Today’s GDP numbers confirm that the AUstralian economy is in robust health. Without Europe, there’d have been no interest rate cuts, write Glenn Dyer and Bernard Keane.
Mining boom
Essential: delay the surplus and share the resources boom
Voters would prefer the return to surplus delayed, today’s Essential Report finds. And voters were underwhelmed with Tony Abbott’s performance during President Obam’s visit.
Peter Costello confesses: a lesson in revisionism and politicking
There is a terrific piece of rhetoric from Peter Costello today at Fairfax. It is a must read in terms of historical revisionism and politicking, writes David Llewellyn-Smith on Houses and Holes on Macro Business Superblog.
The punitive-minded police state cranks up for CHOGM
The honour of hosting this year’s Commonwealth Heads of Government Meeting fits in perfectly with the Perth’s idea of itself as a cultural and economic powerhouse.
Essential: no support for Malaysian solution, Coalition’s biggest lead
Voters would far prefer asylum seekers to be transferred to Nauru rather than Malaysia and nearly a third don’t like either option, new polling from Essential Research reveals.
Hockey’s budget reply fails to grease the gallery wheels
Yesterday Joe Hockey made electoral bribery a key component of the Coalition’s response to the mining boom. Eeconomic debate in Australia reached its lowest point in 30 years yesterday when he addressed the Press Club.
Gazing into the crystal ball of the second mining boom
Australia is entering a second mining boom that will bigger than the first. The bad news is our strong dollar is bad for exports and there are some other important issues at play, says Macro Economics.
Stutchbury: Why nobody picked the rate rise
Before heaping blame on the RBA’s rate rise people need to remember that Australia’s economic circumstances are rapidly changing. Asian demand for our iron ore will drive a massive mining boom and the RBA is determined to keep inflation under control, writes Michael Stutchbury.
Want to double the average income in four years?
Welcome to the WA mining boom! 18 of the top 20 local government areas across Australia that experienced the largest wage and salary growth were in WA. Possum Comitatus investigates the latest Estimates of Personal Income for Small Areas report.
Domestic growth down but the foreigners love our dirt
Today’s economic forecast revisions confirm the mining boom is taking off again and propelling government receipts upwards. To return to surplus quickly, the government just needs to keep a lid on spending.
Megalogenis: Mining the tax boom
Miners doubled the company tax they paid over the first four years of the resources boom, but paid a lower effective tax rate than other industries. George Megalogenis explains the new fascinating data.
Lindsay Tanner: Expect a tightarsed budget
Finance Minister Lindsay Tanner gives his warnings for this year’s federal budget. Expect big cutbacks in spending but apparently no “electoral bribery”. Let’s just wait and see on that one.
The myth of the mining boom
One minute Australians are loving the mining boom, the next they are claiming it’s an under taxed industry and its success drags other industries down. Not fair! argues Mitchell Hooke from the Minerals Council of Australia.
The mining boom’s back, baby
Business investment rebounded strongly in the December quarter hinting that the mining boom was back with added oomph, just as RBA officials predicted.
Irvine: NSW economy like an aging mistress whose lost her looks
NSW missed the mining boom, got flattened by the GFC, then managed to pick themselves up again. But the return of the resources boom will be detrimental and the federal government needs to help a brother out, warns Jessica Irvine.
Colebatch: Don’t let the mining boom blow up in our face
Asia’s growth is ensuring the continuation of the Australian mineral boom, but we need to train more workers — since immigration is not popular — and also protect our other industries, argues Tim Colebatch.
The Chinese want less steel from us
Is the mining boom over?
