Only 6 weeks to go before Western Sydney drivers find their wallets feel a lot lighter each week as the NSW government turns on those new toll readers over the M4 near […]
Westconnex – For Western Sydney the great toll rip-off starts in August.
Decentralising Australian cities. Why the dream is as far away as ever.
Decentralisation? The dream throughout Australia’s history and a key driver for the creation of Canberra and the government investment in Albury Wodonga in the 1970s. Today the dream lives on as […]
APRA Watch: Non-bank lenders? “LOOK SQUIRREL!”
Michael Pascoe spent some time last week arguing that having APRA do something useful for a change, i.e. restrict unproductive credit creation by our big 5 taxpayer guaranteed banks, was a bad […]
Bank Royal Commission: The wisdom of Ben Chifley in 1937
Although the Turnbull government recently decided to impose a small Bank Levy on the taxpayer protected five large private banks, it remains a very “banker friendly” government and it has been insistent […]
Privatisation of Public Money – The first and worst privatisation
Macrobusiness this morning really got stuck into the rotten state of Australian political economy. Hurrah! The Glass Pyramid made the following contribution to the ensuing debate.
NSWOSR Watch – Gladys keeps foreign buyer data top secret
The March data on Stamp Duty paid in NSW has been released by the NSW Office of State Revenue and still the Gladys foreign buyer “Secret Business” continues. As noted in past […]
Budget Watch: Good debt, bad debt, jubilees and helicopter cash
Footsore Cheers for that. It was an interesting interview and well worth the time. http://www.debtdeflation.com/blogs/2016/12/13/prof-steve-keen-on-private-debt-and-his-solution-peoples-qe/ Though I am surprised that Steve Keen is still pushing the idea of a “Debt Jubilee” as […]
Foreign Debt – Gittins gets it wrong….again
It has been a busy week at the Glass Pyramid as a cloud of confusing and obfuscating commentary on “Foreign Debt” has again descended on the nation. Never have so few worked […]
Scott Morrison’s job killing Foreign Debt addiction
We don’t hear too much about “foreign debt” these days. Neither the foreign debts owed by our private companies and private banks nor the foreign debts owed by our governments especially the […]
Australian Debt: A “Watcher’s” guide
The following comment was made in response to a comment at Macrobusiness EP, “..The slightest withdrawal of the economic stimulant (debt) plunges an economy into depressive conditions…” “..There are other forms of […]
Dig Deeper! – Release foreign ownership data for housing in NSW
It was good to see the ALP making an effort this week to extract data from a reluctant NSW Government about the level of foreign citizen buying of housing and land in […]
Australian Banana Republic: How to fix it before it is too late!
It always sounds odd to argue that we need a lower $AUD but the ‘value’ of the $AUD is very important in determining whether or not Australia becomes a Banana Republic. People […]
NSW Secrets: Gladys, who is buying all the property in NSW?
NEWSFLASH – Since publishing this post on Saturday there has been a flurry of activity by the State Government, as some foreign buyer data for the period July through September 2016 […]
Gas shortages! A National Export Volume Auction is the solution to the Australian Gas Crisis.
The papers are full of stories about Australian companies being gouged and charged top dollar for LNG supplies at the same time as a bunch of international companies extract our gas reserves […]
Bank Watch: Aussie Bank CEOs deny nicotine is addictive!
Sorry there was a typo in that headline. “Bank CEOs deny Australian Housing is in a bubble” is what it should have said but in terms of denying the obvious it is […]
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