Tag Archives: rba

What are investors to make of depression economics?

Posted on February 9, 2015 by Gene Tunny

After the RBA Board cut the cash rate target to 2.25% last Tuesday I mentioned to a friend that the best guide to the world economy since 2008 has been Paul Krugman’s brilliant little book The Return of Depression Economics. … Continue reading →

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

Big year for Econ Society in Qld – the Governor returns & national conference in July

Posted on February 3, 2015 by Gene Tunny

The Reserve Bank of Australia is making a return to the spotlight with the RBA expected by many market players to cut the cash rate today or at its March meeting, to stimulate an economy needing a boost in investment … Continue reading →

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

HIA appears worried RBA will move to rein in housing market

Posted on October 9, 2014 by Gene Tunny

The Housing Industry Association (HIA) released an informative (though possibly naively optimistic) note yesterday titled A Portrait of Australian Home Prices, available at the HIA website, which is basically a message to the RBA that “There’s nothing to see here.” … Continue reading →

Posted in Brisbane, Housing | Tagged , , , , , , | Leave a comment

ABC radio interview on unemployment, the 4% target and the four pillars plan

Posted on September 12, 2014 by Gene Tunny

I was interviewed this morning by Steve Austin on 612 ABC Brisbane regarding yesterday’s unemployment figures, particularly what they mean for the Government’s four pillars plan and its 4% unemployment rate target: Jump in employment questioned I reiterated the point … Continue reading →

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

Speech to University of the Third Age Redlands on the Australian Economy

Posted on August 11, 2014 by Gene Tunny

This morning I addressed the University of the Third Age Redlands at the Donald Simpson Centre, Cleveland on the topic of The Australian Economy: Where we’ve come from, where we’re going. My prepared remarks are reproduced below. I varied the … Continue reading →

Posted in Industry policy, IR, Labour market, Macroeconomy, Migration, Mining, Population, Tax, Uncategorized | Tagged , , , , , , , , | 1 Comment

Qld Budget needs to reflect challenging conditions – asset sales good option to cut debt

Posted on May 29, 2014 by Gene Tunny

The March quarter private capital spending figures released today by the ABS confirm that Treasury was right to make conservative, sub-par growth forecasts in developing the Federal Budget. Queensland Treasury will have to do the same in the Queensland Budget, … Continue reading →

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

Sub-par growth to continue as mining investment falls and govts restrain spending

Posted on May 19, 2014 by Gene Tunny

The Reserve Bank of Australia’s Head of Economic Analysis, Dr Jonathan Kearns, gave an informative presentation this morning on current economic conditions at an Economic Society of Australia (Qld branch) breakfast at the Brisbane Polo Club. The outlook for at … Continue reading →

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Heritage protection imposing high costs

Posted on May 18, 2014 by Gene Tunny

The head of the Financial Stability Department at the Reserve Bank of Australia, Luci Ellis, delivered an excellent speech last week on Space and Stability: Some reflections on the Housing-Finance System. In the speech she observed: The cumulation of individual … Continue reading →

Posted in Housing | Tagged , , , , , , | 6 Comments

Residential building approvals have recovered nicely – but some weakness still in regions

Posted on March 4, 2014 by Gene Tunny

It appears Master Builders Queensland was right to report last month that Queensland builders are optimistic (see my post on the report), with today’s new residential building approvals from the ABS showing a strong upward trend nationally and in Queensland … Continue reading →

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

Further decline in exchange rate would be good news for Qld tourism

Posted on July 2, 2013 by Gene Tunny

The HIA released an interesting note today forecasting the Australian dollar will continue to decline, possibly down to the US$0.70 to US$0.80 range (see Decline of the Aussie dollar: Where to from here?). I agree with the HIA there are … Continue reading →

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