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Peter Martin

Editor, Business and Economy

Peter Martin is Business and Economy Editor of The Conversation and a visiting fellow at the Crawford School of Public Policy at the ANU. A former Treasury official with an honours degree in economics, he has worked as the economics correspondent for ABC radio, as the ABC's Tokyo correspondent and as economics editor of The Age. With Dr Gigi Foster of UNSW he created The Economists podcast on ABC Radio National. In 2016 he was made a Distinguished Alumni of Flinders University in recogn...

Will Jim Chalmers' budget drive up inflation? Not likely – and here's why

May 23, 2023 15:03 pm UTC| Economy

The proposition that cutting prices will stoke inflation is a hard one to get your head around, even if you are an economist. Yet it has been seriously put forward as a critique of this months budget; the one in which...

Sure, the RBA froze interest rates on Tuesday, but there's plenty of pain to come

Apr 05, 2023 13:16 pm UTC| Economy Central Banks

Australias Reserve Bank hit pause on interest rates after ten successive hikes on Tuesday, but for many Australians, the pain it has inflicted is about to begin. The Bank says more than one million households will come...

5 ways the Reserve bank is going to bat for Australia like never before

Nov 04, 2020 00:17 am UTC| Economy Central Banks

The most important of the five measures the Reserve Bank announced on Tuesday is the one that wont whirr into place for a very long time. Others start immediately. On Thursday the bank will wade into the market and...

Economic growth near an end as Treasury talks of prolonged coronavirus downturn

Mar 06, 2020 09:13 am UTC| Economy

Australias three-decade run of near continuous economic growth is set to end, with treasury warning of a hit to growth of at least 0.5% in the first quarter of this year, potentially followed by a prolonged downturn. If...

Why we've the weakest economy since the global financial crisis, with few clear ways out

Sep 06, 2019 07:46 am UTC| Insights & Views Economy

The Australian economy is tepid, with consumer spending the weakest in ten years, business investment shrinking, and economic growth too weak to cover population growth. Were it not for very strong growth in export...

No surplus, no share market growth, no lift in wage growth. Economic survey points to bleaker times post-election

Jan 29, 2019 12:26 pm UTC| Insights & Views Economy Politics

The Australian economy will remain healthy for long enough to enable the government to claim it as a strength in the lead-up to the May election, but the first Conversation Economic Survey points to a fairly flat outlook...

My magnificent seven. Seven really bright ideas (and one as old as time itself) from 2018

Dec 27, 2018 10:18 am UTC| Insights & Views

Few things are as valuable as a bright idea. They rarely pop up in meetings (where most of the time people agree with other people), or in business (where most of the time its easier to keep doing what youve been...

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Economy

U.S. Economy Grows Faster Than Expected in Q2, Inflation Pressures Easing

The U.S. economy expanded faster than anticipated in the second quarter, with a 2.8% annualized growth rate driven by robust consumer spending and business investment. Inflation pressures eased, supporting expectations for...

China Central Bank Surprises Markets with Second Unscheduled Rate Cut This Week

Chinas central bank surprised markets again this week with an unscheduled rate cut, issuing 200 billion yuan in one-year loans at significantly lower rates to stimulate the economy and address sharp stock market...

Turkey Terminates Saudi Deposit, Reflects Growing Economic Confidence

On July 24, Turkeys central bank announced it terminated a $5 billion deposit transaction with Saudi Arabia, signaling increased confidence in rebuilding foreign exchange reserves independently. The move reflects Turkeys...

Japan's Factory Activity Declines in July, but Service Sector Sees Significant Growth

Japans factory activity contracted slightly in July as output and new orders fell, according to a business survey. However, the service sectors expansion led to overall growth in the private sector, with the au Jibun Bank...

China Cuts Interest Rates to Boost Economy Amid Growth Concerns

On July 22, China, the worlds second-largest economy, enacted unexpected interest rate cuts to stimulate its sluggish, debt-laden economy. The Peoples Bank of China lowered key rates by 10 basis points following...

Politics

Key MAGA Ally Warns Donald Trump Fans to Stop Contradicting Themselves

As the political landscape shifts with President Joe Bidens decision to exit the 2024 presidential race and endorse Vice President Kamala Harris, former President Donald Trump and his supporters find themselves in a...

Donald Trump's Big Regret? Ex-POTUS Eyes Nikki Haley to Replace 'Dud' VP J.D. Vance Amid Campaign Turmoil

As Joe Biden steps down from the 2024 presidential race, making Kamala Harris the presumptive Democratic nominee, Donald Trump faces speculation about a significant shake-up within his own campaign. Reports suggest Trump...

Donald Trump Mocks Kamala Harris with Shocking Nickname: 'I Couldn't Care Less If I Mispronounce It'

Donald Trump intensified his attacks on Vice President Kamala Harris, labeling her a bum and ridiculing the significance of pronouncing her name correctly during a speech in Florida. Speaking at a Turning Point event in...

Kamala Harris Surges as Working Families Party Nominee, Boosting 2024 Campaign Against Donald Trump

Vice President Kamala Harriss 2024 presidential campaign received a significant boost as the Working Families Party (WFP) officially nominated her, ensuring a strategic ballot line in New York and broad organizational...

FBI Confirms Bullet Struck Donald Trump During Assassination Attempt, Ending Speculation

The FBI confirmed late Friday that former President Donald Trump was indeed struck by a bullet during the assassination attempt on July 13, resolving earlier uncertainties about the incident. This update followed Trumps...

Science

SpaceX Falcon 9 Ready to Fly Again Saturday After Resolving Engine Anomaly

SpaceX is set to relaunch its Falcon 9 rocket on Saturday (July 26) after a rare flight anomaly earlier this month. The company identified and fixed an engine issue, ensuring the rockets safety and readiness for its next...

SpaceX Reports 50,000 Collision-Avoidance Maneuvers by Starlink Satellites in Six Months

SpaceXs recent report indicates Starlink satellites executed 50,000 collision-avoidance maneuvers from December 2023 to May 2024, reflecting increasing traffic in orbit and raising concerns about potential...

SpaceX Unveils Design for ISS Deorbit Vehicle Using Dragon Heritage Hardware

NASAs decision to entrust SpaceX with constructing the ISS deorbit vehicle marks a significant milestone in space technology. SpaceX recently revealed a rendering of the car based on its Dragon spacecraft, which features...

SpaceX Completes Heat Shield Upgrade for Starship Ahead of Critical Flight 5 Test

SpaceX has completed a significant heat shield upgrade for Starship ahead of its fifth test flight. The upgrade aims to improve reentry safety following the issues from the fourth flight. A critical static fire test is...

SpaceX's New EVA Spacesuits Pass Testing for Historic Commercial Spacewalk

SpaceX has finalized acceptance testing of its new EVA spacesuits, marking a significant milestone for the Polaris Program. The suits will facilitate the first commercial spacewalk, led by entrepreneur Jared Isaacman,...

Technology

Bitcoin to Hit $13M! Michael Saylor's Bold Forecast at Bitcoin 2024 Stuns Audience

MicroStrategy co-founder Michael Saylor stunned the Bitcoin 2024 audience with a prediction that Bitcoins price will hit $13 million per coin by 2045. Bold BTC Predictions for 2045 Michael Saylor, a vocal co-founder...

Bitcoin Climbs to $67K: 75% of Short-Term Holders in Profit

Bitcoin has surged to $67,000, placing over 75% of short-term holders in profit and suggesting further bullish momentum. With three-quarters of short-term Bitcoin holders now turning a profit, the cryptocurrency could...

WhatsApp Hits 100 Million Monthly Users in the US, Bridging iPhone and Android Gap

WhatsApp has reached 100 million monthly active users in the United States, marking significant growth in a market dominated by Apples iMessage and traditional texting. This milestone highlights WhatsApps role in bridging...

Sam Altman's Worldcoin (WLD) Soars 10% Amid Latest Strategic Update

Worldcoin (WLD) surged 10% in value, hitting $2.31, following a crucial update from its developers. Major Price Surge Details A tremendous increase in the value of Worldcoin (WLD) has recently occurred. In the past...

$3.9B Bitcoin Futures Expiry Could Trigger Price Drop Below $63K

On July 26, Bitcoin might experience price drops below $63,000 as $3.9 billion in futures contracts expire, raising market concerns. Deribits Significant Bitcoin Futures Expiry On July 26, more than $3.9 billion...