Blogotariat

Australia’s biggest toll road operator, Transurban, reported a net profit of $230 million for the six months ended December 2023, more than quadrupling its previous corresponding result. Traffic on Transurban’s toll roads also increased by 1.2% in Sydney, 2.6% in Brisbane, and 2.3% in Melbourne. Twitter (X) user Peter Morgan questioned why Transurban has been

On Saturday morning, I was interviewed by Luke Grant at Radio 2GB, where I broke down the latest household income and wage data for Australia, among other things. Edited Transcript: Australia has just seen the world’s biggest decline in living standards if you measure it by real per capita household disposable income. Real per capita

The post Australian households are getting poorer appeared first on MacroBusiness.

Peak fat is here, and Goldman is right to be a buff bull about it.  The emergence of weight-loss medications, AI-powered drug discovery, genomic and regenerative medicine techniques such as gene and cell therapy, and advances in diagnostics for detection of diseases such as Alzheimer’s imply are markable pace of healthcare innovation that could significantly

The post Peak Fat astonishingly bullish appeared first on MacroBusiness.

All my favourite strategists are bearish. Michael Hartnett at BofA is bearish. Jeremy Grantham at GMO is bearish. Even Warren Buffet at Berkshire is bearish: “Warren Buffett has warned Berkshire Hathaway shareholders that his sprawling $US905 billion ($1.38 trillion) conglomerate has virtually “no possibility of eye-popping performance” in the years ahead, laying bare the challenges

A fresh batch of Chinese property data has arrived for the LNY period and shows no sign of a bottom for floor area sales: Developer finance remains shut off: Prices are falling everywhere: The National Bureau of Statistics’ 70-city house price data suggests the weightedaverage property price in the primary market fell sequentially in January

The post Chinese property tumbles down bottomless pit appeared first on MacroBusiness.

Everybody hates Albo: Labor’s primary vote has dropped to 33 per cent ahead of Saturday’s critical Dunkley by-election, with Anthony Albanese’s approval ratings remaining in negative territory despite the government retaining its lead over the Coalition on preferences. An exclusive Newspoll conducted for The Australian shows a one-point fall in support for Labor since the

The post Why everybody hates Albo appeared first on MacroBusiness.

SQM Research managing director, Louis Christopher, appeared on Radio 2GB on Saturday, where he debunked the myth that Australia’s current rental crisis is being driven by a lack of supply. Christopher instead pins most of the blame on the federal government’s Big Australia immigration program, which is growing the population faster than homes can be

The post Houston, we have a rent problem appeared first on MacroBusiness.

The leaders of Italy and Canada signed security agreements with Ukraine during their visit to Kiev on Saturday, marking the beginning of the third year of the fighting between Ukraine and Russia.

According to the deal signed by Canadian Prime Minister Justin Trudeau and Ukrainian President Vladimir Zelensky, Ottawa will provide Can$3.02 billion (US$2.2 billion) “in macroeconomic and military support.”

It’s widely acknowledged that Tony Abbott came to be Prime Minister because he continually listed some ‘critical’ failures of the then Rudd and Gillard Governments using three-word slogans. Current Opposition Leader Dutton seems to be attempting to follow the same strategy however he seems to be having difficulty in finding a line of attack that…

The post Dutton’s scattergun appeared first on The AIM Network.

Australia’s housing market continues to strengthen. CoreLogic recorded a preliminary auction clearance rate of 73.5% this weekend from 2,775 auctions held. This was the largest number of auctions so far this year, up 36% on the week prior and 14% higher than the same week a year ago. After recording preliminary clearance rates above 80%

The post Australian house prices power up appeared first on MacroBusiness.

IN THE FOLLOWING INTERVIEW, GENERAL (RETIRED) WESLEY CLARK (the 12th Supreme Allied Commander, Europe) EXPLAINS WHY THE WEST DID NOT HANDLE PUTIN "THE RIGHT WAY"... MEANING SOMETHING LIKE THE WEST DID NOT UNDERSTAND PUTIN'S INTENTIONS, BLAH BLAH BLAH.... MEANWHILE PUTIN UNDERSTOOD VERY WELL THE INTENTION OF THE AMERICANS — VIA NATO AND EUROPE (and presently Ukraine): DESTROY RUSSIA....

A joint EU statement denouncing Moscow and promising “unwavering”support for Kiev was blocked by Hungary on Friday, two anonymous diplomats told Politico and Bloomberg.

Meyer Burger says it will up panel production in Germany, citing “grave market distortion” and better investment conditions in the US.