There’s nothing like McKinsey blowing smoke at the AFR. McKinsey blamed stagnating national productivity and weaker real incomes on two key trends. First, the non-market economy, such as disability support, aged care and the public service, has had no productivity improvement for 20 years. These government-dominated industries are growing at almost triple the pace of
And the gas debacle deepens. AER board member Lynne Gallagher said the regulator’s analysis suggested APA can exercise market power over the supply of services on the pipeline, but that the ruling also considered the power of major users and the potential for customers to substitute the services they receive on the line in the
There was some moderately positive news this week, with the Australian Bureau of Statistics (ABS) reporting that dwelling approvals continue to trend higher after bottoming in January 2024. As illustrated below, both house and unit approvals have lifted and are up 4.2% and 9.8% through the year. In October, 15,069 dwellings were approved for construction
“Time to come back:” Zhengrong Shi’s Sunman unveils plans to make flexible solar panels in Australia
Labor has turned the economy into a circus freak show. There is no other explanation for eight out of nine quarters of falling per capita GDP. Labor’s loons are a world-beating growth-stopper. At their head is General Albotard: The Man with No Brain. Who doesn’t know his economic arse from his elbow. The second act
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DXY is hacking its way through more serious timber. AUD is off the lows. Aided by North Asia. Oil needs to be $10 lower. I think we’ll get there. Dirt meh. Miners meh. EM meh. Junk meh. Looks like Treasuries are setting up for US jobs disappointment. Which stocks will love. Goldman on the NFP
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In 2013, as Origin Energy prepared to export enormous quantities of East Coast gas, mostly to China, the Grattan Institue’s Tony Wood demanded there be no domestic reservation: “With more than $160 billion forecast to be invested in LNG production, the export industry is good for the economy. Governments should therefore resist self-interested calls from
En direct, allocution d’Emmanuel Macron : pas de démission, une loi de finances spéciale avant la mi-décembre… Ce qu’il faut retenir de la prise de parole du chef de l’Etat
Le président de la République a annoncé jeudi soir qu’il nommera « dans les prochains jours un premier ministre ». Il a reconnu que la dissolution de l’Assemblée nationale, en juin, « n’a pas été comprise » par les Français.
Wall Street was doing well until late into the close as profit taking set in, finishing with small losses despite the latest initial jobless claims coming in weaker than expected while European stocks continued their rebound led by the German DAX as those risk markets continue to ignore the collapse of French government. The USD
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The Five Eyes multinational intelligence sharing network has sounded an unprecedented alarm about the threat of young people being radicalised by extremist online content, as authorities warn Australian children as young as 12 are at risk of becoming terrorists.