Everyone is talking about how to alleviate energy prices this winter, but no one acknowledges that the average household has been getting poorer for more than a decade.
Stagflation is scary.
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We’ve two options of keeping ourselves out of recession, neither of them easy. The government will have to abandon its determination to get the budget into surplus.
Australia has had 24 years of consistent growth. Is it all about to come to a crashing end?
The secular stagnation theory predicts the world will stumble along with anaemic growth and no inflationary pressures for the foreseeable future.
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The major Australian banks have recently cut fixed mortgage rates below 5%. They have done so without any prompting from the Reserve Bank of Australia, which may actually start raising the policy rate…