Ross Gittins

Ross Gittins is economics editor of the SMH and an economic columnist for The Age. His books include Gittins' Guide to Economics, Gittinomics and The Happy Economist.

The mining investment boom was mainly funded directly by the foreign mining companies themselves.

Not even the IMF is worried by our huge foreign debt

In its latest report on Australia, the International Monetary Fund says it isn't worried by our net foreign debt, now just a squeak short of $1 trillion. Just as well, since none of us ever worries about it either.

Luci Ellis, assistant governor of the Reserve Bank of Australia.

The RBA thinks wages will rise but not any time soon

You know the world's behaving strangely when you hear a heavy from the central bank saying it's "expecting more progress" on the "turnaround in inflation", then realise they're hoping inflation will go higher.