December 2024
It’s all Greg’s fault
We answer your burning questions about the economy in the final episode of 2024.
Let’s celebrate the new normal of unemployment below 4%
Those arguing that Australia cannot sustain unemployment below 4.5% without rising prices and wages have been found to be completely wrong. And it is time they admitted it.
.The economy is people
Immigration and public spending are barely keeping Australia out of a recession.
Sorry BCA – the data shows businesses like investing in Victoria
Despite what the Business Council of Australia would wish you to believe, Victoria is one of the most popular places to invest in Australia.
.Sorry media, neither Victoria’s budget nor its economy is in bad shape
Victoria’s budget and economy are actually doing well – both the state’s public net worth and overall economy recovered solidly from the pandemic.
.November 2024
Making America pay
Trump says he’s going to make other countries pay with a sweeping new tariff regime – but in reality, everyone will lose.
The latest figures show governments can (and should) reduce inflation
Electricity rebates have demonstrated that leaving the fight against inflation should not be just left to the Reserve Bank
.Small change for Big Cash
The government locks-in cash for essentials, plus Elinor dreams of a mortgage and Greg contemplates the passage of time.
All I want for Christmas…
…is an interest rate cut, says Greg Jericho.
Wages are growing faster than inflation – but workers are $8,000 worse off than 3 years ago
A full-time worker on average earnings has lost around $8,000 in living standards over the past three years.
Private health insurance is a dud. That’s why a majority of Australians don’t have it
Right now, final submissions are being made by private health insurers to the government for an increase in insurance premiums next year.
Less for more: Australia’s dud private health insurance system
Private health insurance is getting more expensive and covering less – it’s time for a major rethink, says Greg Jericho.
Approving new fossil fuel mines makes both the climate and housing affordability worse
Every time the government approves a new fossil fuel mines it choose to make it harder for people to build homes.
.October 2024
The free market: no problems, ever!
From the number of retirees experiencing poverty to the lack of competition in the banking system, the state of Australia’s economy leaves a lot to be desired, says Greg Jericho.
The misery business: why economists should cheer up about low unemployment
Record numbers of Australians are employed – that’s a great thing, despite what the interest rate doomers are telling you, says Greg Jericho.
The Liberal’s plan to boost housing is just a $5bn gift to property developers
The Liberal Party’s announcement this week to spend $5bn on infrastructure over 5 years to “boost home building across Australia” will barely make a difference – except to the profits of property developers.
You’re gonna be the one that saves me: Albo’s dynamic pricing crackdown
Consumers are finding themselves caught beneath the landslide of hidden fees, surcharges and corporate price gouging, says Greg Jericho.
Are you feeling NATURE POSITIVE?!
Corporate spin and complex markets distract from real solutions to Australia’s climate and biodiversity crisis, says Greg Jericho.
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.
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