The economic models we used in the past haven’t adjusted for the realities of today, like diminished union power and underemployment.
There are signs our frothy housing market, combined with rising interest rates, could have serious consequences for our economy.
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While the key economic signs remain strong, new data suggests many Australians are entering into mortgages without having fully grasped the financial consequences.
The US Federal Reserve is unwinding its bond buying program.
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One day doctors could instantly diagnose your illness with a handheld device.
Australia’s central bank has to deal with a Gordian Knot in deciding how to treat interest rates as conditions shift.
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If former US Treasury Secretary Larry Summers is right, then the unmistakable implication is that the RBA should probably cut rates – perhaps twice – later this year.
Treasurer Scott Morrison called a press conference this week to comment on March-quarter GDP figures.
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Wages are sluggish, underemployment seems stubbornly high, and there is a continued push to part-time rather than full-time employment.
APRA chairman Wayne Byres is leading a crackdown on interest-only loans, but it may not be enough to cool some parts of the housing market.
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