Asylum Seekers And Benefit Cuts

The recent dismay over Kevin Rudd’s decision to send asylum seekers to Papua New Guinea poses an interesting question. Do we really owe a duty to everyone outside developed countries? It’s a question that is…

No Need For A Car “Tsar” Or Tariffs

Concerns over the viability of the Australian automotive industry have escalated in the wake of Ford’s decision to pull out. There have been calls for a return to higher import tariffs, moves to artificially deflate…

Making Stuff Is Expensive

Making physical stuff is expensive. Ford in Australia, after decades of protectionism and subsidies, has finally decided that the stuff it makes is too expensive. From 2016 about 1200 people will no longer have jobs…

Lowering The Cash Rate Is No Panacea

Last week the Reserve Bank of Australia lowered its cash rate to a record low.The Australian dollar tumbled, and there are rumours that George Soros bet US$1 billion against the Aussie in expectation of that….

No Recovery Can Be Guaranteed

  A recovery from the global financial crisis can’t be guaranteed. There’s no reason why employment, consumer spending and business confidence have to recover in New Zealand. The unwinding of what George Soros calls the…

Reality Check On BRIC Stories

The Brazil-Russia-India-China acronym was first coined by Goldman Sachs economist Jim O’Neill. Ostensibly, it’s a prediction that these four countries will take over the world because of the massive increase in their population, GDP and…

Australia Is In For A Hard Landing

Starting in 2005 a resource boom in Australia has propelled their economy onwards and upwards. All good things come to an end, and I believe that Australia is in for a hard landing. The combination…