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Tag Archives: banks
Most houses approved in one month in Qld since time of high interstate migration in 90s
The Housing Industry Association was quick to proclaim Detached Building Approvals Reach Record High after the ABS published the December building approvals data today. “Detached building approvals” are approvals for houses, as opposed to approvals for apartments or townhouses. Obviously, … Continue reading
Posted in Housing
Tagged abs, banks, buildingapprovals, buildingindustry, construction, corelogic, gdp, gsp, homebuilder, houseprices, interstatemigration, jobkeeper, jobseeker, monetarypolicy, propertyprices, qld, queensland, rba
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Behavioural Finance podcast chat with Dr Tracey West of Griffith Business School
The latest episode of my Economics Explored podcast considers the emerging field of behavioural finance, which is basically the application of behavioural economics to finance. It considers lessons from this field for households, investors, and governments. The episode features an … Continue reading
Corporate Governance podcast chat with Stephen Howell from Effective Governance
In my latest Economics Explored podcast episode, I speak with Stephen Howell, Principal Advisor of Effective Governance, part of the Hopgood Ganim Advisory Group, regarding the importance of good corporate governance to a well-functioning economy. One of the leading textbooks … Continue reading
Why the world needs economists – latest podcast episode
In my latest podcast episode, I explore what economists do and why the world needs them. I talk about the important roles that economists play in advising on government budget and economic policies and on the feasibility of specific projects, … Continue reading
Posted in Budget, Competition policy, Macroeconomy
Tagged banks, budget, economics, economists, feasibilitystudies, finance, google, government, hedgefunds, industry, infrastructure, policy, privatesector, programs, regulators, utilities
1 Comment
The Deficit Myth and Modern Monetary Theory – latest podcast episode
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 australia, balancesheet, banks, bonds, centralbank, crowdingout, debt, deficits, economics, economy, fed, fiatmoney, inflation, mmt, modernmonetarytheory, money, qe, quantitativeeasing, rba, unemployment, usa
2 Comments
Credit cycle in downswing phase
There is a lot of disappointing economic data coming out for Australia lately. Today the ABS released its January 2019 Lending to households and businesses estimates which confirmed the credit cycle is in the downswing phase (see chart above). This … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged abs, australia, banks, credit, creditcycle, lending, melbourne, property, propertyprices, sydney
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Thankfully Hayne recommendations are fairly benign – respected commentators have started panicking over economy
Many economists and finance commentators were concerned that the recommendations of the Hayne Royal Commission into banking would lead to further restrictions on credit availability with adverse consequences for the economy. Thankfully the recommendations seem pretty benign, nothing that the … Continue reading
Posted in Housing, Uncategorized
Tagged amp, auseconomy, banks, buildingapprovals, haynerc, housing, royalcommission
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A question you could ask RBA Deputy Governor Guy Debelle at ESA Qld business lunch on 22 August
Ten years after the 2008 financial crisis, economists are still debating whether the policy response at the time was excessive or insufficient (e.g. the excellent recent Macro Musings podcast with Larry Ball on the Lehman collapse) and whether banking needs … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged banking, banks, brisbane, esaqld, finance, ft, rba, vollgeld
6 Comments
Great work BDO, which had the best Budget summary (and a highly entertaining breakfast)
Leading accounting firm BDO consistently produces the best federal Budget summary, and this year’s did not let them down. The sub-title of the 2017 Federal Budget summary is: A quick sprint to the finish line for housing affordability, but still … Continue reading
Posted in Budget, Uncategorized
Tagged auspol, banklevy, banks, bcec, bdo, budget, federalbudget, housingaffordability, negativegearing, suncorp, super, tax
1 Comment
Corporate whistleblowers need better protection
At the QUT Business Leaders’ Forum lunch at the Sofitel in Brisbane on Monday, NAB CEO Andrew Thorburn was subjected to a tough line of questioning from the forum moderator, veteran ABC journalist Kerry O’Brien. Thorburn generally performed well, although … Continue reading
Posted in Uncategorized
Tagged asic, australia, bankingroyalcommission, banks, corporationsact, nab, quitam, whistleblowers
2 Comments