Tag: Australian economy
Swan foresees surplus, Aussie banks mull rate hikes and the latest in business
Leon and Garry talk about Treasurer Wayne Swan’s announcement that the government is headed for a larger-than-expected surplus. They look at speculation that Australia’s biggest banks could be forced to raise interest rates independently of the Reserve Bank decision. But they won’t do it until after the federal election.
Too busy to read the papers? Press play to listen instead.
It's been a heavy news week. Talking Business is a podcast review of the Australian economy, presented by seasoned business journalists Leon Gettler and Garry Barker, produced in association with the RMIT College of Business. Just press play to listen.
RBA clears way for an August election by keeping rates on hold
Leon and Garry look at how the RBA has cleared the way for an August election by keeping rates on hold at 4.5%. Inflation is building a head of steam with the latest jobs figures showing unemployment now at 5.1% and the ANZ jobs series showing more companies are hiring.
Are higher interest rates looming ahead of the election?
RMIT economist Sinclair Davidson talks about the employment figures and Australia’s current account surplus. While it’s good news on the surface, it signals interest rate rises which he predicts will come in August, coinciding with the federal election. He also predicts that banks will raise their rates even higher than the RBA rate.
How to ‘Win that Job’: Paul Lyons on the Australian recruitment market
Recruitment company Ambition’s chief executive Paul Lyons talks about the Australian recruitment market and skills shortages. Gen Y and Baby-Boomers might have more in common than you think.
How to 'Win that Job': Paul Lyons on the Australian recruitment market
Recruitment company Ambition’s chief executive Paul Lyons talks about the Australian recruitment market and skills shortages. Gen Y and Baby-Boomers might have more in common than you think.
The death of Keynesian economics: How government stimulus could hurt Australia
In this week's interview, RMIT economist Steve Kates talks about the death of Keynesian economics. He shares the growing view that stimulus packages around the world have increased debt, have not reduced unemployment and have made the crisis worse. He warns that Australia will feel the impact over the next year when China starts unwinding its stimulus package.
Treasury chief Ken Henry should be replaced, while Gillard seeks new economic advisers
In this week's overview of the economy, RMIT economist Sinclair Davidson voices the belief that Treasury chief Ken Henry is likely to be replaced, while Julia Gillard seeks new economic advisers. He says the Gillard Government will need to slash spending to bring about the budget surplus she says the government is committed to achieving.
The mining tax does not ‘stack up’, government spending crowds out private investment and...
Talking Business is a weekly 15-minute podcast review of the Australian economy, presented by seasoned business journalists Leon Gettler and Garry Barker, produced in association with the RMIT College of Business. It features interviews with prominent business leaders and expert analysis from RMIT academics, such as Sinclair Davidson
The mining tax does not 'stack up', government spending crowds out private investment and...
Talking Business is a weekly 15-minute podcast review of the Australian economy, presented by seasoned business journalists Leon Gettler and Garry Barker, produced in association with the RMIT College of Business. It features interviews with prominent business leaders and expert analysis from RMIT academics, such as Sinclair Davidson
Talking Business: The Australian Economy [7 June 2010, PODCAST]
Leon and Garry talk about the Australian share market and its worst May performance in 26 years, driven largely by the panic in Europe. This may explain why the RBA has kept interest rates on hold. However, the respite might be short lived with Australian exports surging by the most in three decades and inflation gathering pace. Australian GDP grew by 0.5% for the first three months, driven largely by Government spending.
What is GDP and what is contributing to its growth in Australia? [PODCAST]
RMIT economist Alberto Posso talks about Australia’s GDP rising 0.5%, raising questions about the Government spending crowding out private sector investment. He also looks at the drop in mining investment and asks whether manufacturing and agriculture can level the balance.
Australian business investment returning back to 2008 levels [PODCAST]
RMIT economist Steve Kates talks about business investment, which is headed back to 2008 levels. He also looks at construction activity which appears to be flat with reduced investment in residential housing. This will exacerbate the housing shortage. He predicts high debt levels will drive inflation around the world as governments are forced to print more money to stay afloat.
Seeing the wood AND the trees: Why Andrew Grant sees ‘carbon sinks’ when he...
Andrew Grant is chief executive of CO2 Australia Limited, the market leader in the establishment and management of major reforestation projects, forests that operate as carbon sinks, absorbing carbon dioxide to lessen the impact of greenhouse gas emissions on the global climate. He talks about the challenges and opportunities of carbon trading schemes.
Seeing the wood AND the trees: Why Andrew Grant sees 'carbon sinks' when he...
Andrew Grant is chief executive of CO2 Australia Limited, the market leader in the establishment and management of major reforestation projects, forests that operate as carbon sinks, absorbing carbon dioxide to lessen the impact of greenhouse gas emissions on the global climate. He talks about the challenges and opportunities of carbon trading schemes.
Australian wages are expected to grow, yet more Australians are filing for bankruptcy [PODCAST]
Frank Lowy is now the richest man in Australia according to the BRW rich list. The property and mining sectors are the country's most profitable sectors. Meanwhile, more Australians are filing for bankruptcy because of unsustainable home loans. Garry Barker and Leon Gettler talk about 'The Week in Review'.
The budget, the mining tax, falling shares… why is the government "all over the...
RMIT economist Sinclair Davidson talks about the latest employment figures, which look positive. He criticises the mining super tax, saying the government is all over the place on the issue and questions assertions in the Federal Budget that we are headed back for a surplus.
The budget, the mining tax, falling shares… why is the government “all over the...
RMIT economist Sinclair Davidson talks about the latest employment figures, which look positive. He criticises the mining super tax, saying the government is all over the place on the issue and questions assertions in the Federal Budget that we are headed back for a surplus.
Gerry Harvey talks about his retirement… not! [PODCAST]
Gerry Harvey, chief of Harvey Norman, is now in his 70s. In this rare interview with Gary Barker and Leon Gettler, he talks about the stupidity of people retiring at 65. He also shares insights on the future of Harvey Norman.
Australian companies' payment behaviour reveals unnerving pattern: Is our economy really recovering?
According to the latest trade payments analysis by Dun & Bradstreet (D&B), the payment terms of Australian firms have risen for the third consecutive quarter.
