Dear Reader, In the past 29 years, from late 1991 to early 2020 prior to the COVID-19 pandemic, the US suffered two recessions beginning in 2001 and 2007. During that same period, Australia had a grand total of zero recessions. None, nein, nada. Australia had a recession that ended in late 1991. Then it went […]
Australian Economy News: Updates and Insights on Australia's Economic Landscape
When most people think about the ‘Australian Economy’, the first thing that’ll often come to mind is mining and banking. Two industries that dominate our total productive output both locally and abroad.
It is, however, a little more intricate than that...
Australia is a prime exporter of many commodities. Many of which are mined, but some of which aren't. And while iron ore has certainly been our forte for a number of years now, we have quite the unique mix of materials across our vast country.
Freezing the Economy while the World Changes is Dangerous
Dear Reader, Governments are doing a rather good job of keeping the economy together. At least by the measures which politicians pay attention to. House prices, unemployment, GDP, house prices, and house prices, for example. In fact, house prices are doing rather well. ‘Even in the midst of a recession the Australian housing market continues […]
Citizens…Let’s Get Ready to Boooorrrrow
Dear Reader, Today I was going to talk about what will save Victoria. From my 5km bubble, I was going to throw out the idea that perhaps Victorians — with the blessing of our lunatic government — may be able to dig our way out of trouble over the next decade. That perhaps this tiny, […]
More Debts Won’t Save the Big Banks — No More Responsible Lending
Josh Frydenberg seems to think that debt is the solution. And he’s going to make that happen by scrapping ‘responsible lending’ laws. In my opinion though, this lending reform won’t save the banks…
New Bankruptcy Law in Australia — Good for You or Saving the Banks?
Don’t ask me why, but this morning as I was getting ready for work (a whole four metre walk from the bedroom to the study), I remembered a conversation I had with a taxi driver in Vancouver last year.
Time Turning — It’s Becoming Hard to Plan for the Future
Dear Reader, Have you noticed time seems to pass faster the older you get? Ever wondered why? Psychologist Claudia Hammond has a theory. Something she calls the ‘holiday paradox’. Humans perceive the timing of an experience in two ways: while it’s happening and after it’s happened. Our perception of time also changes depending on what […]
