Blogotariat

Crossbench senators Jacqui Lambie and David Pocock have asked the Parliamentary Budget Office (PBO) to cost options for possible changes to negative gearing. Senator Lambie claims negative gearing is part of Australia’s housing affordability problem. All the options that the PBO was asked to look at were ‘grandfathered’ so that existing property investors would be

The rapid growth in big batteries is changing the dynamics of Australia's main grid, and will help usher out fossil fuels.

The always repulsive Ronald Mizen has a crack at Jim “Chicken” Chalmers today: Leading economists have dismissed Treasurer Jim Chalmers’ downbeat assessment of the global economy, citing recent upgrades in growth and warning that it should not be used to justify inflation-boosting spending. On Monday, Dr Chalmers signalled more cost-of-living support in next month’s budget

DXY is still firm: AUD bounced off the hammer candle: North Asia is caput: Brent is trying to hold. Gold puked: Other commods paused: Miners meh: EM yawn: Junk is back. Good for equities: Yields soothed: Stocks bounced: Korean March exports are showing a steady global industry lift is underway. Goldman: Total 20-day exports during

The post Australian dollar lifts with global recovery appeared first on MacroBusiness.

The attitudes down under towards social media have turned barmy. While there is much to take Elon Musk to task for his wrecking ball antics at the platform formerly known as Twitter, not to mention his highly developed sense of sociopathy, the hysteria regarding the refusal to remove images of a man in holy orders…

The post Censorship Wars: Elon Musk, Safety Commissioners and Violent Content appeared first on The AIM Network.

This month, Canada recorded its largest population increase in history, with 1.27 million residents added in 2023. Net overseas migration accounted for 98% of the expansion. Canada’s population expansion has easily exceeded Statistics Canada’s “high growth” forecasts: This surge in population growth has driven a record housing supply deficit, according to a new analysis from the

Data from the Department of Education shines a bright light on how the composition of Australia’s international student enrolments has changed for the worse. In January 2005, there were a total of 173,787 international students enrolled in Australia. As illustrated in the following chart, China (40,952) dominated enrolments, with India (14,362) in a distant second

YIMBYs, politicians, think tanks, the media, and developers are urging Australia to relax planning restrictions so that hundreds of thousands of apartments can be erected in the ”missing middle’ of our cities. Their arguments ignore overwhelming empirical evidence that the last decade’s high-rise apartment boom was a disaster. This surge in high-rise apartment construction coincided

I’ve got yet another chapter in the long story of Australians’ changing habits in voting. With the final results of the Tasmanian state election, we can look at the Tasmanian trend.

The last Tasmanian state election was held in the depths of the COVID-19 pandemic, and saw a big increase in pre-poll votes, and a slight increase in postal votes.

Judo Bank flash PMI remains firm. Australia’s private sector activity expansion accelerated at the start of the second quarter, supported primarily by service sector growth. Higher new business inflows underpinned rises in business activity and employment, while firms remained optimistic regarding future output. On prices, the rate at which output prices rose eased in April

The post Flash PMI remains firm appeared first on MacroBusiness.

Stocks continued their rebound overnight although this correction maybe far from over as earnings season and downgrades get underway on Wall Street. The USD at first lost ground but it too rebounded on more interest rate cut speculation as inflation concerns linger. European stocks moved higher on more dovish speak from the ECB. The Australian

The post Macro Morning appeared first on MacroBusiness.

Federal Labor's $1 billion Solar Sunshot program could be put to work as early as August with a tender for PV module manufacturing projects.

Price action is tiring in Shanghai and Singapore: Maybe Dalian for iron ore and coking coal: Scuttlebutt is meh: Iron ore prices will likely consolidate in the near term as uncertainty lingers on how much hot metal output can rise further, analysts at Everbright Futures said in a note. “The main driving force behind a

The post Iron ore swept away in May? appeared first on MacroBusiness.