US inflation is done. Goldman: The core PCE price index rose 0.17% month-on-month in December, which lowered the year-on-year rate to 2.93% (down from a peak of 5.57%). The 6-month annualized rate of core PCE inflation—which Fed officials have repeatedly emphasized in the last few months—remained at+1.86% for the second month in a row. A
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By Denis Bright Amidst the usual tensions associated with Australia Day, there was an underlying commitment to a more progressive national consensus after the unfortunate defeat of last year’s Voice referendum. The eve of Australia Day brought the announcement of progressive tax rate changes as summarised by Lowe Lippmann-Chartered Accountants and Business Advisors. The long…
Greg Combet, a former minister in the Rudd-Gillard governments, has been appointed Chairman of the Future Fund.
Greg Combet, new Chairman of the Future Fund
The Treasurer, Jim Chalmers, made the announcement at a press conference today.
The hoopla over the Stage 3 tax cuts has once again exposed that Australia’s tax system is far too reliant on personal income taxes. As shown in the next chart, the share of household income lost to personal income taxes hit an equal record high 17.2% in the September quarter of 2023: As Alan Kohler
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Public shaming is fast becoming Australia’s last and only weapon against the monopolies that dominate the major economic sectors. This final redoubt of policymakers is developing out of desperation, not a plan. It began in 2017 with the launch of the Banking Royal Commission. That exercise delivered a cleanout of corruption and compensation for victims
Prime Minister Anthony Albanese was busy spruiking Australia’s record jobs growth at Thursday’s address to the National Press Club: “Around 650,000 jobs were created, since we came to government. More than any first-term government in Australian history”. “Last year is the first year since monthly records began where unemployment stayed below 4%—the first time ever”. “As
The Market Ear with more encouragement for the bulls. The curious case of the somber sentiment We are looking for a tactical opportunity to short this rally, but one thing that is missing is the perfect peak sentiment set-up. We are frankly rather puzzled that many sentiment indicators are not more exuberant or stretched. Let’s
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By James Moore Goin’ South – etymology. (become worse): The origin is unclear. Common belief attributes it to the standard orientation of maps, where south is the downwards direction. Alternatively, it could stem from a euphemism used by some Native Americans for dying. Instead of working to solve problems at the border, there is cascading…
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HSBC has released analysis showing how since the pandemic, birth rates have fallen considerably faster than predicted three or four years ago. Many people thought that when the the pandemic subsided, the number of babies born would rebound. However, the converse has happened, and the decline has accelerated. According to HSBC, birth rates fell by
Imperilled, tormented Palestinians in Gaza had little time to celebrate the January 26 order of the International Court of Justice. In a case brought by South Africa intended to facilitate a ceasefire and ease the suffering of the Gaza populace, Israel received the unwanted news that it had to, among other obligations, ensure compliance with…
The ABC was at it again last week admonishing “shoddy development work” across NSW. This followed the admission by NSW Building Commissioner David Chandler that “53% of apartments registered from 2016 to 2022 have at least one serious defect”. Now the ‘standalone regulator’, the NSW Building Commission, is up and running and has promised to