The Australian economy is approaching boom-like levels of growth, making a mockery of all those critics on the conservative side of politics and economics.
Australian economy
Kohler: the government we’ll have to have
The shifts in society that have been caused by the 2007-08 financial crisis are permanent, and need to be faced up to by politicians who have become used to the political stability that has accompanied relative economic stability over the past 30 years.
Parliament is hanging, but the economy won’t fall: economists
Australian stocks have failed to fall off a cliff this morning, despite the dire predictions of the conservative elements of the Australian media that suggested a hung parliament would create mayhem on the market.
It really was the economy, stupid: how Queensland dragged down Labor
Queensland voters punished the Labor Party severely in Saturday’s poll, and perhaps a weak state economy played a much bigger role in the outcome than many commentators realise.
Trading results indictate recovery not as strong as touted
Perhaps all those increasingly confident consumers should look a little but more closely at what is actually happening in the economy.
RBA says economy is robust, so will Swan talk it up in today’s debate?
It’s been three days since the Reserve Bank produced one of the most confident and upbeat outlooks for the Australian economy … and it has been ignored by both sides of the election campaign.
Kohler: cheapening the deficit argument
The Japanese 10-year bond yield has fallen below 1% for the first time in seven years, as bond yields everywhere continue to tumble.
Our Goldilocks economy moment … if you believe the CPI figures
While the CPI figures indicate that cost of living rises have been minimal, in real terms, Australia quietly become one of the most expensive countries globally.
Political snippets: New-found passion? Take it as red, but …
Wonderful to see the redhead firing up a little at her press conference yesterday.
Business As Usual: The game’s bonds, Greek bonds … price pressure here may push up rates …
Global markets are set to feel some real pressure tomorrow, Japan cooling, and why are bonds falling?
Rates remain unchanged as the RBA keeps its eyes on Europe
As expected the Reserve Bank left interest rates unchanged at 4.5% for the cash rate, and it doesn’t look like they will be going up in the near future.
Australia to grow above its trend rate, says OECD
So why didn’t the morning newspapers use the OECD mid-year economic forecast update? The OECD said that Australia will see strong growth this year and next, above its trend rate.
RBA gives itself room for a yes or no on rate rise … or cut
The Reserve Bank board has given itself enough wriggle room to lift interest rates next month … and it has also given itself enough wriggle room not to increase them.
Putting debt through the spin cycle
In 18 months Kevin Rudd and co have managed to get our national debt to a whopping one fifth of a trillion dollars. Prepare to watch Wayne Swan spin out of control with this budget, writes John Izzard.
While indicators show another malaise, optimistic markets ignore grey clouds
Despite myriad indicators that financial markets will fall into another malaise, it appears that Mr Market remains in a state of blessed optimism, ignorant of the grey clouds appearing on the economic horizon.
RBA chief takes tough line on countries with big debts
Is the Reserve Bank tiring of the way some Opposition politicians and some in the media use comments made about other economies and misleadingly apply them to Australia?
Good news for Australia’s economy: our iPods are a rip-off
Australia’s iPod’s are now the most expensive in the English-speaking world. It’s bad news for music lovers, but a good sign for our economy, says Peter Martin: it means retailers can afford to gouge us.
Business As Usual: James Murdoch on the rise … Our GDP at its peak …
James Murdoch rise in the global corporate world continues unabated, Australia’s GDP has never been higher and w here to for the ASX after querying Gunns, Toll Holdings and Nufarm about their lack of timely and adequate disclosure about very large falls in profit?
Economic growth figures support RBA interest rate hike
Despite what we all thought a year ago, 2009 turned out to be quite a good year economically for Australia.
Joye: What’s the difference between CBA and Fannie Mae?
Very little, says Christopher Joye. Just like the once-epic financial institution, our big banks are “too big to fail” — if they go down, so does our economy. Taxpayers will continue to subsidise them, even though they will continue to screw us over.
Unemployment falls as stimulus is withdrawn
Unemployment has plummeted — a small reminder that, for all its problems this week, the Government has got the big picture right.
Kohler: Wake up, Australia!
Australia needs to wake up from its post-GFC smugness, says Alan Kohler, so he’s rounded up a bunch of commentators to look at the big political, economic and cultural issues Australia will face in 2010. If you thought everything was OK, think again.
Gittins: Economists are crap at predicting the future
This time last year economists predicted an Australian economic meltdown. Instead we had a blink and you missed it crisis. Yet we still keep listening to economists’ forecasts. Why the clueless obsession with the future? asks Ross Gittins.
A rear-view mirror on the Australian economy
The latest National Accounts data allows us to look back at how the Australian economy has been travelling, says Bill Mitchell. The good news is the GDP is growing, the bad is that the economy is barely keeping its head above water.
