Tag Archives: lockdowns

Weekly wrap up – Aussie reopening, Kiwi inflation, oil and petrol prices, and Bitcoin news

My latest Friday livestream covered: accelerating NZ inflation and the implications for interest rates of accelerating inflation in advanced economies more broadly; the great Australian reopening and booming job vacancies (i.e. as noted by the National Skills Commission “Nationally job … Continue reading

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

Good sign the Great COVID Panic will end in Qld soon

A few weeks ago I observed that it took the NRL Grand Final for the Queensland Government to adopt a more rational approach to the pandemic, and now, thankfully, there are further signs of rationality from the Government, with the … Continue reading

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Lockdowns reduce retail trade 14-17% in NSW and ACT compared with pre-lockdown levels

Thankfully, and better late than never, the upcoming NRL Grand Final has forced the Queensland Government to recognise the large economic costs associated with lockdowns, and it has decided not to panic this time, and surprisingly it has not yet … Continue reading

Posted in Retail trade | Tagged , , , , , , , | 1 Comment

Lockdowns cause hours worked to fall below pre-pandemic levels

In August, according to the latest ABS Labour Force data, total hours worked were well below March 2020 levels in NSW (-11.1%), and they were 2.9% below nationally and 0.9% below in Queensland (see the chart below). Victoria was slightly … Continue reading

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Threat of rolling lockdowns and longer border closures damaging business confidence

It’s no wonder many in the Queensland business community are anxious and desperate, as the Courier-Mail is reporting, given the Premier’s apparent abandonment of the national plan on reopening the economy (see Queensland business suffering mental and financial health crisis … Continue reading

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Lockdowns podcast chat with Senator Malcolm Roberts

One thing that has really shocked me during the pandemic is just how heartless, inconsistent, and hypocritical government policy can be, even when it is directed at promoting the greater good. The latest example of that is obviously the Queensland … Continue reading

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

Qld economy should cope better than NSW and Vic. economies, but our tourism regions will suffer badly

The ongoing economic fallout of the Delta outbreak continued this week, regardless of the statistical anomaly, due to people leaving the workforce, that was the reported 4.6% national unemployment rate for July. Queensland had the highest unemployment rate (5.2%) among … Continue reading

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

All going down together

What an awful month it’s been so far. For the first time in 12 months, the Gold Coast airport had no flights one day earlier this week, as reported by the Courier-Mail. Businesses across the country are pleading for help. … Continue reading

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

Higher coal prices helping Qld economy and state budget in this time of rolling lockdowns

Coking and thermal coal prices have recovered massively from their pandemic-induced lows in 2020, providing much-needed help to the Queensland economy and state budget in this time of rolling lockdowns. In the chart below are the one-month and twelve-month-ahead futures … Continue reading

Posted in Mining | Tagged , , , , , | 2 Comments

The Other Side interview on federal debt and lockdowns

Earlier this week I spoke with Damian Coory on his The Other Side program about the massively expanding federal debt and the economic cost of lockdowns, among other issues. The YouTube video of our conversation is embedded below. Given the … Continue reading

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