Policymakers are exerting significant pressure on Australians to live in shoebox apartments. Their directive runs counter to the wishes of Australians, who overwhelmingly prefer to live in detached houses. The average price premium of a detached house across Australia’s capital cities was 174% in May, according to PropTrack: Detached houses have also experienced far stronger
Annus horribilis is a Latin phrase that means “horrible year”. While it was initially used in the year 1891 in an Anglican publication to describe 1870, the year in which the dogma of papal infallibility was defined in the Catholic Church.
The expression was brought to prominence more recently by Queen Elizabeth II in a speech at Guildhall on 24 November 1992, in describing her year. She said: “1992 is not a year on which I shall look back with undiluted pleasure. In the words of one of my more sympathetic correspondents, it has turned out to be an annus horribilis.”1
THE DEMOCRATIC PARTY BRAND HAS TAKEN A FEW NEAR-MORTAL BLOWS... THE JOE BIDEN PRESIDENCY WAS A CATASTROPHE... IT SHOWED THAT THE PARTY WAS RUNNING ON EMPTY WITH A BOGUS PRESIDENT AND VERY UNPOPULAR POLICIES. IT'S GOING TO TAKE A WHILE TO REGAIN THE HIGH MORAL GROUND WITHOUT LOSING THE MIDDLE OF THE POPULACE...
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Middle East tensions are dominating risk taking here in Asia with most share markets finishing in the red, not helped by what looks like a “non-deal” deal from the ongoing US/China talks, regardless of what the Trump regime claim has come to pass. The USD continues to fall against the majors despite a very tame
The post Macro Afternoon appeared first on MacroBusiness.
Network Ten has axed its long-running current affairs show The Project as part of a major programming overhaul aimed at rebuilding its early evening viewership.
Network president Beverley McGarvey informed staff of the decision in a meeting at the broadcaster’s Melbourne headquarters on Monday.
US Secretary of State Marco Rubio has congratulated Russians on Russia Day and stressed his commitment to building constructive relations with Moscow for peace with Ukraine.
Last week’s Q1 national accounts release from the Australian Bureau of Statistics (ABS), revealed that real per capita home consumption has been negative for seven consecutive quarters on an annual basis, down 2.4% from its peak. The fall in household spending occurred despite a 1.8% increase in real per capita household incomes in the year
ANZ doesn’t think so. Heightened global trade uncertainty has been driving gold’s rise toward USD3,500/oz. While noise around US tariffs persists,we believe the market will gradually become desensitized to new announcements. As this occurs, macro economic data are likely to take over as the primary catalyst. Market expectations of the level of US tariffs have
The post Gold exhausted? appeared first on MacroBusiness.
NSW Premier Chris Minns wants to solve Sydney’s housing crisis by accelerating the supply of shoebox apartments. A few weeks back, Minns argued that previous governments had been “timid” due to “the NIMBY [Not In My Backyard] backlash” and claimed the public conversation had shifted to “opening the gates to more urban consolidation and development”. “I