When a great man and leader of the Roman-Catholic Church – and beyond it – like Pope Francis dies, it may seem almost impious to speak or write about politics. But in his case, we know for certain that it simply means doing what he told us to do.
The latest monthly permanent and long-term arrivals data from the Australian Bureau of Statistics (ABS) showed that 155,000 net permanent and long-term arrivals landed in Australia in January and February 2025. This was the second-highest number on record and only a smidgen below last year’s record of 161,000 for the same period. The following chart
China has concentration camps now. Why do Westerners claim our sins are unique?
It is now in vogue to celebrate non-Western cultures and disparage Western ones. Some of this is a much-needed reckoning, but much of it fatally undermines the very things that created the greatest, most humane civilization in the world.
The War on the West Hardcover – April 26, 2022
Sunset Connewarre AUD/USD EUR/USD USD/JPY GBP/USD GOLD WTI BRENT AUSTRALIA 200 US S&P 500 UK 100 JAPAN 225 Easy Listening
The post Macro Afternoon: 22 April 2025 appeared first on MacroBusiness.
Electric vehicles (EVs) are massively subsidised in Australia. First, more than $550 million of tax revenue is estimated to be lost annually due to the Fringe Benefits Tax (FBT) exemption for battery EVs and plug-in hybrids (PHEVs); however, the FBT exemptions for PHEVs ended on 1 April 2025. Under the FBT exemption policy, somebody who
The post EV tax lurks worsen budget deficit appeared first on MacroBusiness.
CoreLogic’s latest monthly chart pack estimated that the value of Australia’s housing stock hit a record high of $11.3 trillion in March, spread across 11.3 million dwellings. This meant that the average value of an Australian home hit $1 million for the first time. Last week, Domain released its house price results for the March
According to the Australian Bureau of Statistics’ (ABS) annual state accounts, Victoria’s per capita GDP fell by 1.2% in 2023-04 and has only risen by 10.4% since the Global Financial Crisis (GFC) of 2008. Victoria’s performance compares poorly against the 1.0% national decline in per capita GDP in 2023-24 and the 14.5% increase recorded since
I have read some poor housing analyses in my time, but few are as awful as the Daily Telegraph’s Taylor Troeth, who blamed “stubborn empty nesters” for fueling NSW’s housing crisis. Troeth cites research from Australian Seniors showing that two-thirds of empty nesters in NSW “were still living in large family homes with no plans
Albert Edwards of Societe Generale famously coined the phrase “Ice Age” for the period leading up to and after the GFC. The Ice Age thesis was based on the notion that immensely deflationary forces would emanate from a balance sheet recession taking hold in developed economies. Now Edwards sees the same coming from and for
The post Deflation tsunami sweeps towards Australia appeared first on MacroBusiness.