The monthly growth in Seek advertised salaries has shown hints of stabilisation but is still trending lower. I expect the fade to continue as the immigration-led labour market expansion economic model does its thing. I do not expect we’ll get back to last cycle’s lows because the Labor government is forcing more wage rises via
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DXY is holding on. AUD is breaking down somewhat. Lead boots are getting heavier. The Trump fool has unleashed oil. Metals no bueno. Miners far to fall yet. EM meh. Junk still OK. US markets were closed but the European tell is heading south fast. War is not complex. Credit Agricole. Investors remain on tenterhooks
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Now that we have a complete two-party-preferred vote for all of Australia, we can look at the distribution of seat margins and swings across the country.
For this post, I have produced a number of charts which show the distribution of seats by two-party-preferred result, and also by two-party-preferred swing. I also attempt to chart out the two-candidate-preferred swings in non-classic seats, or at least those which have a valid swing compared to 2022.
Another night dominated by central bank decisions contrasted with indecisions around the Israeli war on Iran with the Swiss bank cutting rates to zero while the BOE held fire, just after the Fed a few days ago, while the Trump regime again goes to the TACO truck when talking about non-existent negotiations with the Iranian
The post Macro Morning appeared first on MacroBusiness.
In September 2024, the Housing Industry Association (HIA) labelling the federal government’s failure to control immigration a “systemic policy failure” that “compounds the challenge of delivering sufficient housing”. “The underestimation of population growth is a systemic policy failure that compounds the challenge of delivering sufficient housing”, HIA chief economist Tim Reardon said. On Thursday, the
Israel’s strikes against Iran amount to US military action despite official denials from Washington, US Senator Ted Cruz has suggested. Tehran has accused America of complicity in Israel’s attacks on its nuclear infrastructure.
Turkish President Recep Tayyip Erdogan has condemned Israel’s aggression in Gaza and ongoing attacks on Iran, comparing Prime Minister Benjamin Netanyahu to Adolf Hitler.
I know that not a huge proportion of Americans know what is going on beyond the borders of the US, and this was brought home to me recently, when I was reading something about the massive No Kings protests in myriad cities and town across the US. One source I read estimated that about 13 million people demonstrated.
The Rudd/Gillard Labor government made the disastrous decision in the early 2010s to authorise LNG exports from Gladstone, Queensland, without forcing gas producers to first serve the domestic market. As a result of this policy blunder, East Coast Australia became the only gas exporting jurisdiction in the world without a domestic gas reservation policy. We
