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Oz Blog News Commentary
MacroBusiness Thursday, February 2, 2023 - 11:00 Source

For years, experts have raised concerns over a class of Australian visa that has operated for 10 years without rejections. Over 7,000 Chinese citizens have been approved for the Significant Investor Visa (SIV) scheme, which requires a minimum investment of $5 million. These so-called ‘golden ticket’ visas confer an automatic right to Australian permanent residency,

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MacroBusiness Thursday, February 2, 2023 - 10:40 Source

Terry Rawnsley, Director at KPMG Planning & Infrastructure Economics, has published a post on LinkedIn estimating that Australia’s population grew by 440,000 people last year, taking the nation beyond 26 million people: Our estimates show that Australia’s #population grew by 440,000 people during 2022. In the second half of 2022, the population surpassed 26 million people

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MacroBusiness Thursday, February 2, 2023 - 10:20 Source

The national accounts shows that Australian households accumulated an extraordinary $450 billion worth of household savings over the pandemic, courtesy of the various stimulus packages from the government (e.g. JobSeeker and JobKeeper), alongside reduced spending during lockdowns: As shown in the below charts from UBS (posted by Tarric Brooker on Twitter), Australian households aged over

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MacroBusiness Thursday, February 2, 2023 - 10:00 Source

While Treasurer Jim “Chicken” Chalmers is busy writing 6000-word essays on how he will restructure markets, his one attempt at doing so is failing. Power prices are nowhere near as low as they should be and trending higher: As futures settle around $100, double pre-Ukraine prices and 80% above the fuel price caps: This is

The post Chicken Chalmer’s energy price caps failing appeared first on MacroBusiness.

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MacroBusiness Thursday, February 2, 2023 - 09:40 Source

The RBA is on the hustings today warning of the mortgage cliff: While those relying on interest income – such as self-funded retirees – have seen their incomes boosted by higher interest rates over the past year, those with mortgages will be feeling the effects of the rise in interest rates. We understand that some

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The Tally Room Thursday, February 2, 2023 - 09:30 Source

In the lead up to the state election, there have been quite a few prominent MPs have announced their retirement, including a number in key marginal seats.

This prompted me to collect data on how many members have retired at each election over the past 35 years. This has been aided by Wikipedia keeping lists of retiring MPs on the pages for recent elections.

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MacroBusiness Thursday, February 2, 2023 - 09:20 Source

The US Federal Reserve raised rates 25 basis points overnight but its was Fed Chair’s Powell quite dovish comments that sent risk markets higher and the USD pushed down considerably against the currency majors. Euro was pushed almost through the 1.10 handle while the Australian dollar matched its recent high above the 71 cent level.

The post Macro Morning appeared first on MacroBusiness.

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Your Democracy Thursday, February 2, 2023 - 09:07 Source

THE ARTICLE IN USA TODAY (PUBLISHED A YEAR AGO) IS ADAMANT: Fact check: False claim of US biolabs in Ukraine tied to Russian disinformation campaign.

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MacroBusiness Thursday, February 2, 2023 - 09:00 Source

DXY broke support last night as the Fed failed to hawk up: AUD to the moon, outpacing all DMs: Gold up, oil down: Metals down with oil: And miners: EM stocks firmed: Junk went both ways: Treasury yields slumped: Stocks soared again: US data was mixed with a weak ADP but strong job openings. The

The post Fed puts Australian dollar into orbit appeared first on MacroBusiness.

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Your Democracy Thursday, February 2, 2023 - 05:16 Source

Enraged workers across France walked off the job and hit the streets Tuesday to protest President Emmanuel Macron’s unpopular plan to raise the nation’s official retirement age from 62 to 64.

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MacroBusiness Thursday, February 2, 2023 - 00:20 Source

CoreLogic’s January home value results were officially released on Wednesday and showed that dwelling values nationally have fallen 8.9% from their peak, with the combined capital cities down 9.6% and the combined regions 7.4% lower. Sydney is leading the decline nationally, with values down 13.8% from their peak. This is followed by Hobart (-10.8%) and

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MacroBusiness Thursday, February 2, 2023 - 00:01 Source

Global Macro / Markets / Investing: Are Nuclear Power Plants the Key to Fighting Climate Change? – The Macrolist Exxon Vaults to Record Annual Profit of $55.7 Billion – WSJ I.M.F. Upgrades Global Outlook as Inflation Eases – NY Times Americas: ‘We will figure out how to fire you’: how corporate America is hitting back

The post Links 2 February 2023 appeared first on MacroBusiness.

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