Category: Opinion
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The Stats Man: Massive Australia is coming — let’s not repeat previous errors
Dwell At this time’s column is an invite to consider the longer term, to think about an Australia that’s habitable, inexpensive and truthful for all. We’re taking a look at predictable structural challenges that have to be tackled. In forecasting we should agree on a number of fundamentals. We might be assuming comparatively excessive inhabitants…
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Michael Pascoe: Speech exhibits RBA clueless on employment
You may depend on the Reserve Financial institution to overlook or downplay a significant factor or two when it strays into what’s really taking place in Australia, as demonstrated on Tuesday by the Deputy Governor in a speech titled Reaching Full Employment. Having lastly achieved full employment for the primary time in half a century,…
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Alan Kohler: RBA hasn’t damaged its behavior of creating horribly flawed curiosity calls
The Reserve Financial institution of Ian (Macfarlane) made a mistake in 2000, elevating the money fee thrice after the dot-com bubble burst in March of that 12 months. The final of those got here in August, though it was apparent by then that hassle was brewing. 5 months later, the RBA needed to hurriedly reverse…
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Michael Pascoe: Is the RBA performing out of spite or simply misplaced the plot?
Passing with out discover in April, the Reserve Financial institution pulled a neat little trick, apparently making a number of billions of {dollars} in losses “disappear”. I’ve heard a hearsay Treasury was shocked to grasp the RBA was technically bancrupt, working at a loss because of marking the worth of its large COVID bond purchases…
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Alan Kohler: Why the RBA thinks if there should be a recession, there shall be a recession
Reserve Financial institution governor Philip Lowe advised the Senate Economics Committee on Wednesday that we will’t have actual wages development with out productiveness development. The implication of what he mentioned is that except productiveness improves quick, there should be a recession to deliver wages and inflation down, which was given extra drive by Wednesday’s improve…
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Alan Kohler: How the rise of China modified America – and never for the higher
Two Americas are on show in the intervening time – the one which got here near defaulting on its debt due to the rise of right-wing extremism, and the opposite one which’s having a stockmarket growth due to synthetic intelligence. The opposite day the market worth of AI chip maker Nvidia jumped $US190 billion to…