September 2024
The report the Prime Minister cites against changes to negative gearing actually shows housing would be more affordable and rents barely affected.
Rather than show negative gearing changes are bad, a Deloitte report cited by the Prime Minister concludes they would improve housing affordability and home ownership.
Is the government gearing up for a housing change?
Despite claims that it’d lead to some sort of housing armageddon, reforming negative gearing and the capital gains tax concessions would make the system fairer, says Greg Jericho.
Big profits, but don’t be suckered into thinking mining dominates Australia’s economy
Mining companies love to talk about how much they contribute to Australia’s economy. But really their biggest “contribution” is their profits – and they want to keep more of those.
.House prices aren’t just cooked, they’re deep fried
Australia’s housing market is cooked and capping international student numbers isn’t going to fix it, says Greg Jericho.
Nothing in reserve: households “smashed” by rate hikes
The Reserve Bank is home to the experts on monetary policy – but what happens when they get it wrong?
Chalmers is right, the RBA has smashed the economy
In recent weeks the Treasurer Jim Chalmers has been criticised by the opposition and some conservative economists for pointing out that the 13 interest rate increases have slowed Australia’s economy. But the data shows he is right.
A putrid set of numbers
Australia’s “pathetic” growth figures show that the Reserve Bank went too hard with interest rate increases, says Greg Jericho.
Middle, middle, middle class: Harris’ pitch to the heartland
Greg Jericho, Australia Institute Chief Economist, joins us to examine the Harris-Walz economic agenda.
August 2024
Cashing in on a crisis
Super profits have driven up inflation, robbing all but the wealthiest Australians, says Greg Jericho.
New figures reveal yet again that wage growth is not driving inflation
The growth of wages under enterprise agreements is now as low as it has been for nearly a year.
Pour one out for the big four banks
Australia’s big banks are among the most profitable in the world, so forcing them to compete is essential, says Greg Jericho.
Rate expectations: will Australians get a rate cut for Christmas?
The Reserve Bank Governor may be keeping her cards close to her chest, but a slowing economy means a rate cut this year could still be on the table, says Greg Jericho.
New divides with Paul Bongiorno
We discuss declining social cohesion, the Prime Minister’s visit to the Northern Territory and the cabinet reshuffle with veteran journalist Paul Bongiorno.
Another airline is grounded – should the government buy it?
Flights in regional Australia are an essential public service, so the government could consider stepping in to support the stricken regional carrier, Rex, Greg Jericho says.
How superannuation tax concessions help the rich get richer
Super tax concessions make inequality worse and are at risk of becoming more expensive than the aged pension.
July 2024
A second Trump presidency would send Australia down a dark economic path. Here’s how it might play out
While Kamala Harris has restored some hope for Democrats in November, the likelihood of a Trump presidency still remains very strong. And if that happens, Australia may find itself more damaged than any other major country.
Superannuation tax concessions are making inequality worse
Superannuation tax concessions were designed to encourage saving, but instead they are being used by the wealthiest to avoid paying tax
What would Trump 2.0 mean for the global economy?
The prospect of tariff hikes and higher inflation in a second Trump term has economic policymakers nervous, says Greg Jericho.
Australian workers’ living standards have been destroyed – and there is little good news ahead
Over the next few weeks, the Reserve Bank will ponder just how strong the economy is.
June 2024
Wages are clearly not driving inflation as new data shows wage growth is falling
With wage growth already falling, further interest rate rises would only serve to punish workers who are already suffering.
A nuclear nothingburger
The faux-debate over nuclear energy is a distraction from the main game – reducing our emissions to address the climate crisis, says Greg Jericho.
As the Coalition goes nuclear, Labor is free to ensure fossil fuels are burned with abandon and little scrutiny
The sham of Australia’s climate change policy has been made clear in the past two weeks.
The narrow path
At a time of major uncertainty in the economy, Reserve Bank Governor Michele Bullock’s honesty is refreshing, says Greg Jericho.
Households are hurting. Savings are weak. The future’s uncertain. Is a rate cut near?
The Reserve Bank’s decision to keep rates steady reinforced that the economy at this moment remains one with both good and bad signs, and the RBA governor, Michele Bullock, is refreshingly upfront about the difficulties.
“Sticky inflation” is not Australian workers fault and higher interest rates and lower wages won’t solve it
Australia’s inflation is rising and falling in line with the experience in Canada and the USA despite the RBA not raising rates by as much as did the central banks in those two countries.
Pick your poison
The government is trying to strike a delicate balance in the economy, getting inflation down without sending the country into recession, says Greg Jericho.
Obsessing over the inflation rate misses one key point: the economy is more than just how fast prices are rising
Over the past few weeks some economists and commentators have become rather obsessed and unhinged about Australia’s inflation rate.
“Shocking” near-zero growth a sign that rates are hurting the economy – Jericho
High interest rates have dramatically slowed the economy, pushing many households to their limits, says Greg Jericho.
As wages struggle to keep pace with inflation the numbers of secondary jobs rise
More than 1.1m jobs are now being done by someone who has another job
Why our GDP is going nowhere
Near-zero economic growth is a good sign of how bad things are, says Greg Jericho.
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