The notion that international education is an “export” has been completely demolished this week with both industry players, commentators, and the government admitting that international education is really just a conduit for immigration (i.e. people imports). On Monday, The Australian featured International Education Association of Australia CEO Phil Honeywood, who admitted that “the primary focus”
Overnight risk markets were again contained due to some further strong US economic data which saw bond markets selloff while the USD remained sanguine. Wall Street took back its start of week gains and while European markets had solid sessions, futures are indicating a gap lower for most Asian markets today. The Australian dollar remains
The post Macro Morning appeared first on MacroBusiness.
An epochal anniversary from the annals of modern history on Saturday remains a living memory for the Russian people. The Siege of Leningrad, arguably the most gruesome episode of the Second World War, which lasted for 900 days, was finally broken by the Soviet Red Army on Jan. 27, 1944, 80 years ago.
An Anniversary the West Would Rather Forget
Usually, stock market saves run for a few weeks at least. China’s is already out of gas. The Market Ear has more. Just local problems? The China bear is seen as a local problem still. We saw a similar type of reasoning during the 1997 Asian crisis, but local issues went global. Don’t forget that
The post Capital bids China adieu appeared first on MacroBusiness.
I have said previously that you should never trust the Grattan Institute on immigration or housing. Why? Because Grattan’s immigration “research” is funded by the pro-Big Australia Scanlon Foundation, which was founded by real estate entrepreneur and rich lister Peter Scanlon: As John Masanauskas of the Herald-Sun explained in 2009 (link no longer active): MAJOR
The Market Ear with more internals. Rates and tech Rates and tech have moved in almost perfect tandem since last summer. Lately, NASDAQ decided decoupling, and has moved higher, despite the fact rates rose from Dec lows. What happens if rates start moving lower again? Refinitiv Spot up, volatility up We have seen SPX and
The post What stops the bull market? appeared first on MacroBusiness.
DXY is going sideways: AUD got a little bid: But won’t go far without North Asia: Any higher for oil and there’ll be trouble: Metals have warmed a bit: Not so miners: Nor EM: But marginal debt is back leading the rally. Bullish! As yields fall: Stocks paused: US JOLTS did not cheer the market:
The post Australian dollar waits for the Fed appeared first on MacroBusiness.
“The West is in danger,” warned Argentina’s new president, Javier Milei at this year’s World Economic Forum (WEF) meeting in Davos, Switzerland.
Former Foreign Ministers Bob Carr and Gareth Evans, other former Cabinet Ministers, former State Premiers, a Nobel Laureate, diplomats, writers, academics and human rights advocates are among 50 Australians supporting an appeal to establish détente between the United States of America and the People’s Republic of China.
Evidence is mounting that the RBA has crashed the consumer economy. It’s no wonder, given record mortgage payments, the fixed-rate rest, stalled house prices, a record tax take and cratered disposable income. Yesterday, we saw a shocking retail result for December at -2.7% month on month and 0. 8% year on year. Real volumes are
The post The RBA has crashed the economy appeared first on MacroBusiness.
Everybody knows that Australia is suffering from a severe housing shortage. This is clearly illustrated in the rental market, where the vacancy rate has collapsed to a historic low: It is also clearly illustrated in the next chart, showing that Australia completed only 174,000 homes in the year to September 2023, against a population increase
Been looking forward to this one since I heard about it. It hasn’t disappointed so far. Jason Lambright is also watching it, even though he doesn’t normally dig on war fiction for the screen.
Imma let him give the reax.
The powerful reach of the Zionist lobby in Australia has been on display the past few weeks, with news that lobbyists pressured ABC executives leading to the sacking of ABC journalist Antoinette Lattouf for sharing information from Human Rights Watch on her social media.
Joel Jenkins reports.
Everyone has seen the decline of the Victorian Liberal Party which, in the two most recent state elections, has gone backwards1,2, in part because the party in that state was perceived as having been taken over by religious nutters3. Such a takeover of the Liberal Party by religious nutters is also seen to be, in part, the reason the Liberal Party was almost annihilated in a state election in Western Australia4. It was also one of the reasons the South Australian Liberal Party lost badly in the most recent South Australian election5.