Below is a fascinating note from Goldman on US tariffs. The domestic corporate goods price index (CGPI) fell -0.2% mom in May, the first decline since August last year, due to lower gasoline prices. In yoy terms, the index decelerated sharply to +3.2% (April: +4.1%). Domestic prices for machinery-related categories showed a mixed picture of
With a Labour government running an immigration-led labour market expansion economic model that intrinsically lowers living standards, the last thing beleaguered Australian households needed was the RBA to join the economic stomping. But that’s exactly what they’ve had, as a politicised RBA refused to canvass what the model means for inflation. Most pointedly, there won’t
News.com.au reports that Victoria has relaxed its gas phase-out plan, allowing owner-occupiers to continue using gas heaters and reaffirming that businesses can keep gas running in existing commercial buildings: The state will still push ahead with reforms that will make all new homes and most new commercial buildings electric only from 2027. Premier Jacinta Allan
Amidst the ongoing debate surrounding the right level of migration for Australia, I thought it would be interesting to look into how population growth is playing out at a state based level. The piece will also look at which state has been doing the heavy lifting relative in terms of its population growth relative to
If there is one country that has come to embody the absolute failure of developed world policymakers to address existential economic and social issues, it is South Korea. Despite it’s status as one of the most technologically advanced economies in the world and one of only a relative handful to reach developed world status outside
There were 21 seats in 2025 where an independent candidate made the two-candidate-preferred count. For today’s post, I want to explore what we can tell about those voters from their other voting patterns. For voters who ended up with the independent in the two-candidate-preferred count: how did they cast their primary vote, and where did they rank Labor or Coalition?
For some of this analysis, it is important to analyse seats where the independent was primarily opposing Labor or primarily opposing the Coalition separately.
The Market Ear on the melt-up. Buy signal up here? NDX just put in the golden cross. Golden crosses over the past years were followed by big melt up phases… Source: LSEG Workspace Not enough McElligott sums it up well: “There’s simply not enough “Net” leverage / Beta -“on” and returns have under captured the
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The NSW government’s budget papers show that the state is expected to post a deficit of $5.7 billion for the 2024-25 financial year. The deficit is projected to narrow to $3.4 billion in 2025-26, although it is well above the $2.2 billion deficit that Treasury had forecast in the mid-year budget update. Treasurer Daniel Mookhey
Inflation is falling across the advanced world. As a result, monetary policy is easing globally, as illustrated below by Justin Fabo from Antipodean Macro: As shown above, the decline in official interest rates has lagged other advanced nations. The recent local data shows that inflationary pressures in Australia are rapidly easing. Wednesday’s monthly inflation indicator