Monthly Archives: December 2016

2016 brought big surprises, but a comparison to 1848 seems overblown

In his thought-provoking review of the year of Trump and Brexit (After the revolt comes uncertainty), the Weekend Australian’s Foreign Editor Greg Sheridan observes: “…2016 may well be seen by historians as a year of fundamental pivot, of a change … Continue reading

Posted in Trade, Uncategorized | Tagged , , , , , , , | 4 Comments

Recommended holiday reading: The Man Who Knew

The best economics and finance book of 2016 is undoubtedly Sebastian Mallaby’s masterful biography of former Federal Reserve Chairman Alan Greenspan, The Man Who Knew. Greenspan was the man who knew that superficially healthy economies, with steady economic growth and … Continue reading

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Victoria still beating Queensland in interstate migration & population growth

Since late 2012, Queensland has been losing people to Victoria, a reversal of the historically positive net flow of people from Victoria to Queensland (see chart below based on the latest ABS population estimates published Thursday last week). While the … Continue reading

Posted in Population, queensland, Uncategorized | Tagged , , , , , , , , , , , , , | 3 Comments

Should Queensland legalise recreational marijuana use?

My friend and fellow economist Dr Stephen Thornton of Bluegreen Economics has released a report advocating for the legalisation of marijuana for recreational use in Queensland. While the Queensland Parliament has recently passed a law allowing medicinal marijuana use, we … Continue reading

Posted in Social policy, Uncategorized | Tagged , , , , , , , , | 2 Comments

Higher royalties improve Qld budget bottom line, but work still needed on budget repair

As we have been expecting for some time, higher coal prices and thus royalties (see chart below) have translated into a much improved State Budget balance, with the Queensland Treasury now forecasting the biggest operating surplus ($2 billion) in a … Continue reading

Posted in Budget, Uncategorized | Tagged , , , , , , , | 2 Comments

Guest post from Paul McGuire: Some Investment Tips – dos and don’ts

I am delighted to publish this guest post from my friend and former colleague Paul McGuire, who has had a diverse career as a professional economist, including positions in the Commonwealth Treasury, OECD, Australian Government ministerial offices and Queensland Government … Continue reading

Posted in Uncategorized | 4 Comments

Government right to rule out fiscal stimulus

The ½ percent GDP contraction in September quarter that the ABS published last week has raised a lot of questions about the current state of the economy, and whether the Government should do more in terms of economic reform or … Continue reading

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