The Classroom Economist

As part of the 'The Classroom Economist' podcast created to support the study of VCE Economics through passionate Haileybury Economists.

[OECD Economics @OECDeconomy]

🇦🇺Australia recovered strongly from the COVID-19 storm, but growth is now slowing as financial conditions tighten. Monetary policy will need to remain restrictive to manage inflation. Labour market pressures are expected to ease.

➡️ https://t.co/CgCbxRyhgw

[Ross Gittins @1RossGittins]

With governments, you get what you pay for https://t.co/ZqQv2EXyon #ausecon #ausbiz #auspol

[Christopher Weinberg @CRJWeinberg]

Adverse supply factors #MGSEco

[David Pocock @DavidPocock]

How do we have good faith debates on important issues when there is so much misinformation, anonymous & bot accounts, etc?

The Voice is a request from First Nations people for recognition and a way to have a say on issues that affect them.

[Ross Gittins @1RossGittins]

What they don't tell you about productivity improvement https://t.co/lzk3cqUGVt #ausecon #ausbiz #auspol

[Rugby Victoria @RugbyVictoria]

We congratulate Rugby Victoria Life Member Tim North KC on being recognised in the 2023 King’s Birthday Honours List, having been awarded the Order of Australia Medal in recognition of his outstanding contributions to the sport👏

Read more via 🔗 in bio

[Christopher Weinberg @CRJWeinberg]

My Y12s cheered at 1130 when we refreshed the ABS page! #MGSEco

[Christopher Weinberg @CRJWeinberg]

The power of AS factors #MGSEco

[Stephen Koukoulas @TheKouk]

Fabulous news on inflation - the free fall continues.
Inflation - monthly data - has fallen from a peak of 8.4% in Dec 2022 to 5.4% in June 2023:
Quarterly, the 0.8% rise is around 3.25% annualised with further falls certain.
RBA has over-egged the rate hikes.
My Two MInute Take

[Haileybury @Haileybury]

Discover exciting teaching opportunities at Haileybury Pangea by joining our online information session.

Don't miss this chance to shape young minds and be a part of our world-class online school.

Discover more and register now via https://t.co/1GImkbgZRw

[RUSH_CLUB_Haileybury Rugby @hy_Rush_Club]

1,2,3 Bloods!

Our 1XV ran out with a determined defend focus onto Orange Oval on Saturday!

HY 73 def GGS 5

[Patricia Karvelas @PatsKarvelas]

I urge you to listen to these words.

You don’t have to
react - respond

Just let them sit with you.

#istandwithstan

[Jim Chalmers MP @JEChalmers]

This will be a responsible Budget for Australians doing it tough. It has been carefully calibrated so that it takes the pressure off the cost of living rather than adding to it #Budget2023 #auspol #ausecon

[RUSH_CLUB_Haileybury Rugby @hy_Rush_Club]

🙌 Round 3 - here we go!

Which team will you support this weekend?

Follow us and check out our link in bio for all the community news.

#GameReady #HaileyburyRugby #RushClub23

[RUSH_CLUB_Haileybury Rugby @hy_Rush_Club]

Round 3 Results.

Great results on the weekend!
1,2,3 Bloods!

#HaileyburyRugby #RushClub23

[Stephen Koukoulas @TheKouk]

My latest:
To fix the housing problem, the government should become a landlord https://t.co/ZG0tlbPVbz via @YahooFinanceAU

[Ross Gittins @1RossGittins]

If you think any econometric model can adequately capture the complexities of that issue, you're deluding yourself (and the punters)

[Stephen Koukoulas @TheKouk]

The RBA who today said the cash rate needed to be hiked to 3.85% in May and may need to be hiked further is the same one who said, 18 months ago, the cash rate would be 0.10% till at least 2024.

[Stephen Koukoulas @TheKouk]

Wages growth is as soggy as a microwaved meat pie.
Annualised wages growth in the last 2 quarters is 3.25% down from 4% in the prior 2 quarters. The 3.7% YY wages growth is the peak in this cycle.
The RBA has over-egged its rate hikes.
My Two Minute Take