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 […]
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 […]
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 […]
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.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
An excellent interview from Renegade Inc. Professor Richard Werner and David Buik talk with the host Ross Ashcroft about what is wrong with modern banking – especially in the UK. Plenty of […]
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