Patrick Commins

Economics editor at Guardian Australia. Formerly of The Australian and Australian Financial Review.

[Peter Tulip @peter_tulip]

The starting point for any useful discussion of housing policy is an acknowledgment that prices and rents should not keep rising.
Neither party is capable of that yet.
https://t.co/RXn2mlFmbY 1/2

[Patrick Commins @ComminsP]

@BenPhillips_ANU @PBO_AU Bracket creep?

[The Australian @australian]

The Reserve Bank’s struggle to tame inflation is being exacerbated by $230bn worth of state and territory infrastructure spending and a failure to slow the mammoth pipeline of road, rail and energy projects. https://t.co/bSN9nYBvni

[Glenn Mitchell @MitchellGlenn]

Interesting comments by Stuart Broad during the 2013 Ashes series after he edged to slip and didn’t walk:

🏏 #Ashes #ENGvAUS

[Patrick Commins @ComminsP]

Great from @tomdusevic:
"Does Albanese take the well-worn road of ever more debt, with its risky delusions of exceptionalism and free money? Or can it reinvent how we earn our way in the world via its work-in-progress brand of values-based capitalism?"
https://t.co/Lm1rQtD1Nn

[Ben Phillips @BenPhillips_ANU]

Price controls look to be more important for child care than rents. Average annual growth for child care prices (gross) last 18 years 6% compared to rents 2.7% and the overall CPI 2.5%.

[Patrick Commins @ComminsP]

@MizenRonald Boy, Lowe wrong on both counts

[Patrick Commins @ComminsP]

@TapasStrickland @MizenRonald @chrisedmond well if demand is easing across the economy than hopefully easing input costs in other areas will allow for lower prices and some wage adjustment

[Patrick Commins @ComminsP]

@TapasStrickland @MizenRonald @chrisedmond Yes but maintaining real profits is different from driving inflation, that's the point, isn't it?
As I read today in this guy's blog...
https://t.co/QyVVvGvLkS

[Patrick Commins @ComminsP]

@MizenRonald looking forward to catching up and hearing all about it. Thanks for pointing me towards that discussion re the IMF report - that Breunig guy's post on car prices was great ✌️

[Patrick Commins @ComminsP]

@mikejanda It might be because the minutes from the last RBA board meeting explicitly mentioned that particular monthly CPI measure
https://t.co/rB4ZKFe7tO

[Patrick Commins @ComminsP]

@MizenRonald Lovely to see that paternity leave has not kept you out of the weeds!

[Patrick Commins @ComminsP]

@MizenRonald Totes. IMF reckons profits are driving inflation in Europe, as per below.
And given our oligopolies you would expect we would be prime territory for price gouging.
https://t.co/YIzdujzGFm

[Patrick Commins @ComminsP]

I had hoped to embed said snazzy charts, but here's a screen shot from @PBO_AU

[Patrick Commins @ComminsP]

The @PBO_AU has some very snazzy charts showing Australia's projected long term financial position
https://t.co/WXq3EVfD4w

[Edmund Tadros @edmundtadros]

Come work at the @FinancialReview
covering accountants, consultants and more.
We're looking for a Professional Services Reporter
https://t.co/G3OhYwnJsD

[The Australian @australian]

Australia recorded the largest annual population increase in the nation’s history after two Covid-affected years, despite a rise in the number of deaths and a drop-off in births: https://t.co/VjwOavxDqS

[Patrick Commins @ComminsP]

A lot going on today but just wanted to note that Australia's unemployment rate is lower than it was when the RBA started its shock-and-awe series of 12 rate hikes.

[Matthew Knott @KnottMatthew]

This decision seems utterly inexplicable.