Patrick Commins @ComminsP
Economics correspondent for The Australian newspaper. Former markets columnist at The Australian Financial Review. Pretty much all work stuff here. theaustralian.com.au Sydney Joined January 2013-
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The Reserve Bank’s struggle to tame inflation is being exacerbated by $230bn worth of state and territory infrastructure spending and a failure to slow the mammoth pipeline of road, rail and energy projects. theaustralian.com.au/nation/politic…
Great from @tomdusevic: "Does Albanese take the well-worn road of ever more debt, with its risky delusions of exceptionalism and free money? Or can it reinvent how we earn our way in the world via its work-in-progress brand of values-based capitalism?" theaustralian.com.au/inquirer/count…
A short explainer on the Child Care Subsidy changes starting in July aph.gov.au/About_Parliame…
Price controls look to be more important for child care than rents. Average annual growth for child care prices (gross) last 18 years 6% compared to rents 2.7% and the overall CPI 2.5%.
Household net wealth is now just 0.8% below its March 2022 peak thanks to rising property prices and a rebound in equity markets pushing up superannuation balances. Pretty remarkable given we are in the middle of the fastest interest rate tightening cycle in decades.
Come work at the @FinancialReview covering accountants, consultants and more. We're looking for a Professional Services Reporter seek.com.au/job/68135856?t…
Australia recorded the largest annual population increase in the nation’s history after two Covid-affected years, despite a rise in the number of deaths and a drop-off in births: bit.ly/3p4FZ0W
A lot going on today but just wanted to note that Australia's unemployment rate is lower than it was when the RBA started its shock-and-awe series of 12 rate hikes.
This decision seems utterly inexplicable.
This decision seems utterly inexplicable.
If it's true that Andrew Probyn is leaving the ABC, that is total madness. He knows politics, he breaks news, he is thoroughly fair and he works non-stop. He's a good man treated shabbily by an organisation that should know better.
Probes has done so much to help guide younger journos in the gallery. This is terrible news.
Probes has done so much to help guide younger journos in the gallery. This is terrible news.
Proud to call @andrewprobyn an ex-boss, mentor and most importantly friend. Fantastic journo and newsbreaker, someone who is a leader in the Press Gallery. What are they smoking at Ultimo?
Proud to call @andrewprobyn an ex-boss, mentor and most importantly friend. Fantastic journo and newsbreaker, someone who is a leader in the Press Gallery. What are they smoking at Ultimo?
.@andrewprobyn is the hardest working ABC journalist I know and the broadcaster's best and most constant news breaker. And they've sacked him because they suddenly don't need a political editor. What a disgrace from an organisation full of middle-management time servers. @abcnews
“Looking across the range of indicators – strong growth in hours worked, the elevated employment-to-population ratio and participation rate, along with the low unemployment and underemployment rates – they all point to a continuing tight labour market." theaustralian.com.au/nation/unemplo…
My latest column in @FinancialReview. We have a housing crisis, but rent controls will make it worse. That's what the best causal evidence is clear on. Supply, reforming planning & zoning regulations are the answer. afr.com/property/resid…
Over the quarter rent assistance renters (1.27m) experienced a 1% increase in gross rents and 0.5% increase net of rent assistance payments.
March quarter 2023 DSS data shows rents up 4.1% over the year for 1.27m rent assistance recipients. 3.2% net of rent assistance data.gov.au/data/dataset/d…
Financial Review @FinancialReview
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The Reserve Bank’s struggle to tame inflation is being exacerbated by $230bn worth of state and territory infrastructure spending and a failure to slow the mammoth pipeline of road, rail and energy projects. theaustralian.com.au/nation/politic…
I’m proud of our men’s and women’s cricket teams, who have both won their opening two #Ashes matches against England. Same old Aussies – always winning! Australia is right behind @ahealy77, @patcummins30 and their teams and look forward to welcoming them home victorious 👏
A short explainer on the Child Care Subsidy changes starting in July aph.gov.au/About_Parliame…
Price controls look to be more important for child care than rents. Average annual growth for child care prices (gross) last 18 years 6% compared to rents 2.7% and the overall CPI 2.5%.
Household net wealth is now just 0.8% below its March 2022 peak thanks to rising property prices and a rebound in equity markets pushing up superannuation balances. Pretty remarkable given we are in the middle of the fastest interest rate tightening cycle in decades.
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This decision seems utterly inexplicable.
.@andrewprobyn is the hardest working ABC journalist I know and the broadcaster's best and most constant news breaker. And they've sacked him because they suddenly don't need a political editor. What a disgrace from an organisation full of middle-management time servers. @abcnews
If it's true that Andrew Probyn is leaving the ABC, that is total madness. He knows politics, he breaks news, he is thoroughly fair and he works non-stop. He's a good man treated shabbily by an organisation that should know better.
Probes has done so much to help guide younger journos in the gallery. This is terrible news.
Probyn made redundant at ABC afr.com/rear-window/pr…
Proud to call @andrewprobyn an ex-boss, mentor and most importantly friend. Fantastic journo and newsbreaker, someone who is a leader in the Press Gallery. What are they smoking at Ultimo?
.@andrewprobyn is the hardest working ABC journalist I know and the broadcaster's best and most constant news breaker. And they've sacked him because they suddenly don't need a political editor. What a disgrace from an organisation full of middle-management time servers. @abcnews
.@andrewprobyn is the hardest working ABC journalist I know and the broadcaster's best and most constant news breaker. And they've sacked him because they suddenly don't need a political editor. What a disgrace from an organisation full of middle-management time servers. @abcnews
Australian unemployment rate was 3.55% so 0.01% off 3.5%
AU labour force, employment smashes expectations. The good is that the labour market is robust, the bad is that this makes more #RBA rate hikes likely. Wage growth won't decelerate much if at all with unemployment so low. Participation and employment to population at record highs
My latest column in @FinancialReview. We have a housing crisis, but rent controls will make it worse. That's what the best causal evidence is clear on. Supply, reforming planning & zoning regulations are the answer. afr.com/property/resid…
Over the quarter rent assistance renters (1.27m) experienced a 1% increase in gross rents and 0.5% increase net of rent assistance payments.
March quarter 2023 DSS data shows rents up 4.1% over the year for 1.27m rent assistance recipients. 3.2% net of rent assistance data.gov.au/data/dataset/d…
@ComminsP Yes a 50 year old was only just finishing school during the 90s recession.
money stuff has new promotional photos evoking the concepts of money and stuff
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