International Reads:
- New poll shows it’s the greedflation, stupid. 85 percent blame ‘corporate greed’ as a cause for inflation – Daily Kos
- Japan unexpectedly slips into recession, Germany now world’s third-biggest economy – Reuters
- Students lose out as cities and states give billions in property tax breaks to businesses – The Conversation
- Americans Blame Corporate Profits and CEO Salaries for Price Increases – Navigator Research
- Percentage of Americans expecting improved financial situation highest in almost 4 years: Survey – The Hill
- Top 1% of U.S. Earners Now Hold More Wealth Than All of the Middle Class – Bloomberg
- What is behind the US economy’s surprising strength? – Yahoo
- Recession has struck some of the world’s top economies. The US keeps defying expectations – Independent
- Dozens of Banks Rapidly Piled Up Commercial Property Loans – Bloomberg
- Retail sales tumbled 0.8% in January, much more than expected – CNBC
- UK economy in recession as households cut spending – The Guardian
- US factory output contracted in January for the first time in three months – Finance and Trade News
Local Reads:
- Politicians call for changes to ‘unfair’ HECS repayment system – ABC
- Greens’ plan to axe tax concessions would see house prices fall, Max Chandler-Mather says – The Guardian’
- Bob Katter says it’s illegal for Australian businesses to refuse his $50. That’s false – Crikey
- Australia’s tax system is worse than it was 15 years ago, and young people are paying the price, Ken Henry says – ABC
- Federal education department under fire as taxpayer money splurged on fine dining – ABC
- At least six banks affected by network outages, with payments, transfers and account access hit – ABC
- Australia unemployment hits 2-year high as jobs growth sputters – Reuters
- ‘No body, no parole’ laws to be tested in High Court after release of ‘Esky Killer’ – ABC
- The awful truth at the heart of Australian housing policy – The Guardian
- Mass student enrolment cancellations as universities rush to protect ratings – The Age
- Adrian Orr: ‘We are targeting core inflation’ – Interest.co.nz
- Economists say it’s surprising high interest rates have not damaged house prices more – Interest.co.nz
MB Media Appearances:
A detailed interview with Luke Grant on Radio 2GB discusses former NSW Premier Dominic Perrottet’s claim that Australia’s mass immigration policy is “lazy economics” and a “ponzi scheme”.
I also explain why Australia is caught in a “population trap” of falling productivity because the nation’s population is growing much faster than business investment, infrastructure and housing.
We also discuss the latest cost of living survey from the ABS, which shows that employee households are being hit hard by soaring rents, mortgage payments, and income taxes, while self-funded retirees are sitting pretty.
An extract of an interview with Sharri Markson (Sky News) and Warren Hogan (Judo Bank) discussing Victoria’s widespread power outage.
I argue that East Coast Australia has shot itself in the foot by creating an artificial shortage of firming power (gas). This has made the energy system more fragile and expensive.
In the below episode of the Treasury of Common Sense, I go into great detail about the latest report from the NSW Productivity Commission, which asserts that high housing costs are driving young families out of Sydney and that the solution is to “upzone” the city into high-rise apartments.
I explain why the NSW Productivity Commission is being disingenuous by refusing to acknowledge the immigration elephant, which has grown NSW’s population by nearly 800,000 people in the past decade.
We also discuss former NSW Premier Dominic Perrottet’s claim that Australia’s mass immigration policy is “lazy economics” and a “ponzi scheme”.
An interview with ABC Brisbane Drive’s Kelly Higgins-Devine discusses Thursday’s unemployment shocker from the ABS and why the RBA will be forced to cut interest rates quicker.
DLS on Disrupt Radio discussing the potential implications of the war in the Middle East on the global and Australian economies:
DLS on Disrupt Radio where he explains why the RBA will be forced to cut soon amid the flailing economy:
