While it has been subject to some criticism, the real issue missing from the IGR is modelling of one entire side of the Budget – the tax side. As a result, an opportunity has been missed to enable a more informed discussion for the Tax White Paper.
Major banks are suffering huge losses from both directly backing some struggling oil companies, but also from buying high-yield debt that is now going sour.
When it counted, Malcolm Fraser was a man of courage who acted in the national interest in a way that often clashed with his image, and party interest.
Under Swan as Treasurer the AGR was absurdly optimistic because it was written in the middle of a boom. Under Hockey we get pessimism because we are in a decline.
If government is to deliver more jobs, welcoming greater foreign investment and continuing to grow our residential and industrial development pipeline will also be necessary.
The time has come for policy makers to go further than in the past and actively look at measures that adjust the price of property assets and land values more broadly.
Second, we could find ways to get the media to stop their incessant message: young is sexy, and only young people are sexual creatures.
The three pillars of the notorious Washington Consensus were fiscal austerity, privatisation and liberalisation. They are precisely the principles that the Abbott government espouses, and implements when it can.
The private issue of negative interest rate paper money was re-introduced into Germany in 2006. It has spread to a number of regions indicating its acceptance.
Lower prices should push up consumption, but how quickly and how fervently consumers respond will go a long way to determining when the glut will subside.
Heads up: a competitive market leads to efficiencies, not a monopolistic market. Even if such a market has one player: a private company.
In particular, population is likely to be the largest driver of housing demand. Pretty obviously, more people results in an increase in demand for housing.