Reserve Bank governor Glenn Stevens has all but told the country’s politicians and businesses groups to stop bickering about flood levies, taxes and other minor issues and start focusing on how the economy can ride out the resources boom without too much long-term damage.
Savings ratio
This “recession” is built on rubbery figures
Much has been made of the apparent rise in the savings ratio in the December quarter national accounts, but this could be a furphy, writes Glenn Dyer.
