Interest rates or surplus at the heart of the economic problem? Roy Hay For two weeks before the Federal budget, the commentariat focused on the Reserve Bank’s misreading of the economic entrails arguing that it has overestimated the rate of inflation which was...
America, China and Australia Roy Hay (This article appeared in the Geelong Advertiser, 28 November 2011, p. 18 as' Red, white and blue in the top End.') A great deal has been made of the decision by Australia and the United States to have a training base for American...
The next financial crisis? Published in the Geelong Advertiser, 28 September 2011, p. 22 as 'Reconciling price, real vlaue is just trouble.' Roy Hay This column does not offer financial advice. Nor is it very good at predicting the future. Trained as an economic...
Australian tank in the midst of a locust plague in 1974. Source: Australian Army Public Relations. (This article was published as Roy Hay, 'Biblical plague that failed to arrive,' Geelong Advertiser, 28 July 2011, p. 28.) What happened to the locusts? Roy Hay Last...
Ben Buckley, John Brumby, Lucas Neil and James Merlino at the launch of another big game in Melbourne. Good governors of the game or dictators? By Roy Hay The administrative leadership of major sporting bodies comes in for a great deal of criticism these days, some of...
Limits to growth (Published in the Geelong Advertiser, 15 June 2011 as 'Growth scare tactics.' By Roy Hay Throughout history there have been times when far-seeing people have argued that there are finite limits to the growth of human numbers and the economies which...
Swings and roundabouts and the Australian dollar (Published in the Geelong Advertiser, 5 May 2011, p. 16.) By Roy Hay If you were one of the lucky ones who chose to travel to the United Kingdom for the Royal wedding you will have done well out of the high value of the...
The rush to surplus (Published in the Geelong Advertiser, 19 April 2011, p. 20 as 'Time to reassess the sanctity of surplus.' By Roy Hay Except in an election year, the run-up to a Federal budget is usually filled with horror stories about tough times ahead. This time...
Geelong Advertiser, Saturday 23 September 2006, p, 33. Public bodies and private corporations throughout Australia have been engaged in a massive restructuring of their operations. It has been going on for some time and in the case of the operations in publicly funded...
Geelong Advertiser, Saturday, 3 March 2007, p. 13 The Australian stockmarket took a dive earlier this week. A needed correction or the end of the most recent long boom? That is the question, as Hamlet might have said, had he been an economist and living at this hour....
Published as 'China Syndrome', Geelong Advertiser, Saturday 20 September 2008, p. 33. I wonder about the implications of the financial and economic crisis in the United States and the impact it will have on the Australian economy and in particular on our larger...