The disastrous overreaction to Covid 19 by Australian Governments will leave Australia worse off on health and economic grounds for decades to come
Australia’s construction industry cannot supply the housing and infrastructure necessitated by extraordinarily high levels of migration.
Arguably the most significant lesson is that future Governors should intervene with monetary policy far less than he did
By cutting too far the RBA helped create high inflation. Normalising interest rates is the economically prudent response.
The RBA’s errors stem from a lack of diversity in economic analysis, with its often contradictory aims setting it up to fail.
The rapid decline in residential properties available for rent points to a greater proportion of low income Australians becoming homeless
Governments and economists might finally be realising that excessive stimulus creates and exacerbates recessions
With long term bond yields rising, investors are likely to allocate their capital very differently than they did in the last few years
The prospect of a recession normally accompanies a slump in asset prices, but the current starting point and trigger are somewhat different from historical examples
Higher interest rates, dumb politics and euphoric markets are key risks for asset prices in 2022
Rent controls are an example of government intervention in order to fix the problems caused by previous government interventions
The demise of Chinese property developers and the wider impacts are likely to be the credit story of the year