And the Recessionistas’ remedy for a slowing economy? Increase interest rates again 🙄

I was one of the Australian economists who prioritised easing planning restrictions. The NSW Government seems to be doing a good job on this.

Moonrise over Mosman

Moonrise over Taronga Park

I won’t say I told you so, but I told you so.

Ducks will be ducks

Reserve Bank of Australia: RBA deputy governor Andrew Hauser is right to warn against overconfident economic predictions afr.com/policy/economy…

Greyhound Racing Victoria is investigating allegations Trainer Ivan CHIRCOP tortured 2 greyhounds to death via starvation. A further 3 greyhounds were discovered by investigators and put down suffering "extreme neglect". Others found staving and sick were seized by authorities.

One of Sydney Harbour’s finer displays

Personally, I don’t place heaps of weight on these monthly inflation numbers, but it’s better that they are lower rather than higher. But the Recessionistas demanding further RBA cash rate increases will be furious.

Recessionistas oppose wage rises for nurses, aged care workers and child care workers because, they say, they create a wage-price spiral. They oppose electricity subsidies because, they say, they stimulate the economy. They yearn for a recession as their only policy.

Like two shags on a branch

Yet the Australian Recessionistas are insisting on 2-3 further rate RISES!

Spring is coming. Just ask the water dragons.

It’s official. Spring is ‘ere.

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Those so-called economic commentators complaining that only government spending will save Australia from recession sure are keen that we be in recession.

The RBA has badly miscalculated. It should cut the cash rate now.

The Recessionistas are angry with government spending - which is keeping the economy out of recession. An economy growing at just 0.2 per cent last quarter can hardly be described as too hot.

These are big forecasting misses by the Reserve Bank of Australia The economy is slowing much more than it predicted.