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