Liberal leader Peter Dutton was questioned about his plans to cut the permanent migrant intake from 185,000 in 2024-25 to 140,000 in 2025-26. Dutton suggested that cuts to migrant worker numbers could be partly offset by permitting pensioners to work more hours without reducing their pension. “That will replace some of the international labour that
The ferrous complex is still struggling. Reports from the ground in China are dour. Goldman. Over the past week, we met with onshore clients in Beijing and Shanghai, including mutual funds, private equity firms, and asset managers from banks, brokers and insurance companies. Compared to two months ago(late February), local investors are more concerned about
Australia’s residential property market vacancy rates are still near a record low of only 1%. The Australian Greens announced that abolishing negative gearing and the capital gains tax (CGT) discount would be a priority in a minority government. The Greens’ policy is as follows. Grandfather negative gearing and the 50% CGT discount to one investment
China is easily the world’s largest carbon emitter, comprising 31.5% of global emissions in 2023, according to Our World In Data. China’s insatiable coal consumption has largely driven its near exponential rise in emissions. China is the world’s largest coal producer, importer, and user, accounting for around 30% more coal consumption than the rest of
DXY is hanging on…just. AUD looks poised for higher. Lead boots are holding. Gold and oil take a breather. Metals stall. Big miners=big bear. EM yawn. Junk unconvincing, either way. Treasuries are bid again. Stocks stalled. There is a lot of tariff pain imminent, both in the US and China. I am still of the
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All opinion polls are pointing to an easy Labor victory at this weekend’s federal election. Sadly, a Labor victory will jettison the single best policy proposal of the campaign: the reservation of East Coast gas for domestic use. The Coalition’s policy promised to quarantine uncontracted gas sold on the spot market for domestic consumption. The
GREAT CARTOON FROM CATHY WILCOX — SMH 29/04/2025.....
Hairdresser Renee Johnson hears a lot in her Muswellbrook hair and beauty salon.
But one thing she has not heard, in the two weeks since the federal election campaign kicked off, is anything from either major party that would cement her vote.
The Market Ear on abandoned stocks. Climbing the wall of worry S&P 500 up 14% since April’s 7th intraday low – now trading back above 20x PE. Mag-7’s best week in 3 years (+9.4%) . US HF net leverage has bumped a lot from absolute lows (now sits at 49% vs a recent low <40%),
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This blog post is an update to two blog posts I wrote in 2022, looking at the rate of counting progress on election night and how the primary vote for Labor, the Coalition and the Greens shifts over the course of the night.
First up, this chart shows the proportion of the total votes cast that were counted (as House primary votes) at each minute of election night, for the eight states and territories.
An uneasy night on Wall Street with minor moves as more earnings reports filter through amid more bluster from the Trump regime about nonexistent Chines tariff negotiations helping push USD lower against most of the majors as Pound Sterling hits a new three year high amid a UK/EU detente on trade. The Canadian Loonie remains
The post Macro Morning appeared first on MacroBusiness.
Last month, Vicki Thomson, the CEO of the elite Group of Eight (Go8) universities, claimed that international education is the nation’s third-largest export. Amid talk of imposing caps on enrolment numbers, Thomson said, “Do not put our third-largest export sector at risk. A $51 billion economy and, more than that, a sector which actually builds
In the lead-up to the Australia election, new research examines the ALP and Coalition messaging and policy on the People’s Republic of China.
Framing the future: Australia’s China policy in the lead-up to the 2025 election
THE IRAQ WAR WAS A MASSIVE DECEPTION WHICH WAS EASY TO UNPICK EXCEPT FOR THE MMMM (MEDIOCRE MASS MEDIA DE MIERDA). THE WAR IN YUCKRAINE IS A MORE COMPLEX DECEPTION WHICH STARTED WAY BACK IN 1917, WHEN THE AMERICAN EMPIRE DECIDED TO DESTROY RUSSIA...