There are two main reasons why the federal government supports running a high immigration program. First, immigration benefits overall economic growth, as measured by headline GDP. Running a high immigration policy allows the federal government to pretend to be a competent economic manager, even when per capita GDP growth is poor and individual living standards
So says Societe General. The AU unemployment rate jumped to 4.46% in September, above any of the Bloomberg survey forecasts. An upward revision to August leaves the average 3Q rate in line with the RBA’s latest SoMP view of 4.3%. However, the uptick skews risk higher for 4Q. Markets have been wrong-footed by single prints
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I agree. Though I would buy any decent pullback. The Market Ear. Easy tiger The fundamental gold story hasn’t changed: inflation hedging, rate cuts, and reserve diversification. But the tactical setup has: sentiment, positioning, and volatility all scream too crowded. Gold may still be the “right” asset — just at the wrong price, right now. Gold
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Are the US and China getting back together? Goldman is skeptical. Latest US-China developments: Last Friday, US Treasury Secretary ScottBessent had a “constructive”video call with Vice Premier He Lifeng and President Trump indicated that the meeting with President Xi would go ahead in South Korea later this month. Despite these positive developments, we think risks
While the level of migration remains a hotly contested issue, from the nation’s halls of power to backyard BBQ debates, for the longest time, migration conceptually was considered a positive by a majority of the public. But recently, the public’s attitude on the issue has begun to shift significantly. According to polling from Essential from
I love QLD. It is the last state of Australia. But, like Australia, it can be really, really stupid. Queensland has put its southern neighbours on notice and drawn a red line through a gas reservation proposal under consideration. As federal Labor deliberates whether to restrict east coast gas exports to prevent a forecast domestic
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Former senior immigration department bureaucrat Abul Rizvi posted an article in Independent Australia where he explained how the Albanese government secretly increased the permanent migrant intake well above the official published level. Rizvi showed how Labor “has significantly increased the size of permanent migration compared to the situation pre-pandemic (see Table 3)”. A time series
In 2013, the Grattan Institute, under the energy policy leadership of former Origin Energy executive Tony Wood, lobbied hard against an East Coast domestic gas reservation policy: Grattan also lobbied for Western Australia to remove its gas reservation policy: The federal government listened to Grattan as well as other lobbyists and failed to implement an
The ferrous complex continues to weaken as steel mill margins collapse. Production must be cut. It is a little bit. Demand is still funky. The newsflow is about piles of ore. One for the Pilbara killer. Rio Tinto has stockpiled 2 million metric tons of high-grade iron ore at its Simandou project in Guinea for
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