A lot of people spend a lot of time engaging in the reading of Chinese government tea leaves. It is the modern equivalent of the Cold War exercise of Kreminology where platoons […]
Policy paralysis: Capital flows from China.
Bank “Junk Food” credit, macroprudential and the Australian Banking Royal Commission
With all the excitement surrounding the announcement of a Royal Commission into Australian banks, a few have asked whether there are less drastic options than those recommended by the Glass Pyramid in […]
Real economic reform starts with a Banking Royal Commission
What a week it has been. The Prime Minister Malcolm Turnbull and the Treasurer Scott Morrison have been dragged kicking and screaming by the public, the opposition and even members of their […]
Banker Panic ! Why a Royal Commission is so important.
What a week it has been. The Prime Minister Malcolm Turnbull and the Treasurer Scott Morrison have been dragged kicking and screaming by the public, the opposition and even members of their […]
Fixing politics: How to get rid of political hacks and vote for change in Australia
Are you completely fed up with Australian politics? Fed up with career politicians who can’t even read the constitution and renounce claims to privileges granted to them by foreign powers? Fed up […]
A 3 Step Plan to drain the Australian economic swamp
The Bank of American Merrill Lynch reportedly thinks the RBA monetary policy lever might be broken, while many other are concerned that the rising levels of interest bearing public debt incurred by […]
What do people mean when they say “Sydney is full”
The media in Sydney is currently full to the brim with stories about the fullness of Sydney. Some people like former NSW Premier Mr Bob Carr reckon Sydney was full 20 years […]
A Productive Banking system? A job for RBA and APRA.
Macrobusiness ran a post today about a suggestion that Central Banks like The Reserve Bank of Australia should target nominal GDP growth. The article was critical of the proposal and identified the […]
Mr Pascoe: Only two mistakes…….provided we don’t talk about the big one.
Columns by Mr Pascoe are always entertaining and fun to read, and when the drive to catch eye balls is in harmony with talking sense they can be powerful medicine. In his […]
South Australia pays the price of the LNP obsession with #FakeInvestment
South Australian Premier Jay Weatherill correctly rejects a population Ponzi scheme as an economic plan for South Australia’s future. The biggest challenge facing South Australia and other regional parts of Australia is the preferred […]
Premier Gladys: Selling off NSW homes to foreign buyers by the plane load.
25% of all new housing construction in NSW is sold to a foreign buyer. In addition there are many sales of existing houses and apartments to the hundreds of thousands of foreign […]
Socialism with a spine? Is that the only alternative?
In an article published by the Guardian today John Quiggin discusses whether “Socialism” may find new support now that the flaws in neoliberal economics are becoming impossible to ignore. A lively discussion […]
A Big Australia and the problem of #FakeInvestment: A note for Dr Andrew Leigh
Macrobusiness reported the latest ABS release on demographics. “…….The ABS released its Australian demographic statistics for the March quarter of 2017, which revealed that Australia’s overall population growth rate has accelerated led […]
The end of Oz car manufacturing – “Mission Accomplished” by the LNP, RBA and APRA
So the end of Australian car manufacturing has arrived with closures of both the Toyota and Holden plants to take place by the end of October. Next year Australians will buy close […]
Build to Let: The latest non-solution to a problem that should not exist.
The Australian Financial Review has been providing a lot of ‘supportive’ coverage for the promoters of the new “Build to Let” housing model. Now that it appears that Mr Scott Morrison is […]
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