiggot open a solution, Gotti? Self-evidently, not. It’s not the content of […]
Economics: The BOS index (beads of sweat) is reaching new highs
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Expect things to get very incoherent as a defunct economic model (neo-lib attitudes to trade and […]
Land mines on the road to ZIRP
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Excellent. However, the final reel of this movie is much more exciting than you […]
If only the public debate about the economy could move on to solutions.
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Unfortunately, while the end of the neo-liberal monetary policy epoch – including the outsourcing […]
Quarantine Breakdown: Infected capital imports are just as bad as infected berry imports.
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) It is not really surprising that we are finding diseased, and unhealthy goods entering […]
Land use restrictions give regions the rough end of the stick.
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Land use restrictions should be relaxed right across the country. Rather than the current […]
Govt – Land Banker (Gouger) in Chief
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) The worst land banking offender is the govt. Ever since the model of outsourcing […]
Scott Morrison for PM? Seriously?
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Is he pragmatic enough to understand that repeating IPA talking points and working through […]
Allow retirees a HECS style way of tapping their asset wealth for retirement income (but keep the banks out of it)
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) As others have noted – increasing the asset threshold would ensure that including the […]
The Oz Banana Republic – Take a bow RBA ‘independence’
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Considering the role the RBA board accepted as the de facto manager of the […]
Rental Vacancies – still far too tight (again Bullwinkle?)
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Good to see that Darwin has managed to hold on to that 3 but […]
Low Vacancy rates = Lazy Landlords
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Good to hear but vacancy rates across Sydney are still very low (circa 2%). […]
Gov Glenn is running out bullets – Are there better options than more rate cuts?
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) “….But what’s the alternative to rate cuts?..” Simple 1. Reduce the unproductive capital inflows […]
Uber decides to try the power of persuasion – About time!
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) What is this prestige requirement for hire cars? That sounds unlikely, just because some […]
Is fixing our broken private debt driven economic model Mission impossible?
This comment was made today at Macrobusiness (link may be locked – but there is a free trial available) Flawse, Your inflexible bladder analogy is over stating the position. Sure the economy should […]
What is the final destination for Oz – ZIRP or NIRP?
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) If overseas central banks are exploring NIRP Australia could attract capital simply by being […]
Our addiction to low interest rates and off-shore debt is killing Oz car manufacturing No. 1
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/ford-threatens-early-exit-jobs-shock-looms/#comment-1082885 It is a crying shame that we adopted policies that bloated our exchange rate with sales of public and […]
Oz Car manufacturing sacrificed for low interest rates and off shore debt
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/ford-threatens-early-exit-jobs-shock-looms/#comment-1083095 I think it is worth keeping in mind that the ongoing but gradually reduced protection of the motor vehicle […]
Is it fair to only restrict foreign ownership in Agricultural Land?
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/coalition-tighten-foreign-agricultural-investment/#comment-1084355 The solution to that problem is to restrict foreign investment in residential property to new builds. That way farmers […]
Time for a Productive Foreign Investment Approval and Audit Authority.
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/coalition-tighten-foreign-agricultural-investment/#comment-1083744 It will be interesting to see how this works in practice with Mr Robb trumpeting FTAs where no questions […]
How will our oz Pollies respond to the economic headwinds?
http://www.macrobusiness.com.au/2015/02/australian-property-big-fat-sell/#comment-1078737 There are plenty of heads winds. Not least being the $95B of household disposable income disappearing down the gullet of the banks to pay interest on household debt mountain. Paying down […]
Trade deficit for 2014 a stinker for a Mining Boom Country
This comment was made this week at http://www.macrobusiness.com.au (link may be locked http://www.macrobusiness.com.au/2015/02/trade-deficit-halves-december/#comment-1054729 Superb effort by an economy enjoying a once in the lifetime mining boom. A deficit of $2.26 B Just […]
Macro Prudential – the great white hope.
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/mb-victory-lap/#comment-1055137 “….However, they may still succeed with their own brand of behind-the-scenes prudential tightening. Let’s hope so….” Why would APRA […]
Was the RBA February cute really about the $AUS or the Debt Machine as usual?
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/bloxo-addresses-rba-wedgie/#comment-1056844 More to the economy than houses? Like what? Even the Governor is clear that the cost of money is […]
Could the LNP lose in NSW in March 2015?
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/backbenchers-call-dead-duck-resign/#comment-1057108 I can’t see the LNP losing in NSW. The ALP in NSW has been in a psych ward for […]
Abbott, electronic graffiti and better policy
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/abbott-nails-foreign-property-investment-reform/#comment-1057122 Ironic how the only smart thing the government is doing was driven largely by a campaign of electronic graffiti. […]
Is cutting rates now a bit desperate?
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/predicted-rate-cut/#comment-1059703 Yes, My preference is that they are not talking about currency simply because the objective of the cuts remains […]
Is the RBA joining the ranks of the currency manipulators?
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/us-iron-ore-ceo-says-oz-manipulating-currency/#comment-1058526 That CEO is exactly right. It is quite clear that while the RBA are refusing to admit it the […]
Is Malcolm more worried about his colleagues?
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/malcolm-hits-phone/#comment-1057759 I don’t think the ALP are what Mr Turnbull has to worry about. The radical neo-liberals and religious extremists […]
Gov Glenn visits the LNP Party room to explain how 0.25% will fire up the Debt Machine.
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/glenn-stevens-attend-cabinet/#comment-1058280 You guys don’t need to speculate The meeting was video taped. Glenn and his Treasury Buddy explained at some […]
Does the RBA and the Government know what they are doing?
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/canberra-awakes-economic-nightmare/#comment-1060580 Very good but lets believe it when we see it. The government has said nothing that suggests it has […]
The problem of exchange rate volatility
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/foreign-worker-visa-fraud-edges-towards-slavery/#comment-1061441 Restrict the unproductive capital inflows and you will get an exchange rate that better reflects our trade performance. Sensible […]
Foreigners workers and unemployment – a political problem approaches?
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/foreign-worker-visa-fraud-edges-towards-slavery/#comment-1061237 “…now is entirely the wrong time for the Abbott Government to be further relaxing foreign worker visas,…” As we […]
Do Aussies seem to want to pay more tax?
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) http://www.macrobusiness.com.au/2015/02/aussies-seem-want-pay-tax/#comment-1061743 I think it may be sarcasm. Hard to tell – The conversation is full of fluff like this – […]
Residex stats and the Sydney Housing Market
This comment was originally made at http://www.macrobusiness.com.au (some of the links may be locked). http://www.macrobusiness.com.au/2015/02/residex-sydney-housing-bubble/#comment-1065019 We can watch with interest just what APRA does, publicly and quietly over Monte Carlos, in the […]
Should interest rates be used to ‘manipulate’ the exchange rate?
This comment was made this week at http://www.macrobusiness.com.au (link may be locked) in response to a post about the RBA rate cute. http://www.macrobusiness.com.au/2015/02/nobody-clue-australias-real-problem/ “…….,Rate cuts to 1% will push the Aussie to […]
RBA cuts in February and everyone is a joker!
This comment was made this week at http://www.macrobusiness.com.au (link may be locked http://www.macrobusiness.com.au/2015/02/rba-slashes-rates/#comment-1055988 Andy, Just imagine the smiles at Coca Cola if Joe Hockey announced that the Dept of Food was going […]
If you want light rail in ACT this is how to do it.
Click link to original version of this comment at Macrobusiness (link may be locked – but there is a free trial available) It may just be election spin designed to appeal to the “big […]
Gold Coast light rail – More pork?
Click link to original version of this comment at Macrobusiness (link may be locked – but there is a free trial available) Hmmm not very tasty sauce http://www.goldlinq.com.au/workspace/assets/uploads/resources/ch13-economic-benefits-and-degislation-4cd89114.pdf CBA of 2.3 but no detail […]
Flat whites, dragsters and the joys of a high $AUS
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) I guess we need to look on the bright side. A stronger $AUS is […]
Conversation with a ‘Capitalist’: Capital Controls
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Pfh007 Capitalist you are being a bit selective. “….not RBA monetary intervention …” Agree […]
The $AUS is not a bubble it is a SkyWhale!
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) It is becoming clear that the $AUS is not a bubble. Clearly it is […]
The $AUS, driveling Utopians, socialists and legs of lamb
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) All that international capital seeking a home and bidding up the dollar is allowing […]
Relying on the saving habits of foreigners.
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Good to see that deposit growth is holding up despite the RBA very working […]
Debt free money
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Another excellent article by SON to distract us for our ambrosia filled weekends. Isn’t […]
How about fixing housing supply before high rates of population growth
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) According to the CIA that drop from a peak over 2% to the present […]
Group exams
This comment was made at Macrobusiness (link may be locked – but there is a free trial available) Doesnt sound like too many people have played team sports. It is a lot […]