Ross Gittins

Ross Gittins

Europe must not ignore the tough lessons of history

Ross Gittins The politicians of Europe are making things much worse for themselves and their people.

Learning nothing from the Depression

Ross Gittins It's remarkable that the politicians of Europe and America are making things much worse because they've unlearnt the economic lessons of the past 70 years.

Asia well-placed to withstand slowdown

Ross Gittins Perhaps it's our natural eurocentricity, but we've been hearing a lot more about recession and the risk of worse in Europe than about the resilience of our own region.

Asia can withstand slowdown

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Ross Gittins We've been hearing a lot more about recession in Europe than the resilience of our own region.

The very model of a future based on guesswork

Ross Gittins They are only as good as the information injected into them, writes Ross Gittins.

Modelling that illuminates only your viewpoint

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Ross Gittins When I was studying economics at university in the mid-1960s, I wasn't quite sure what a ''model'' was.

It's no exaggeration to say we are still in good shape

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Ross Gittins Let's not spook ourselves by imagining the crisis in Europe to be any worse than it is.

Don't lose sleep over Europe's nightmares

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Ross Gittins The economic news from Europe in recent days has not been good. And it could get worse as the year progresses. Those guys have big problems.

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All hail mighty Aussie dollar, as it's here to stay

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Ross Gittins This year we'll see more painful evidence of Australian businesses accepting the new reality: our dollar is likely to stay uncomfortably high for years, even decades.

Winning is not always about the money

Ross Gittins One of my favourite films for this year was Moneyball. Ostensibly, it's the story of how the real-life Billy Beane (Brad Pitt), general manager of the Oakland As baseball team, took the...

If we're lucky, it's the luck of good management

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Ross Gittins The proof we suffer from an economic cringe is attributing our position to other economies.

Economy follows wherever our moods take us

Ross Gittins To anyone but the economists and financiers, getting to the bottom of what the problem is in Europe is hellishly complicated. The more you read the more confused you get.

Europe feels the bite from the animal in us

Ross Gittins Herd mentality combined with an excess of credit, has been lethal for the euro zone.

The Reserve Bank takes the view that Europe will muddle through

Ross Gittins Predictions of several more interest rate cuts are a little overboard.

Reserve revises outlook for world growth

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Ross Gittins Just as a stopped clock is right twice a day, so the financial markets' belief that Europe's sovereign debt problems are the primary factor influencing the Reserve Bank's decisions about interest...

Numbers are up, but gloomsters still on a downer

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Ross Gittins The Australian economy is doing well, especially compared with everywhere else.

Nice set of figures should shut up the gloomsters

Ross Gittins Something strange is happening to the Australian psyche at present.

Economists are playing politics over surplus

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Ross Gittins Business economists have been surprisingly critical of Julia Gillard's efforts to keep her promise to return the budget to surplus next financial year, but if I were her I'd have done much the same...

Days that require a line in the sand

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Ross Gittins The Prime Minister knows more about macro-economics than she had been given credit for, writes Ross Gittins.

Treasurer takes European hits and contracts targets

Ross Gittins Wayne Swan's Holy Grail is a surplus by 2012-13, and he just may fulfil his quest.