Monthly Archives: February 2019

Qld mining CAPEX up 13% or by over $1 billion in 2018

Posted on February 28, 2019 by Gene Tunny

The December quarter capital expenditure data published by the ABS today have beaten expectations (e.g. see Business investment rebounds in otherwise cooling economy), which means the GDP figures which will be released next week will very likely be better than expected. … Continue reading →

Posted in Macroeconomy, Mining, Uncategorized | Tagged , , , , , , , | Leave a comment

Trad right on thermal coal – Qld should prepare for possible future decline of industry

Posted on February 27, 2019 by Gene Tunny

Queensland Deputy Premier and Treasurer Jackie Trad is quoted in the Courier-Mail today on the future of thermal coal in Queensland: QUEENSLANDERS working in thermal-coal mines should start reskilling now to prepare for the decline of the industry, according to … Continue reading →

Posted in Mining, Uncategorized | Tagged , , , , , , , , , , , , | 8 Comments

QEW week that was video – coal, negative gearing & the economic outlook

Posted on February 23, 2019 by Gene Tunny

Posts from me and other commentators mentioned or alluded to in this video include: Housing industry round table with Treasurer Frydenberg at Parliament House Latest Qld wages growth and Qld labour market summary from Nick Behrens WTF happened to BNE-CNS? … Continue reading →

Posted in Cairns, China, Climate change, Housing, Uncategorized | Tagged , , , , , , , , , , , , , , | 1 Comment

Ten years since Queensland lost its AAA credit rating

Posted on February 20, 2019 by Gene Tunny

Ten years ago, on 20 February 2009, then Queensland Treasurer Andrew Fraser released the Economic and Fiscal Update which forecast lower revenues, large deficits and burgeoning debt. S&P promptly downgraded the state of Queensland from a AAA credit rating to AA+ … Continue reading →

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Housing industry round table with Treasurer Frydenberg at Parliament House on Monday 18/2/19

Posted on February 19, 2019 by Gene Tunny

I felt honoured to attend a housing industry round table with federal Treasurer Josh Frydenberg and Assistant Treasurer Zed Seselja at Parliament House in Canberra on Monday 18 February 2019. Prime Minister Scott Morrison opened the round table but had … Continue reading →

Posted in Housing, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , , , | 2 Comments

Economic impacts of the North & North West Qld floods – Initial views

Posted on February 16, 2019 by Gene Tunny

All week we have been hearing the awful news about all the dead cattle in North and North West Queensland as a result of the recent floods. An estimate of around half a million dead cattle has been suggested, although … Continue reading →

Posted in Agriculture, Floods, Mining, North Queensland, Uncategorized | Tagged , , , , , , , , | 15 Comments

The North West Minerals Province – A Better Public Sector Investment than the Capital City

Posted on February 11, 2019 by Gene Tunny

The North West Minerals Province – A Better Public Sector Investment than the Capital City Guest post by Craig Wilson* Townsville received the lion’s share of the media coverage in Australia and around the world from the recent flood events. … Continue reading →

Posted in Infrastructure, Mining, North Queensland, Uncategorized | Tagged , , , , , , , , , , , , , | 2 Comments

YIMBY, self-fulfilling prophecies, Cairns tourism & Qld GSP growth: Comments & questions on my outlook presentations

Posted on February 10, 2019 by Gene Tunny

I’ve had several interesting comments and questions regarding my economic outlook presentations last week. YIMBY – Yes in my backyard In my Brisbane Club presentation last Wednesday Qld: Hot or not? I commented on Brisbane City Council’s temporary planning instrument … Continue reading →

Posted in Cairns, North Queensland, Tourism, Uncategorized | Tagged , , , , , , , , , , , | 6 Comments

QEW week that was video – 3/2 to 9/2/19

Posted on February 9, 2019 by Gene Tunny

Earlier today I recorded this wrap up of the past week, in which I discuss my recent economic outlook presentations (with the latest available at the QMCA website), Ken Henry’s resignation as NAB Chair, and Queensland’s state debt, among other … Continue reading →

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

Qld: hot or not? My presentation at the Brisbane Club on Wednesday 6 February

Posted on February 6, 2019 by Gene Tunny

It was a great day to give an economic outlook presentation, with RBA Governor Philip Lowe announcing a change in monetary policy guidance, from saying the next rate movement would most likely be up, to saying the cash rate may … Continue reading →

Posted in Infrastructure, Macroeconomy, Uncategorized | Tagged , , , , , , , , , , , , | 2 Comments