Blogotariat

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.

The really bizarre thing about calls for a UK-style windfall profits tax on gas is that Australia’s already got one.

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.

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.