Category Archives: Reserve Bank

Of razor gangs, budget cuts and the policy mix

In the Channel Nine series Underbelly Razor – as in real life – Sydney’s criminal matriarch Tilly Devine did not hesitate to wield the razor to keep her motley empire in line and protect it against incursion by rival gangs. … Continue reading

Posted in Budget, Gillard Government, Global Financial Crisis, Interest Rates, Mining Boom, Reserve Bank | Leave a comment

The true cost of NIMBYism

A home is the biggest purchase most Australians will make in their lifetime and yet most of us know very little about the forces that determine what types of homes are available to live in and what we must pay … Continue reading

Posted in Housing, Reserve Bank | Leave a comment

Euro zone a car crash: best keep your eyes on the road

You know how most of the traffic created by a car crash is not the crash itself, but everyone slowing down to have a rubberneck? Well, the same thing can happen with economies. And fair enough, the unfolding car crash … Continue reading

Posted in Banks, Budget, Currency, Employment, Gillard Government, Global Financial Crisis, Interest Rates, Mining Boom, Reserve Bank | 1 Comment

Don’t Panic! You’re all going to panic now, aren’t you?

IS THERE any more surefire way to induce widespread panic than the phrase “don’t panic”? Well, here goes anyway: DON’T PANIC. May as well leave panicking to the fickle souls trading daily in financial markets, if only because they are … Continue reading

Posted in Employment, Global Financial Crisis, Interest Rates, Mining Boom, Reserve Bank | 1 Comment

Whither house prices?

Want to hear some good news? Amid the sharemarket turmoil, street riots and other portents of impending apocalypse, relative calm has descended on the Australian housing market. Home affordability has improved.

Posted in Banks, Employment, Housing, Interest Rates, Reserve Bank | Leave a comment

US credit rating downgrade explained

PERHAPS the most confusing thing about the first-ever downgrade to the credit rating of the United States government is the way it simultaneously says everything, and nothing, about the future of the world economy. In simple terms, a country’s credit … Continue reading

Posted in Banks, Budget, Gillard Government, Interest Rates, Mining Boom, Reserve Bank | 9 Comments

Don’t be fooled by the whinging, we’re ok

We don’t like carbon taxes and we don’t like boats. Mention population growth and we’re at each other’s throats. We don’t like interest rate rises and we disdain debt. We can’t stomach liars and we never forget. Australians, it seems, … Continue reading

Posted in Behavioural Economics, Employment, Housing, Inflation, Interest Rates, Reserve Bank | 3 Comments