The fate of the last three prime ministers is intimately linked to their failure to explain the rapidly changing economic fortunes of this country.
Australia’s multi-decade boom in living standards is now confirmed as over. All the economic indicators and … Read more
Following my recent article on Australia’s epic housing bubble, (and the unavoidable conclusion that the only way to restore affordability is for the market to experience the inevitable crash that follows a bubble of such historic proportions), I submitted an … Read more
No one enjoys being unpopular, especially in our vain, materialistic and often dull contemporary Australia. Popularity is as important to Australians as soy flat-whites, low-hanging filament light bulbs, and the eponymous weekend real estate lift out. Oh, and having 24 … Read more
So bubble mania has finally hit the mainstream. The housing bubble question has landed squarely at the feet of the Prime Minister and his treasurer, and only 10 to 15 years late… What a relief it is then to hear … Read more
If there was ever any doubt that the great Aussie Housing Bubble is bad for the economy, David Murray’s repeated warnings about our banks and financial system should clear that up. The chair of the recent financial system inquiry today … Read more