Better to bet on the Melbourne Cup than a rate cut this year
CPI figures mean no change in interest rates this year; and some chance of two small cuts in the first half of next year.
CPI figures mean no change in interest rates this year; and some chance of two small cuts in the first half of next year.
David Crisafulli is obviously not a bull-at-the-gate kind of guy. The big downside to this approach is that his administration will just end up a pale imitation of the current Labor government.
The rumour is that the Albanese government will take universal childcare to the next election. It will be the PM’s legacy, just not a good one.
One of the most famous sayings in economics is there’s no such thing as a free lunch. Premier Steven Miles doesn’t believe it applies in Queensland.
Here’s the vision: everyone living in high-rise apartments close to railway stations in the middle suburbs. Windows, sunlight, ventilation and carparking all optional. Current minimum size requirements to be scaled back.
Hydrogen might be the first element in the Periodic Table, but as an element that could power industry – indeed, the economy – it always looked like a nirvana, certainly in the next several decades.
Forget the distraction of negative gearing and capital gains tax. There are some significant and perverse economic developments that the government is ignoring or making worse.
The independence of the Reserve Bank is hanging by a thread. Jim Chalmers is extremely eager to see the cash rate reduced, which would then flow on to lower mortgage rates.
Jim Chalmers looks as though he’s taken a few weeks of a wildly outdated Macroeconomics 101 course and reached all the wrong conclusions. He speaks like an old-fashioned Keynesian pushing propositions that have long been discredited.
Immigration remains out of control and it’s hard to take seriously any pledges to significantly reduce the numbers.
Original URL: https://www.theaustralian.com.au/author/judith-sloan/page/6