Trump may be just what Australia Needs

_87740375_ad745816-231a-4270-beb6-afc0463d5656Notwithstanding the shock-horror first reaction to Donald Trump’s stunning victory, when the dust settles, the next president of the USA has already shown some good signs for both the US and Australia.

Firstly, the aged old idea that we will always have a friend in the White House was never true. More accurately, we always had a friend in the White House as long as we did what we were told. Those days are now over. We have no real friends, just associates and partners.

 

Read more at: The Australian Independent Media Network

Money is a Scary Subject

85The devaluation of peoples’ hard-earned money is what Australians fear most. People fear inflation. Never mind the crime rate, political corruption, nuclear wars, family violence, pestilence and the like, inflation is the king of fear factors.

Read more at: The Australian Independent Media Network

The False Debt-Scare ‘Own Goal’

imageSo, inflation has gone down further to 1.3% for the year to September 2016 from 1.7% in the first quarter of 2016. This is against the RBA’s target rate of 2-3% and all the economic boffins are turning their eyes toward the Reserve Bank guessing as to whether Governor Philip Lowe will reduce interest rates further to 1.25% on Cup Day.

 

Read more at: The Australian Independent Media Network

Get off your arse and do something!

3a580d9For a government that won office on the back of a “jobs and growth” mantra, how did she get away with this? Okay, it was Q&A and Cup eve and people were distracted. But for the Health Minister Sussan Ley to go on the public record and say, “Governments don’t create jobs, governments don’t make it happen,” is a symptom of the delinquency of this government.

 

Read more at: The Australian Independent Media Network

A Dismal Tale of Failure

jobOver the last 12 months, Australia has recorded a loss of 86,500 full time jobs and the creation of 196,000 part-time jobs. Employment growth for September was negative, yet the overall rate fell by 0.1% due to a 0.4% decline in the participation rate, i.e. unemployed people giving up looking for work, either permanently or temporarily.

Read more at: The Australian Independent Media Network

Is Q&A losing it?

audience15If last week’s Q&A panellist Grace Collier is simplistic enough to think the unemployment problem would be solved by those looking for work simply starting their own businesses, why was she on the program in the first place?

 

Read more at: The Australian Independent Media Network

Foreign Debt Explained: It’s not what you think.

imagesZYE2J0BKDuring a recent Q&A with Adelaide University’s Economics lecturer, Dr Steven Hail, I asked several questions about the much misunderstood subject of Australia’s foreign debt position. Steven has a Ph.D. in economics, from Flinders University, and Bachelors and Masters degrees in economics from the London School of Economics. 

 

Read more at: The Australian Independent Media Network

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