The former Coalition government’s Boosting Apprenticeship Commencements (BAC) program ran from October 2020 to June 2022 and was designed to turbocharge trainee and apprenticeship numbers coming out of the pandemic. The scheme allowed retail and hospitality businesses to claim up to $28,000 for first-year trainees and up to $6000 for a second year. Like most
Thar she blows. Cyclone Zelia, a Cat5 monster, with wind speed approaching 320km/h building off the warmest seasonal waters since records began. There’s going to be some disruption. That said, it appears to be largely priced already, with iron ore completely dislocated from steel. Short is still the better part of long here, barring a
The financial woes of the Victorian government are well documented. The state had the nation’s highest per capita net debt in 2023-24 and the worst (AA) credit rating. The trajectory of Victoria’s debt is also concerning. The major ratings agencies—S&P and Moody’s—warned that they could further downgrade Victoria’s credit rating if debt levels are not
Goldman’s excellent Andrew Boak takes on the third rail of Aussie economics. Looking at the labour market, some indicators like employment growth, labour force participation and job vacancies do remain strong and appear to work against the case for easier monetary policy – however, our analysis highlights three reasons why these measures are overstating the
Energy buffoonery is an LNP speciality. Energy bills could rise by nearly 70% over the next 10 years under current government policy, a new report has estimated – findings likely to be seized on by the Coalition as it pushes its alternative plan. The federal Labor government has set the aggressive target of having renewable
Stock markets are essentially ignoring Trump’s tariff plans and keep heading higher across both sides of the Atlantic with an expectation of that positivity flowing over here in Asia for the last trading day of the week. The latest PPI data saw the USD give up ground against most of the undollars with a violent
The post Macro Morning appeared first on MacroBusiness.
The presentation discusses President Donald Trump’s approach to negotiations with Russian President Vladimir Putin regarding the Russia-Ukraine war. Analysts, including John Bolton and former British Commodore Steve Jeremy, argue that Trump has effectively "surrendered" to Putin by adopting negotiation terms that align with Russia’s interests before formal talks have even begun.
Key points include:
The depth of Australia’s slide into an irrelevant and untrustworthy minnow on the global stage was demonstrated when distinguished UN special rapporteur Francesca Albanese described the Australian prime minister’s refusal to criticise Donald Trump’s plan to turn Gaza into a neo-colonial capitalist venture for the benefit of his family and friends, as “pathetic”.
The DXY chart does not look well. If support breaks then down we go. AUD is poised for an upside rampage. Even lead boots is up. Gold is entering blowoff. Oil not so much. Another copper bubble. Yawn. Somebody finally bought a miner. EM up. Junk too. Yields down. Stocks-a-palooza. Europe going nuts on the
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Ben was joined by Shaun Ratcliff from Accent Research to discuss the state of play as the federal election year kicks off. They discuss the state of polling, including the MRP polls conducted by Shaun in conjunction with Redbridge throughout 2024.