Category Archives: Macroeconomy

Chat with 4BC’s Scott Emerson about Qld economic outlook

I had a great chat this afternoon with 4BC Drive program presenter Scott Emerson about the Queensland economic outlook. Among other things, we chatted about the Deloitte Access Economics report which was nicely summarised by the Brisbane Times as ‘Queenslanders … Continue reading

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

Qld CHO emergency powers extension bill submission

Yesterday 5pm was the deadline for submissions to the Queensland Parliamentary Inquiry into the bill to extend the COVID-19 public health emergency and the Chief Health Officer’s emergency powers until 30 September. Queensland’s Parliament has only one chamber and the … Continue reading

Posted in Brisbane, Macroeconomy | Tagged , , , , , , , , , | 1 Comment

Brisbane Lockdown 2.0 – the sequel no one wanted

To keep Queenslanders safe, our state government has decided to lock down the over2 million residents of Greater Brisbane for the next three days, but its sudden, unexpected announcement at 8am sparked immediate panic buying in our supermarkets, and an … Continue reading

Posted in Brisbane, Budget, Macroeconomy, Queensland Government | Tagged , , , , , , , , , , , , , | 4 Comments

COVID compared with wartime economic impacts – my latest podcast episode

The latest episode of my Economics Explored podcast features a conversation on whether COVID can be compared to wartime. The episode considers the different scales and scopes of the shocks, and what it all means for prospects for economic recovery. In … Continue reading

Posted in Labour market, Macroeconomy | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Proposed COVID Royal Commission – great ABC radio interview from Scott Prasser

Dr Scott Prasser, Senior Fellow at the CIS, gave a great ABC radio interview this morning on the proposal from former state Premiers Peter Beattie and Jeff Kennett for a Royal Commission into Australia’s COVID response. For background, check out … Continue reading

Posted in Health, Macroeconomy | Tagged , , , , , , , , , , , | Leave a comment

Christmas Eve post-6pm public holiday should have been repealed in this year of COVID

A prominent Brisbane man about town and long-time QEW reader has reminded me that last year I posted on the ridiculous Christmas Eve half-day public holiday, and he said that it was particularly costly in this year of COVID. Here’s … Continue reading

Posted in Labour market, Macroeconomy, Retail trade | Tagged , , , , , , , , , , , | 2 Comments

Qld Treasurer was premature in claiming recovery to pre-COVID jobs level

Last month, I dissected the Queensland Treasurer’s bold claim that more Queenslanders are working now than were working pre-COVID (check out my 21 November post). I thought it was a bold claim given a) the substantial sampling error at the … Continue reading

Posted in Labour market, Macroeconomy | Tagged , , , , , | Leave a comment

Money and cryptocurrency – my latest podcast episode

When I recorded the latest episode of my Economics Explored podcast last Friday afternoon, the price of one Bitcoin was a bit above US$18,000 after having failed to get beyond US$20,000 in the previous weeks. In my chat with my … Continue reading

Posted in Macroeconomy | Tagged , , , , , , , , , , | 1 Comment

Huge swings in Bitcoin value make it hard to believe it will ever replace traditional currencies

The Bitcoin price was getting close to US$20,000 at the end of last month, but has since come down to a bit over US$18,000. In March, it was around US$5,000 (see chart above). There has been a lot of speculative … Continue reading

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

Aussies over-confident after being over-compensated by Gov’t for COVID-recession

Today we learned that, as Reuters reports, Australia consumer sentiment hits 10-year high (see chart above). This is despite Chinese trade restrictions and the looming insolvency tsunami in the new year and the fiscal cliff in April 2021. Sure, given … Continue reading

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