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Recent Posts
- Qld Gross State Product was up 22% in dollar terms in 2021-22
- Qld gaining nearly 1,000 people per week from interstate – new yearly (50k) & quarterly (19k) records
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- Qld’s bolshie budget – my latest thoughts
- Qld state budget: thanks for the billions coal miners, now pay us even more
Top Posts & Pages
- Heat map of Brisbane metro property prices – big opportunities in the Western corridor?
- Top twenty largest cities and towns in Queensland by population
- Fake privatisation of Titles Registry helping Qld Gov’t pretend it has debt management plan
- Which suburbs of Brisbane had the largest increases in unemployment?
- Brisbane inner city and Qld outback get highest Qld Gov't capital spending per person
- Qld the fastest growing state with Southerners flocking here: 41k net migration gain in 12 months to Sep-21
- Japan is Qld’s top export destination once again, but only by a small margin
- Qld Economic Outlook for 2022
- Strata ‘Management Rights’ must be reviewed by the Qld Gov’t – guest post by Stephen Thornton
- Coal the dirty secret behind Qld budget improvement
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Blogroll
Tag Archives: usa
Global stagflation risk increasing – my latest podcast episode
Earlier this week, the World Bank cut its global economic growth forecast and warned of the risk of 1970s-type global stagflation, with a coincidence of high inflation and low growth and high unemployment. I had already decided to cover stagflation … Continue reading
Posted in Macroeconomy
Tagged australia, economics, fed, inflation, interestrates, monetarypolicy, rba, recession, stagflation, usa, wagepricespiral
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RBA is copying the Fed as Michael Knox forecast
In my previous post, I discussed my latest podcast chat with Morgans Chief Economist Michael Knox who forecast the RBA would today increase the cash rate to 0.85%, as it did. As Michael noted, the RBA has been copying the … Continue reading
Posted in Macroeconomy
Tagged australia, cashrate, fed, inflation, interestrates, monetarypolicy, rba, usa
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RBA’s next move: 25, 40, or 50 basis points? Michael Knox says 50 on Economics Explored
Next Tuesday, the RBA will increase the cash rate again, but it’s uncertain by just how much. Reuters is reporting RBA to raise rates a modest 25 bps in June, some call for 40 bps, where bps stands for basis … Continue reading
Posted in Labour market, Macroeconomy
Tagged australia, deficits, economics, fed, gdpgap, inflation, interestrates, monetarypolicy, rba, recession, usa
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Inflation & interest rates chat with 4BC’s Scott Emerson
Yesterday afternoon I had a quick chat with Scott Emerson on his 4BC Drive program about the accelerating CPI inflation revealed by the ABS yesterday (see chart above) and what it means for interest rates, with bank chief economists now … Continue reading
Posted in Macroeconomy
Tagged abs, australia, cashrate, cpi, interestrates, moneysupply, rba, uk, usa
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Optimism at home, big inflation concerns abroad – catch up with my livestream at 11.30am AEST
While Australian economic policy makers are forecasting a growing economy with moderate inflation, policy makers elsewhere are concerned about accelerating inflation. In the federal budget update released yesterday, the Treasury has forecast a growing economy with inflation within the RBA’s … Continue reading
Posted in Budget, Macroeconomy
Tagged australia, bankofengland, bankrate, inflation, jobs, minimumwage, queensland, turkey, uk, usa, usfed
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Livestream featuring US jobless claims, Aussie GDP + farewell to Tony Makin
I did a livestream earlier today with my regular co-host Tim Hughes on the latest economic news of the week, including the latest US initial jobless claims confirming a strong US economy, the impact of the omicron COVID-variant on equity … Continue reading
Posted in Macroeconomy
Tagged australia, coronavirus, covid-19, fiscalpolicy, gdp, inflation, monetarypolicy, unemployment, usa, usfed
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Billionaire and inheritance taxes podcast chat with Prof. Miranda Stewart
There are growing calls to increase taxes on the wealthy in advanced economies such as the United States and Australia. For instance, US Congresswoman Alexandria Ocasio-Cortez controversially wore a white evening dress with the words Tax the Rich written in … Continue reading
Posted in Tax
Tagged aoc, australia, billionairetax, deathduties, inheritancetax, tax, usa, wealth
2 Comments
Role of Treasury in economic policy conversation with Paul Tilley – latest Economics Explored episode
When I spoke with Scott Emerson on his 4BC Drive program last Thursday, I mentioned the federal Treasury would be currently working on options to extend JobKeeper in some form to tourism-dependent businesses. The Treasury has been prominent in developing … Continue reading
Posted in Budget, Macroeconomy
Tagged australia, bonds, centralbank, debt, economicpolicy, economics, government, mint, treasury, uk, usa
1 Comment
Interest rates and inflation with Michael Knox, Chief Economist of Morgans
Jonathan Shapiro has an interesting article in the Financial Review, Why the market has suddenly woken up to inflation, in which he writes: …the lower-for-longer [interest rates] doubters are re-emerging. They believe deliberately slow-to-act central banks in the US and … Continue reading
Posted in Macroeconomy
Tagged australia, bearmarket, bonds, fed, inflation, interestrates, monetarypolicy, qe, quantitativeeasing, rba, usa
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‘Hollywood Australia’ supported by generous tax credits and other government subsidies
The Australian is reporting ‘Hollywood Australia’ a $1.5bn movie blockbuster extravaganza, covering the surge in international film productions such as Thor: Love and Thunder filming in Australia. This is partly related to Australia’s success in managing COVID and also to … Continue reading
Posted in Industry policy, Tax
Tagged australia, corporatewelfare, cronycapitalism, economics, filmindustry, foxstudios, government, hollywood, industryassistance, louisiana, subsidies, taxcredits, usa, villageroadshow
2 Comments
Queensland Economy Watch 