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Matthew Cranston

April 2019

The budget papers warn that the second wind from the mining boom won't last.

Federal budget 2019: Iron ore, coal revenue dream won't last

Surging prices have filled government coffers, but budget papers now warn that the second wind from the mining boom won't last.

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The economic implications of the federal budget.

Federal budget 2019: Slowing economy to wipe off $15b in revenues

Treasurer Josh Frydenberg has pared back his forecasts for the economy to be more in line with the Reserve Bank.

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The tax cuts provided could stimulate the economy in a way that would see more televisions purchased at Harvey Norman, which is run by executive chairman Gerry Harvey.

Federal Budget 2019: A 'Gerry Harvey' style stimulus to gladden households

Big tax cuts that deliver a "Gerry Harvey" style stimulus to spending could help growth in consumption.

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Sally Auld, chief economist at JP Morgan.

Federal budget 2019: Economist says budget is a political document first

JP Morgan's chief economist Sally Auld says this federal budget is significant because fiscal and monetary policy are converging.

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March 2019

Residents have serious concerns about drainage and the impact of flooding at the Stockland project.

Residents lock horns with Stockland over Gold Coast project

Residents at Stockland's Riverstone Crossing development at Oxenford in the Gold Coast hinterland are considering legal action

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GetUp's MMT push in Australia 'fraught with danger'

A trendy new modern monetary theory is being promoted by the Greens and GetUp, but economists say it is "fraught with danger".

'Bring out the fiscal cannon': Industry Super chief economist

Some economists believe a rate cut is insufficient and it is time for the government to stimulate consumption and growth.

Rate cut during election a possibility, says UBS

Economic momentum 'is clearly slowing' and the Reserve Bank could move to cut rates in May.

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Australians start to worry about their jobs as business, consumer confidence wanes

A growing number of Australians are worried about losing their jobs following soft economic growth numbers, as a slide in consumer sentiment matches the loss in business confidence and conditions.

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Data shows that 13.8 per cent of the lowest-paid workers are living in the richest 20 per cent of households.

Lowest paid are in richest 20pc of households, survey shows

The lowest-paid workers are more likely to be found living in the richest 20 per cent of households than they are in the poorest 20 per cent, according to new research.

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Home lending sinks further, while business confidence is softer

New lending for homes is down again but the good news is that lending to business is up.

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Wage policy gets attention as the US surges ahead of Australia

Economists say Labour policy needs to be part of the debate now that monetary policy is looking ineffective.

Interest rate changes, not supply, the key for house prices, an RBA paper says

Changes in interest rates are the primary driver behind the movement in house prices and not supply and demand, according to an RBA paper that appears to contradict the bank's governor.

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Juan Valencia, an area manager for the construction of Sydney Metro, says falling house prices won't change the way he spends.

'Referendum on wages' will make Herbert federal election ground zero

Income growth, not house prices, will be front and centre not just for the RBA but for those wanting to win the next election.

RBA's economics puzzle solved by jobs not GDP

Some economists are now saying that jobs data is a better future indicator than GDP figures.

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John Edwards says wage increases without productivity would cause a rise in unemployment.

Former Keating adviser John Edwards warns on wage rise without productivity

Wage rises without productivity will lead to higher unemployment, says former Reserve Bank board member John Edwards.

"I would want to see bit more of a drop in spending before [a rate cut], but consumption growth was up," said John Edwards.

Experts back RBA's confidence in small 'wealth effect'

Former RBA board member John Edwards says spending would have to worsen before the Reserve Bank contemplates rate cuts.

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'The consumer remains stretched and vulnerable in the context of high debt levels, modest wage growth and a low household savings rate,' said Nomura economist Andrew Ticehurst.

Retail sales miss, while trade surges

Retail sales had a 'weak bounce' in January from the Christmas decline that failed to meet market expectations, while Australia's trade surplus almost doubled expectations.

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Rate cut talk increases as economy slows to 2.3 per cent growth

A sharp slowdown in economic growth for the December quarter have economists tipping interest rate cuts could come as early as July and have priced in a full cut by November.

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RBA keeps interest rates on hold

The official cash rate has been held at 1.5 per cent for the 28th time in a row as expectations of a rate cut steadily build.

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Original URL: https://www.afr.com/by/matthew-cranston-13uxvf