The stronger-than-expected labour market data in Q4 has spooked bank economists into believing that the Reserve Bank of New Zealand will hike the official cash rate further over coming monetary policy meetings. To recap, New Zealand’s unemployment rate increased from 3.9% to 4.0%, below the Reserve Bank’s forecast of 4.2%: Employment increased by 0.4% over
No end in sight for the deflation tsunami in goods. Morgan Stanley with the note. The rise of excess capacity in China…: As we highlighted previously, despite declining returns, China’s investment to GDP remains high at 41% of GDP. Indeed, notwithstanding the decline in property investment, nominal growth in infrastructure and manufacturing sector investment is
I never thought we would get back to the point where the value of the US tech sector once again comprised an incredible one third of the US equity market. This just pips the previous all-time peak seen on 17 July 2000 at theheight of the Nasdaq tech bubble. What’s more, this high has been
The post Albert Edwards: Tech bubble 2.0 is going to pop appeared first on MacroBusiness.
Treasurer Jim Chalmers recently reiterated that the federal government is not considering any changes to the negative gearing regime or the capital gains tax discount. However, Greens leader Adam Bandt has indicated that the party will seek changes to both tax breaks in return for supporting the government’s Help to Buy shared equity scheme. The
The Reserve Bank of Australia (RBA) might be done raising the official cash rate (OCR). But that doesn’t mean that the pain is over for Australian mortgage holders. Justin Fabo at Antipodean Macro has posted the below chart showing how actual mortgage rates paid by Australians (blue line) continue to rise as cheap pandemic fixed-rate mortgages
Parliament of Australia Media Release The Joint Committee of Public Accounts and Audit (JCPAA) has commenced an inquiry into the 2022-23 Commonwealth Financial Statements which are audited each year by the Australian National Audit Office (ANAO). This audit provides the Parliament with an independent examination of the Commonwealth’s accounts and identifies financial statement risks, issues…
I can’t recall ever agreeing with Alexander Downer. Most of the time, it has been violent disagreement. Until today: Over the past four months, the Greens have been in full view. Any doubts about their evil ideology have been cast aside. This is a party driven by critical theory. They split society into two. You’re
The post “Evil, racist” Greens to kill “help to buy” appeared first on MacroBusiness.
Climate Media Centre Media Release The appeal hearing relating to the Living Wonders Cases will begin on Monday 12 and Tuesday 13 February, where three Federal Court judges will assess whether Australia’s Environment Minister, Tanya Plibersek, is required by law to scrutinise the climate harm of new coal and gas projects. The Environment Council of…
On Saturday morning, I was interviewed by Luke Grant on Radio 2GB where we dissected former NSW Premier Dominic Perrottet’s claim that Australia’s mass immigration policy is “lazy economics” and a “ponzi scheme”. I also explained why Australia is caught in a “population trap of falling productivity” because the nation’s population is growing much faster
https://www.youtube.com/watch?v=pLGX3bYyW-4
Kamala Harris Goes On Bizarre Drunken Rant For Black Crowd As Hillary ADMITS Biden HAS A PROBLEM!
https://www.youtube.com/watch?v=T01Ws8KQ4os
Tulsi Gabbard: Democrats are acting as dictators in the name of democracy