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Australian Economy

Garnaut takes us behind the smoke and mirrors

On Tuesday night, Professor Ross Garnaut delivered a speech to Victoria University’s 2013 Vice-Chancellor’s Lecture and dinner, titled “Ending the great Australian complacency of the early twenty first century.” It is a well-researched and candid view of Australia’s current economic position and the significant challenges we now face. The age

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ABS House Price Indices

Lower than emergency lows

Treasurer Wayne Swan says it is “utterly irresponsible” to call today’s 25 basis point cut to the official cash rate as a cut to “emergency” levels. He is referring to the emergency low 3.00 per cent the cash rate reached after the collapse of Lehman Brothers and at the height