Monthly Archives: August 2020

The Triumvirate’s Stratagem cannot stand – guest post by Joe Branigan

Posted on August 30, 2020 by Gene Tunny

Thanks to my old friend and former Treasury colleague Joe Branigan for this guest post on the Queensland Government’s response to COVID-19. Views expressed are Joe’s and should not necessarily be attributed to me. GT The Triumvirate’s Stratagem cannot stand … Continue reading →

Posted in Health, Macroeconomy | Tagged , , , , , , , , | 3 Comments

Mining & Ag have partly shielded several Qld regions from COVID shock

Posted on August 28, 2020 by Gene Tunny

As shown in my post on the latest payroll jobs data from the ABS, the regions which have fared the best in Queensland since the COVID-related economic crisis began in March are Toowoomba and Central Queensland, likely due to the … Continue reading →

Posted in Agriculture, Labour market, Mining, Toowoomba | Tagged , , , , , , , , , , , | Leave a comment

Thoughts on the New Normal – latest podcast episode

Posted on August 27, 2020 by Gene Tunny

Regarding a new normal in a post-COVID world, in the June 2020 issue of Monocle magazine, the Editor Tyler Brule wrote: We don’t want a heavy handed ‘new normal.’ We want people to act responsibly but we also want families, … Continue reading →

Posted in Health, IR, Labour market, Macroeconomy, Retail trade, Tourism, Transport | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Gold Coast and Inner Brisbane the worst affected Qld regions in employment terms

Posted on August 26, 2020 by Gene Tunny

According to the latest regional payroll jobs data released by the ABS today, in early August employment on the Gold Coast was still 6% below the level it was mid-March, before all the major COVID-related restrictions began (see chart below). … Continue reading →

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Imperative to avoid bad policy measures like super increase which would set back recovery

Posted on August 24, 2020 by Gene Tunny

Prime Minister Scott Morrison is right to consider delaying the legislated increase in the 9.5% superannuation guarantee rate, which is scheduled to start increasing by half a percentage point each year from 1 July 2021 until it gets to 12%. … Continue reading →

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On the record high Gold price in Aug 2020 – podcast discussion with Darren Brady Nelson

Posted on August 20, 2020 by Gene Tunny

In my latest podcast episode on Gold, I discuss the record high gold price of over 2,000 USD/oz. seen in August 2020 with Darren Brady Nelson, Chief Economist of LibertyWorks and a policy advisor at the Heartland Institute.  Note that … Continue reading →

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National leadership needed on interstate borders

Posted on August 19, 2020 by Gene Tunny

Unless we get a COVID-19 vaccine soon, we’re most likely facing years of profound economic and social pain. Every day brings more news of businesses that will never re-open and jobs lost (e.g. earlier this year Arc Dining closed permanently … Continue reading →

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , , , | 3 Comments

Chief Medical Officers should make their value judgements clear and Premiers shouldn’t just defer to them

Posted on August 14, 2020 by Gene Tunny

The Australian Institute for Progress ran an excellent webinar last night, on the economic response to the pandemic, featuring prominent Australian businesswoman and former ACT Chief Minister Kate Carnell and Griffith University Economics Professor Tony Makin. It’s certainly a good … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , , , , | 3 Comments

The Deficit Myth and Modern Monetary Theory – latest podcast episode

Posted on August 13, 2020 by Gene Tunny

I’ve recorded some thoughts on Stephanie Kelton’s best-selling book The Deficit Myth which is popularising so-called Modern Monetary Theory: The Deficit Myth and Modern Monetary Theory – initial views In my recorded conversation with my Adept Economics colleague Ben Scott, … Continue reading →

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

Qld may see a surge of interstate migrants from Victoria post-COVID

Posted on August 8, 2020 by Gene Tunny

I expect many Victorians suffering through stage four restrictions due to the COVID-19 outbreak will be contemplating a move to Queensland. And some savvy Victorians have found a way to do just that already. For instance, see this Nine News … Continue reading →

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