Gareth Hutchens

Gareth Hutchens

RBA: Australia may be on cusp of much-needed boost in housing supply

Gareth Hutchens RBA deputy governor Philip Lowe says Australia may finally be on the cusp of a much-needed change that will slow the rate of house price growth.

RBA warns against 'chronic pessimism' in Australian culture

RBA deputy governor Phillip Dr Lowe says that opportunities 'will go begging' if we are too pessimistic.

Gareth Hutchens The Reserve Bank has warned that Australians must not let their current uncertainty about the future mutate into "chronic pessimism" if they want to stop their living standards deteriorating.

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Some of the best economics teachers are genuine storytellers

Gareth Hutchens A mesmerising raconteur who could summon ghosts shows how to unlock the language of economics.

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Moronic lesser minds make a meal of migration

Nationals MP George Christensen peddles a fallacy when it comes to refugees.

Gareth Hutchens Queensland MP George Christensen, federal member for Dawson, is a moron.

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Investment returns trump low costs, says RBA's Philip Lowe

RBA deputy governor Philip Lowe.

Gareth Hutchens High expected investment returns, rather than by the low cost of finance or low wages, will do more to turn Australia's economy around, says RBA official.

Economists scramble to revise their projections for the dollar

The most bearish forecasters say the Australian dollar could head towards US50ยข.

Gareth Hutchens Economists are scrambling to revise their projections for Australia's dollar after it sank below US70¢ this week, hitting a six-and-a-half-year low.

Falling dollar will see prices of household goods rise

The low dollar is a plus for exporters and those receiving dividends in US currency.

Gareth Hutchens The lower dollar might hurt consumers buying imported products, but for exporters and our economy it's the right medicine.


Retail sales slip for first time in 14 months

So you've bought it - but what happens if you discover it's 'not quite right'?

Gareth Hutchens Retail sales fell 0.1 per cent in July, the first nationwide decline since May last year.

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Reserve Bank says low wage growth could reflect shift in bargaining power of labour

Mr Dennis said he

Gareth Hutchens The surprise improvement in Australia's labour market this year could reflect a "general shift" in the bargaining power of labour, a Reserve Bank official has admitted.

Business Council will not take review of workplace relations lying down

BCA chief executive Jennifer Westacott says digital disruption warrants significant changes to industrial laws.

Gareth Hutchens Big business has warned it will not take the Productivity Commission's review of workplace relations reform lying down, saying last week's draft report did not "properly" deal with Australia's awards...

Reserve Bank warns high property prices are encouraging huge transfer of wealth from younger to older generations

Rising housing prices is benefitting the older generation, not the younger.

Gareth Hutchens The Reserve Bank has warned Australia is experiencing a large transfer of wealth from its younger to older generations, with property prices rising faster than incomes, that is "unlikely to make us...

Economists warn Abbott government should not cut taxes until budget in surplus

Treasurer Joe Hockey would like to be in the position to promise more tax cuts at the next election.

Gareth Hutchens Economists have warned the Abbott government should not cut taxes again until its budget is in surplus or it raises more revenue, after Treasurer Joe Hockey said he would like to take tax cuts to the...

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Treasurer Joe Hockey says Australia's economy has not been affected by China's stockmarket crash or Greece's financial bailout

Treasurer Joe Hockey says the government's economic plan is still

Gareth Hutchens Treasurer Joe Hockey says Australia's economy has not been affected by the huge losses on China's sharemarket recently or the threat of Greece leaving the eurozone, despite billions of dollars being...

Abbott government accused of watering down language on tax evasion ahead of Finance for Development meeting

Gareth Hutchens The Abbott government has been accused of trying to water down language on tax evasion in a crucial document ahead of the UN's Finance for Development meeting in Ethiopia next week.

Abbott government, Labor refuse to raise superannuation age to 65

Acting Treasurer Bruce Billson said the Coaltion had made it clear there would be

Gareth Hutchens The Abbott government and Labor opposition have refused to back the Productivity Commission's call to prevent older workers from accessing their super before they turn 65.

Federal budget would save $7b a year if workers unable to access super before 65

Superannuation: It is estimated that the budget would save $7 billion a year from 2055 if the super age was raised from 55 to 65.

Gareth Hutchens The Commonwealth budget would save $7 billion a year if workers were prevented from accessing their super before they turned 65.

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Will economists go to war over this one number?

Gareth Hutchens dinkus Dinkus

Gareth Hutchens Everyone likes it when economists argue, and this could become a big one.

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Economists tip wages growth to flatten

We could be in for a rocky road with pay packets having to stretch further.

Gareth Hutchens High unemployment means wages are unlikely to grow any time soon.

Chinese stock market crash far worse than Grexit


Gareth Hutchens Australia should be far more worried about a Chinese stock market crash than Greece exiting the eurozone, but we would remain relatively unscathed from both events, economists say.

Sydney and Melbourne real estate not off the bubble yet

Positive signs: Real estate is tipped to keep flying.

Gareth Hutchens The majority of Australia's top private economists do not believe the property market in Sydney or Melbourne is in a bubble.

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