By Joe Montero
The American job creation fiction constantly presented is important for Australia for two reasons. One is that the Australian economy is significantly integrated into the American one, and what goes on there is going to have an impact here. The other, is that Australian governments have the habit of falling into line with American policy, and this includes economic policy. Continue reading The truth about American jobs and its replication here in Australia
By Joe Montero
The worrying rumbles threatening a storm within the American economy are getting louder, and we’d better all watch out. Continue reading The American economy really is in trouble
By Joe Montero
Just about everyone is talking about the dark economic clouds on the horizon. The numbers and politics don’t look good. The only certainty is that both the global and Australian economies are becoming increasingly unstable. Continue reading The truth about unemployment in Australia must be told
Australian Bureau of Statistics (ABS) retail sales figures released on 2 August confirm that the nation is entering the worst retail trade period ever recorded. In a nutshell, the Australian the economy is in real trouble. Continue reading Keeping on pretending the economy is good is self-defeating
From the Australia Council Of Social Service (ACOSS)
With a Grattan Institute report out yesterday, showing the Government’s proposed high-end (Stage 3) tax cuts would make our tax system less progressive than at any time since the 1950s, The Australian Council of social Service (ACOSS) is calling on Parliamentarians to stand up for a fair and sustainable tax system. Continue reading Grattan Institute report shows high-end tax cuts unfair risky and expensive
By Joe Montero
Australian Competition and Consumer Commission (ACCC) chair Rod Sims is saying that he has lost faith in privatisation and deregulation. Continue reading ACCC chair Rod Sims’ turn on privatisation and what really lies behind the problem in the first place
By Joe Montero
As the trade war being waged by the United States against China escalates, and China responds by imposing its own counter moves, the world economic system begins to tremble. Continue reading Trade war threatens an already weak global economy and Australia has a place in this too
By Joe Montero
Perhaps some people are a bit tired of hearing about the weakness in the Australian economy. But alongside the emerging climate crisis, this is one of the two most challenging and important matters of our time. Continue reading Australia’s sick economy calls out for organising the economy in a different way
By Joe Montero
Australia’s Scott Morrison government remains as committed as ever to delivering its tax cuts. Continue reading Tax cuts will bring real benefit to only a few and bring harm to most
By Joe Montero
There is a consensus among economists and financial commentators. This is that the global economy and Australia are heading for severe recession. Australia is performing economically at its worst, since the 2009 aftermath of the previous year’s Global Financial Crisis. Continue reading Economic storm clouds directly ahead
