menu_open
Greg Jericho

Greg Jericho

The Guardian

We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Grogonomics ‘Sticky’ inflation is not falling – but it’s not rising, either. Why should that mean another RBA rate hike?

The latest inflation figures released on Wednesday showed that inflation is “sticky” and is no longer falling at the pace it was earlier this...

29.05.2024 30

The Guardian

Greg Jericho

Grogonomics Raising jobseeker is not ‘fiscally sustainable’? Sorry, but that is flat out wrong

On Monday the Productivity Commission released its snapshot of inequality report. As a “snapshot”, the report is just presenting the current...

22.05.2024 40

The Guardian

Greg Jericho

Grogonomics Australians have lost 14 years of progress on living standards. A wages breakout? Please. If only

Remember all that talk about wage-price spirals? About wages driving inflation? All that worry about a wages breakout causing interest rates to...

15.05.2024 30

The Guardian

Greg Jericho

Grogonomics Australia budget 2024: the six graphs you need to see

14.05.2024 80

The Guardian

Greg Jericho

Grogonomics Those calling for higher interest rates in Australia should be careful of what they wish for

It seems that some people really want a recession. The estimates of inflation not falling below 3% until the end of next year has led some...

08.05.2024 20

The Guardian

Greg Jericho

Grogonomics The budget reveals what governments actually care about. And Labor has chosen to keep jobseekers in poverty

In 2022 Josh Frydenberg gave the budget game away when he was reported justifying the many billions of dollars spent on Aukus by saying, “everything...

02.05.2024 80

The Guardian

Greg Jericho

Grogonomics The government shouldn’t boast about Australia’s latest CPI figures, but it shouldn’t panic either

Despite what the fearmongers would have you believe, the latest inflation figures showed that inflation remains well under control. Not only is there...

24.04.2024 20

The Guardian

Greg Jericho

Grogonomics Funding Australia’s renewable transition isn’t ‘picking winners’ – it’s securing our future

Last week Anthony Albanese finally announced the government’s major plan for the transition to a renewable energy economy. The Future Made in...

17.04.2024 10

The Guardian

Greg Jericho

Grogonomics Talk of interest rate cuts soon is optimistic – here’s why the RBA may decide doing nothing is safer

This week the IMF told Australians what we already knew – we are hurting from rate rises harder than anyone. But unfortunately, that is unlikely to...

10.04.2024 10

The Guardian

Greg Jericho

Grogonomics Whether Australia’s budget has a surplus tells us little about the government’s worth – it’s all on the choices made

We are now a month away from the 2024-25 budget. And as with all budgets, the choices made matter much more than any big numbers that get the media...

03.04.2024 10

The Guardian

Greg Jericho

Grogonomics The push against wage rises has begun again – it’s an argument for Australia’s poorest workers to become poorer

As we gear up for the annual fight over the minimum wage it was nice to hear the governor of the Reserve Bank last week come out in defence of...

27.03.2024 10

The Guardian

Greg Jericho

Grogonomics Blaming John Howard is easy, but his government helped shape the world we live in – now and for future generations

When asking “Who screwed the millennials?” should we just apply Occam’s razor and answer “John Howard”? His government certainly shoulders a...

25.03.2024 6

The Guardian

Greg Jericho

Grogonomics The Sahm rule lets us get in front of recessions – so alerts should be flashing in the Treasury and RBA

When the February unemployment figures are released on Thursday at 11.30am, there is a decent chance that, according to one measure, Australia will be...

20.03.2024 10

The Guardian

Greg Jericho

Grogonomics The ‘good old days’ for housing affordability were just four years ago – here’s why

What if 2020 was as good as it gets for housing affordability? Forget gathering around to hear old man Jericho talk about the good old days when Gen...

13.03.2024 10

The Guardian

Greg Jericho

Grogonomics Australia’s economy has slowed to a halt. It’s time for the Reserve Bank to take its foot off the brake

The latest GDP figures show that the Reserve Bank has slowed things down so drastically that Australia’s economy, for the first time for 40 years,...

06.03.2024 10

The Guardian

Greg Jericho

Grogonomics Australia taxes its massive gas exports so weakly that we pay more on Hecs than companies do on PRRT

In Hollywood everyone knows never to ask for a percentage of the film profits. These so-called “monkey points” are the stuff of legends and mirth....

28.02.2024 7

The Guardian

Greg Jericho

Grogonomics Wages are finally on the way up, but there’s a long way to go before workers feel relief

The good news is real wages are finally going up – and not by so much that the Reserve Bank should be worried that it needs to once again raise...

21.02.2024 7

The Guardian

Greg Jericho

Grogonomics The awful truth at the heart of Australian housing policy

Australian policy is dominated by interest groups and politicians pretending they are trying to do one thing, while actually doing the opposite, and...

14.02.2024 7

The Guardian

Greg Jericho

Grogonomics The RBA says it’s still worried about inflation, but few believe this will mean higher interest rates

Despite a new year and a new way of doing things, the thinking at the Reserve Bank remains the same – inflation is all about people having too much...

07.02.2024 10

The Guardian

Greg Jericho

Grogonomics Australian inflation is under control – now it’s time to worry about the economic health of households

That sound you heard was a massive sigh of relief from mortgage holders across the country as the latest inflation figures pretty much put an end to...

01.02.2024 20

The Guardian

Greg Jericho

Grogonomics When it comes to tax, what is bracket creep – and is ‘fixing’ it really that important?

The term “bracket creep” is getting thrown around with wild abandon at the moment, so we might as well get a handle on what it means and work out...

30.01.2024 9

The Guardian

Greg Jericho

Grogonomics The old stage-three cuts are dead. Long live Labor’s new policy, which 90% of Australians will cheer

It is fair to say I have not taken a neutral position on the stage-three tax cuts. After all, back in 2022 I was the guy who wrote “the stage-three...

24.01.2024 10

The Guardian

Greg Jericho

Grogonomics Neither a pandemic nor interest rate rises: can anything dent the Australian housing market?

Just in case you were ever worried that the Australian housing market might crumble, the latest ABS housing loan figures show that in November the...

17.01.2024 7

The Guardian

Greg Jericho

Grogonomics Retail figures show we’re desperate for a bargain rather than flush with cash. The RBA should take note

When retail spending surges, the Reserve Bank can be of a mind to raise rates and slow the economy even more. But the big jump in spending in November...

10.01.2024 10

The Guardian

Greg Jericho

Grogonomics Inflation was 2023’s unavoidable topic. Will 2024 bring a change of tack from the RBA?

It was, as ever, a big year in the economy. We seem to always live in interesting times and this year, even though lockdowns were over and things...

20.12.2023 20

The Guardian

Greg Jericho

Grogonomics Jim Chalmers’ lucky budget surplus is no comfort to workers whose pay is shrinking

When it comes to being a treasurer, it is better to be good than lucky. Peter Costello, through no skill of his own, presided over a period where each...

14.12.2023 10

The Guardian

Greg Jericho

Grogonomics Ditch the rose-coloured glasses: Australia’s GDP is going backwards

In the September quarter the economy struggled mightily. All that kept the economy afloat was government spending and population growth, while...

06.12.2023 3

The Guardian

Greg Jericho

569973fdbf9b2bf287cd8a76806fe172