Monetary policy is no longer fit for purpose

Monetary policy is no longer fit for purpose

Our present problem of sudden,high inflation well demonstrates the bluntness,crudeness and unfairness of monetary policy.

  • byRoss Gittins

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How the psychology of humans explains the inflation resurgence
Opinion
Opinion

How the psychology of humans explains the inflation resurgence

Traditional economic models are an oversimplified version of a complicated reality. We must consider human behaviour to really understand what is going on in the economy.

  • byRoss Gittins
The Fed is ready to choke the US economy to kill inflation

The Fed is ready to choke the US economy to kill inflation

The US Federal Reserve has flagged the need for more “super sized” rate rises and a hard landing for the US economy now seems inevitable.

  • byStephen Bartholomeusz
‘Dr Doom’ Nouriel Roubini expects ‘long,ugly’ recession and a plunge on Wall Street

‘Dr Doom’ Nouriel Roubini expects ‘long,ugly’ recession and a plunge on Wall Street

The economist,who correctly predicted the 2008 financial crisis,sees a “severe” recession in the US and globally that could last all of 2023 and braces for sharp sharemarket losses.

  • byNatalia Kniazhevich
‘Rapid growth’ for meals on wheels despite cost of living pressures

‘Rapid growth’ for meals on wheels despite cost of living pressures

Time poor parents are continuing to choose convenience over cost,giving kid-friendly ready meal company Go! Kidz’s plans for expansion a big thumbs up.

  • byCarla Jaeger
There are dark times ahead for the global economy

There are dark times ahead for the global economy

Soaring interest rates around the world have led to a slump in commodities markets. This paints a worrying picture about the health of the global economy - and what the future holds,

  • byStephen Bartholomeusz
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Reserve Bank of Australia’s rate hikes raise risk of recession
Opinion
Opinion

Reserve Bank of Australia’s rate hikes raise risk of recession

The Reserve Bank’s plan to get inflation down quickly involves allowing a transfer of many billions from the pockets of households to the profits of big business.

  • byRoss Gittins
Surging US inflation sparks fears of a global recession

Surging US inflation sparks fears of a global recession

Surging inflation in the world’s largest economy could lead to steeper interest rate increases in Australia,financial experts have warned.

  • byClancy Yeates
Market meltdown is an ominous sign for interest rates

Market meltdown is an ominous sign for interest rates

US interest rates,and those around the world,may have to rise faster and further after the release of inflation data that was worse than anticipated and sent global sharemarkets tumbling.

  • byStephen Bartholomeusz
RBA governor Philip Lowe won’t resign,but signals more hip-pocket pain ahead

RBA governor Philip Lowe won’t resign,but signals more hip-pocket pain ahead

Lowe admitted that the RBA’s “very large forecast miss” of 2021 had led to “soul-searching” and vowed to improve.

  • byRachel Clun andShane Wright
Cost-of-living pressure mounts on Albanese ahead of first budget

Cost-of-living pressure mounts on Albanese ahead of first budget

Surging inflation and five consecutive interest rate rises have put fresh pressure on the prime minister to use next month’s budget to ease cost pressures.

  • byShane Wright andRachel Clun