Picture this. Our world. This is the world that the average Australian lives in. They drive basic cars, they pay rates, registrations, and energy bills, they have kids at schools, and they generally spend disturbingly large chunks of their weekly incomes to service a mortgage or rent. Then they go to a grocery store and
The post The great housing gaslight appeared first on MacroBusiness.
Ian Leslie has released what looks to be a fascinating book about the Beatles and more specifically the relationship between Lennon and McCartney. I thought that I too might as well get in on the act and talk about the Beatles story and why it is so remarkable, mysterious and compelling.
The past few months have seen Australia’s auction market roar back to life. Last week, the national final auction clearance rate recorded its highest level since July 2024, with just over 66% of homes taken to auction selling. The following chart clearly illustrates the bounce in clearance rates, with higher auction clearances typically leading to
DXY held on Friday night. AUD could not break higher. Lead boots still plodding upwards. Gold sagged. Oil bounce looks technical to me. Metals no bueno. Big bear rolls on. EM maybe. Junk meh. Yields up. Stocks upper. The US jobs report was a Goldilocks scenario, so it did not change the trends. Total nonfarm
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By Lucinda Jerogin, associate economist at CBA: Real GDP surprised to the downside at 0.2%/qtr. The annual rate held steady at 1.3%. The current account deficit narrowed to $14.7 bn in Q1 25, driven by a $2.2 bn fall in the net income deficit. Home prices across the eight capital cities rose by 0.5% in
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While my focus has been very much on the federal election, events have been developing in Tasmania, which culminated in a vote of no confidence on Thursday.
The premier, Jeremy Rockliff, has plans to visit the Governor on Tuesday to ask for an early election. At the moment it doesn’t seem likely that anyone else could command the support of the House of Assembly, but it is possible the Governor may decide to not grant an election right away in the hope of finding a way to continue with a parliament that is not yet 15 months old.
International Reading: ‘There’s no fraud’: Steve Bannon says Elon Musk’s DOGE cuts are a huge failure – Raw Story Trump calls for scrapping debt limit – The Hill Economists Raise Questions About Quality of U.S. Inflation Data – WSJ President Stagflation: US economic activity declines as tariffs pressure prices, Fed says – Yahoo House GOP
As the two most powerful but petulant men in the world stand off at 10 yards with handbags swinging, risk markets didn’t know quite to make out here in the Asian session today as the focus remains on the latest US jobs report tonight, with the initial jobless claims preview from last night not looking
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