Vital signs

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Do regulators act in the public interest, or in the interest of those they are meant to regulate?

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Rates might need to be cut urgently, and because things are good. RBA Governor Philip Lowe has signalled he won't wait.

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The Reserve Bank's inflation target seems out of date in a world of ultra low inflation. So why is Governor Lowe persisting with it?

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Counterintuitively, vague incentives to improve performance or behaviour are often stronger than clear ones.

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Prices are off, but from unprecedented highs. It could be a one-time adjustment.

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The so-called 'Australian model' of 'asset recycling' is no miracle cure for US infrastructure problems.

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The best time to shut down negative gearing is when few people are taking it up. That time could well be now.

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Hardly anyone believes that prices are really increasing by only 1.9% per year. The fault lies with us, and also the way the Bureau of Statistics adjusts prices for 'quality'.

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Pushing up interest rates due to current Australia unemployment figures and historical economic theories may de dangerous.

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Australia's unemployment rate may have to fall much more before we see any wages growth.

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