Is Australian inequality rising?

By Leith van Onselen Melbourne Institute of Applied Economic and Social Research deputy director, Roger Wilkins, has today labelled “patently false” the claim by Labor leader Bill Shorten that inequality in Australia is rising. From The AFR: Professor Wilkins told the Economic and Social Outlook Conference that the Australian Bureau of Statistics data on which

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Death to the Death Tax!

The front page of the Australian is highlighting that the Labor party is starting to make inequality an issue for the next election, and Leith ran a post yesterday about the Labor party and a possible inheritance tax for next year. I find the whole inheritance tax debate fascinating. In my experience Australian’s have 3


Anatomy of an Auckland housing disaster

By Leith van Onselen Back in March, New Zealand’s Productivity Commission (PC) has released a report entitled “Urban planning – moving beyond the wheel spin”, which basically concluded that Auckland’s housing system is under siege from the combination of rapid population growth butting heads with a dysfunctional planning system, which is unable to cope with


NZ immigration hits another record high

By Leith van Onselen Statistics New Zealand has released its permanent & long-term migration figures for June 2017, which revealed that annual net permanent and long-term migration into New Zealand hit a record high 72,305 people over the year: According to Statistics New Zealand, migrant arrivals were a record high 131,400 in the June 2017


The Greens are in serious trouble

Via The Australian: Greens leader Richard Di Natale­ is facing dire warnings of a slide in his party’s popular support with a leaked internal analysis showing it is on track to lose three of its nine Senate seats, as it reels from the loss of two of its most popular senators. Sounding the alarm over


Labor immigration extremism threatens inequality agenda

By Leith van Onselen In yesterday’s address at the 2017 Economic & Social Outlook Conference, Labor treasury spokesman, Chris Bowen, launched a classic straw man argument against cutting Australia’s mass immigration program, disingenuously conflating the issue with rising global trade protectionism [my emphasis]: This brings me to the broader context in which the budget debate


David Murray chooses his side (and it ain’t yours)

After being suspicious of David Murray when he first emerged as the spearhead of reform for Australia’s banking architecture, we were pleasantly surprised to find he showed great sense and integrity in his inquiry. But, since the announcement of the bank levy, he’s gotten very conflicted and confused, suddenly repudiating positions he held in his


Links 21 July 2017

Global Macro / Markets / Investment: Growth and volatility before and after the Global Crisis – VOX These pictures show how ethereum is taking over the digital currency world – CNBC Ethereum Suddenly Crashes 20% Amid Chatter Of More ICO Fraud; But Goldman Sees Bitcoin Testing $3000 – Zero Hedge $30 million below Parity: Ethereum


Macro Afternoon

by Chris Becker The new highs keep on coming as the BOJ holds fire with no new stimulus or a shift in language with the Yen selling off slightly, helping domestic shares. The rest of Asia keeps firing on all cylinders, with the Aussie unemployment numbers taking a little wind out of the Aussie dollar,