I reported on Thursday how 48,000 New Zealand citizens left the country in the year to November 2024. Statistics New Zealand noted a provisional annual net migration loss of 30,100 people to Australia. The loss of Kiwis to Australia reflects, at least in part, the diverging labour market outcomes. Australia’s unemployment rate was only 3.9% in
Woodside’s claim that gas displaces coal not borne out by evidence – instead it displaces renewables
I never bet on employment reports. It is too flaky. But here’s Goldman’s take on the NFP. We estimate nonfarm payrolls rose by 190k in January, above consensus of +170k … We assume that the Los Angeles wildfires and colder-than-usual weather will each subtract 20k from January job growth. … We estimate that the unemployment
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Man, if you believe this, then I have a bridge I will sell you. Woodside Energy chief executive Meg O’Neill says it will be a major government policy failure if Australia cannot deliver cheap and reliable energy, while attacking environment activists for prioritising political agendas over the national interest. The comments mark a major intervention
Victoria is the most indebted state in Australia and has the lowest credit rating. Victoria’s debt is projected to soar in the years ahead, likely resulting in further credit rating downgrades. When this happens, interest payments will soar, driving up costs for Victorians and resulting in higher taxes and less money for infrastructure and services.
There’s just nothing good about it. Literally nothing. Everybody has lost money. IEEFA with the report. Queensland marked 10 years as an LNG exporter in January 2025, and has emerged as a key supplier of LNG, primarily to China. Besides boosting Australia’s energy trade with Asia’s largest economy, the industry has left a legacy of higher
According to the Federal Chamber of Automotive Industries (FCAI), only 86,804 new cars were delivered in January 2025, down 3.3% from the same month in 2024. FCAI Chief Executive Tony Weber noted that “sales of hybrids and plug-in hybrid vehicles continued to grow and now make up nearly one in five new sales, representing 17.1%
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The Market Ear on the Retail Army. Shorts gone Short Interest as a % share of share outstanding at depressed levels. Source: JPM Needs a bigger chart Retail sentiment at new all time highs… Source: JPM Is this time different? So are the AI leaders in a “winners’ curse” situation reminiscent of telcos in 2000,
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To the man with a hammer, everything looks like a nail. And to the real estate developer in the White House, everything looks like a beachfront site for hotels and casinos.