It took Melbourne 165 years to hit a population of 3.5 million at the turn of the century. Over the first 25 years of this century, Melbourne’s population has grown by nearly 2 million, causing immense strain on housing, infrastructure, services, law and order, and overall living standards. The state government has also been buried
The post Victorians face immigration taxes appeared first on MacroBusiness.
Geopolitics again dominated the newsflow overnight, although the latest Canadian CPI print gave off a bit of a reverberation across currency markets with the USD pushing most of the majors down slightly as the Loonie almost went back to its recent monthly low. European stocks rallied while Wall Street pulled back on mixed home sales
The post Macro Morning appeared first on MacroBusiness.
Future military officers and the children of U.S. service members may soon be able to satisfy government testing mandates with a new test that prioritizes traditional math and the Great Books. Because tests strongly influence what teachers teach, this would encourage more traditional, less politicized instruction for the 70,000 or so children attending Department of Defense, or DODEA, K-12 schools.
DXY is warming up. AUD was pounded with risk. CNY is fine. Gold shaky. Metals warning. Mining bear fully intact. EM rolled. Junk is fine. Yields too. Stocks were hit. There wasn’t much going on to explain the sudden nerves. I put it down to the approach of Jackson Hole. Societe General. The title
The post Australian dollar hammered with risk appeared first on MacroBusiness.
The solution to the rental crisis is being played out across Australia’s two most similar nations: Canada and New Zealand. Canada experienced a record rise in rents in response to the largest surge in immigration in the nation’s history. Last year, the Canadian government announced that it would freeze population growth for three years in
Advocates of ever-higher Pentagon spending frequently argue that we must throw more money at the department to “support the troops.” But recent budget proposals and a new research paper issued by the Quincy Institute and the Costs of War Project at Brown University suggest otherwise.
Asian share markets are flat or slightly down across the board in another very quiet session as macro news remains dominated by the farcical White House talks between Europe, Ukraine and the Trump regime. The moves to watch this week will be the Jackson Hole conference on Friday with Fed Chair Powell expected to make
The post Macro Afternoon appeared first on MacroBusiness.
New Zealand’s economy continues to face severe challenges. As illustrated below by Justin Fabo from Antipodean Macro, the Reserve Bank of New Zealand’s GDP growth nowcast is pointing to a 0.2% decline in real GDP in Q2 2025. New Zealand’s labour market is also in dire straits, with unemployment and underutilisation rates soaring to near-decade