Archives for April, 2015

The Great Australian Tax Debate

The current economic debate in Australian political circles is “how to fix the deficit”. Australia’s deficit as a percentage of GDP is small compared with other OECD countries. But after years of reliance on overpriced commodity exports to China, the country should be in a better position than it is. Read…

Is Water the New Oil?

Nature is cyclical. The Earth was born and it will die, albeit on a different timeframe to human life. Man’s economic systems are also part of the cyclicity of life. But, one of the absurdities of current economic thought is that growth can continue forever. This is hubris, in some…

Australia’s Superb Housing Bubble

This is one of the biggest bubbles in the world, in any sector. By any metric, Australian residential real estate is off the chart. We are approaching “blow off” territory. The Australian median house price to income ratio is around 7 nationally and approaching 9 in Sydney. The median house price…