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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Monday, July 11, 2022 - 00:10
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Peter Martin
Friday, July 1, 2022 - 14:50
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Homeowners will face mortgage rates near 5.5% in a little over a year, according to a survey of 22 leading Australian economists. The Conversation’s 2022-23 forecasting survey predicts an increase in the Reserve Bank’s cash rate from its present 0.85% to a peak of 3.1% by next August. |
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Peter Martin
Wednesday, June 29, 2022 - 14:42
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Census data to be released Tuesday shows Australia changing rapidly before COVID, gaining an extra one million residents from overseas in the past five years, almost all of them in the three years before borders were closed. For the first time since the question has been asked in the census, more than half of Australia’s residents (51.5%) report being either born overseas or having an overseas-born parent. More than one quarter of the one million new arrivals have come from India or Nepal. |
Peter Martin
Wednesday, June 15, 2022 - 14:37
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The really bizarre thing about calls for a UK-style windfall profits tax on gas is that Australia’s already got one. |
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Peter Martin
Wednesday, June 8, 2022 - 14:16
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By lifting its cash rate by 0.5 points, from 0.35% to 0.85%, the Reserve Bank has added about another $120 per month in payments for a A$500,000 mortgage. If financial markets are to be believed, by the end of this year it will have added a total of $800 per month – and, by the end of next year, a total approaching $1,000 per month. |
Peter Martin
Wednesday, June 1, 2022 - 13:52
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A recession in the US usually brings on a recession in the rest of the world, although not always in Australia. Australia has escaped such a recession twice in the past 50 years. We avoided the early-2000s so-called tech-wreck recession, and we avoided the so-called “great recession” during the global financial crisis. Amid ominous talk about yet another US-led global recession, there’s a chance we could escape for a third time. |
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WixxyLeaks
Tuesday, May 31, 2022 - 20:39
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The Victorian Labor government has done some fantastic work, but principles have to count for something. Just for the record, I canceled my membership to the Victorian Labor Party on the 13th May. Those of you who know me well will know that this hasn’t been a decision I’ve taken lightly, however under the circumstances, it’s a decision that was easy to make. |
Tuesday, May 31, 2022 - 20:39
The Victorian Labor government has done some fantastic work, but principles have to count for something. Just for the record, I canceled my membership to the Victorian Labor Party on the 13th May. Those of you who know me well will know that this hasn’t been a decision I’ve taken lightly, however under the circumstances, it’s a decision that was easy to make. |
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Peter Martin
Wednesday, May 25, 2022 - 13:45
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Stand by for something “reckless and dangerous”. That’s what former prime minister Scott Morrison said Prime Minister Anthony Albanese would be if he asked the Fair Work Commission to grant a wage rise big enough to cover inflation. It would make Albanese a “loose unit” on the economy. |
oecomuse
Friday, May 20, 2022 - 22:43
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You may find this hard to believe, but the 2016 federal election campaign was a full fortnight longer than this one. I remember journalists from the campaign bus complaining afterwards that Malcolm Turnbull was moribund and lazy, booking a single daily event. |
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Peter Martin
Wednesday, May 18, 2022 - 13:05
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The last week of campaigns used to be frantic, behind the scenes. In public, right up until the final week, the leaders would make all sorts of promises, many of them expensive, with nary a mention of the spending cuts or tax increases that would be needed to pay for them. |
Peter Martin
Wednesday, May 11, 2022 - 12:36
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The Reserve Bank is pushing up interest rates to take money out of our hands. The first increase in the current round will add about A$65 a month to the cost of paying off a $500,000 mortgage. The second will add a bit more. If, as the bank’s forecasts assume, there are another four such increases this year, that’s a further $275 a month, and so on. |
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Peter Martin
Wednesday, May 4, 2022 - 12:30
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One of the stranger things about the Reserve Bank’s announcement of why it’s lifting interest rates by 0.25 percentage points is that it suggests inflation will come down by itself. “A further rise in inflation is expected in the near term,” the RBA says, “but as supply-side disruptions are resolved, inflation is expected to decline back towards the target range of 2-3%. |
Peter Martin
Wednesday, April 20, 2022 - 12:16
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This election will be won by the Coalition and Prime Minister Scott Morrison if the economic models perform as expected – and they usually do. |
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oecomuse
Wednesday, April 13, 2022 - 23:10
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Yes hello long time blogger, first time in almost two years post. In late 2020 my life (and writing) became consumed by completing a doctorate, which was eventually conferred in September 2021. I even popped on a floppy hat in December last year. |
Peter Martin
Wednesday, April 13, 2022 - 12:13
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