Some things went wrong and some things went right. The resulting current account surplus is neither good nor bad.
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Australia is becoming more like the United States. Increasingly, we invest overseas. Our domestic economy is weak.
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The latest data is not promising – central banks must react accordingly.
The long-term unemployed are a growing proportion of the unemployed. It’s hard to work out why.
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We’ve 41,000 more long-term unemployed than would be expected given the unemployment rate. Something has changed.
Treasurer Josh Frydenberg and Prime Minister Scott Morrison at a campaign rally. They’ll have to shore up a weakening economy.
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Frydenberg and Morrison will have to switch from boasting about the economy to fixing it, quickly.
Tip for the ballot box. Labor can manage money. So can the Coalition.
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History shows there’s no best economic manager. They’re both pretty good.
The principles that drive financial markets emphasize short-term profits at the cost of long-term benefits.
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Investors are increasingly concerned about climate change, but for the markets to deploy their full capacities, the dominant principles that guide them need to be revised.
The case for cutting rates is strong, but there’s a stronger case for waiting. The Reserve Bank’s Sydney HQ.
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The Reserve Bank has adjusted rates in previous election campaigns, but it needs to have a very, very, good reason.
Finance Minister Mathias Cormann and Employment Michaelia Cash during debate over the 2017 Australian Building and Construction Commission Bill.
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Employment Minister Mathias Cormann has let the cat out of the bag. The government has been trying to supress wages.
Both Australia’s trend and seasonally adjusted GDP per capita growth rates have dipped below zero.
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The treasurer says 2018 was a year of two halves, but there were signs of a downturn well before mid year.
It’s one thing to have money, it’s another to be able to spend it to best effect.
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Last time Australia got lucky. We are unlikley to get lucky again.
Good economic times have allowed us to become complacent, meaning conditions are ripe.
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It’s been 27 years since our last recession. Conditions are ripe for a populist revolt when the next one arrives.
Philip Lowe tells the Press Club on Wednesday there’s now an even-money chance rates will be cut.
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Rates might need to be cut urgently, and because things are good. Governor Lowe has signalled he won’t wait.
We’re unpredictable, but this could be a one-off adjustment.
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Prices are off, but from unprecedented highs. It could be a one-time adjustment.
How the float was greeted, 35 years ago on December 10, 1983.
The Australian, December 10, 1983
Floating the dollar 35 years ago was a leap into the unknown. Here’s how it has served us well.
At least in the movies, Superman is getting less productive. We are scarcely any more productive than we were two years ago, and it is weighing on wages.
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In the midst of the information technology revolution, Australia’s productivity growth has been slowing. It ought to have been the other way around.
Paul Romer (L) and William Nordhaus (R) have been awarded the 2018 Sveriges Riksbank Prize in Economic Sciences.
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Paul Romer and William Nordhaus both developed the field of economic growth.
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Austerity policies cut Britain’s brief recovery from the financial short and brought recession, stagnation and growing poverty.
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Where now for one of the great emblems of post-World War II global co-operation?
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A future of trade wars and isolationism will not solve the grand challenges which are dragging down fragile economies.
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The system is rigged for a small minority to profit, but are we brave enough to deploy the solutions that would work?