Ever since Xi Jinping came to power in China, its economic narrative has shifted. What was considered an endless miracle of growth before his rise, transformed afterward into an endless critique of unbalanced growth. Xi launched major reforms from 2012 to 2015 that aimed for structural transformation in the Chinese economy from investment to consumption.
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After three consecutive weekly declines following Melbourne’s hard lockdown, the ANZ-Roy Morgan Consumer Confidence Index posted a 1.0% rise on 27/28 February, taking the index to around the long-run average (see next chart). According to ANZ’s head of Australian economics, David Plank, consumers are becoming increasingly concerned about rising inflation, brought about in part by
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The ABS has released Australia’s national accounts for the December quarter of 2020, with GDP surging by 3.1% over the quarter, easily beating analyst’s forecasts of a 2.5% rise. However, GDP fell 1.1% in calendar year 2020. Below are the key statistics: The Australian economy rose 3.1% in seasonally adjusted chain volume measures Through the
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For years, utopian urban planners have predicted the end of suburbia. We were told that people would increasingly shun suburban life in favour of higher density living close to CBDs whereby families would choose proximity and convenience over space. This claim was always a myth, with urbanisation being mostly a suburban affair. The COVID-19 pandemic
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Continued from: Was COVID-19 born in the United States? (part 7) By Outsider Founded in 1923, and for its 97-year history, the popular TIME magazine had only once before – for its 9/11 issue – replaced its characteristic red border on the cover with a black one. But with the United States COVID-19 death toll nearing…
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GaveKal asks the quadrillion dollar question today. How do stock markets perform in inflationary environments? Despite a roiling US bond market sell-off, equity investors had until Thursday taken comfort from the Federal Reserve saying it will stay easy for longer and, hey, what’s not to like about a “little” inflation? The idea of this paper
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More from FTAlphaville today: Citi put out an all-time classic of a report on bitcoin yesterday, as you may have already read about here. And when we say classic, we mean one of the most execrable pieces of propaganda masquerading as “research” that we have ever come across. Not only was this “report” actually just
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Mikhail Gorbachev is 90. America also needs its own perestroika
During the recent years, the number of Russian people who believe that the first and last president of the USSR has done more harm than good to the country has slightly decreased. The number of those who positively assess Gorbachev's input has increased by one percent.
Australia’s economic integration with China developed in two distinct phases. The first was from 2003 to 2011 as iron ore coal exports boomed. The second was from 2011 and included international students, tourism, foodstuffs and investment. The second phase came with corruption in various parliaments, the debasement of university ethics, the curtailment of free speech
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SQM Research has released its Stock on Market data for February, which showed that the number of for sale listings nationally fell a further 2.7% to be down a whopping 13.1% year-on-year. Listings are down heavily everywhere except Melbourne and Sydney, which have both recorded rising listings year-on-year: The overall decline has been driven old
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Attorney-General Christian Porter has declared himself the MP at the centre of 33-year-old rape allegations. The police investigation is over owing to a lack of evidence. Mr Porter will take a mental health break. Polling is suggesting that the entire episode of six different sexual misconduct allegations against three separate Liberals has done the Morrison
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There is to be great coming out today in Parliament for Scott Morrison’s third accused rapist, molester or groper. We all know who it is but let nature take its course. He has no intention of resigning and the police investigation is over anyway. Before one draws the conclusion that our to-date disgraceful PM has
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The USD reversed course overnight, with Euro in particularly shooting higher on the back of firm EZ wide inflation figures, although German retail sales disappointed. Wall Street got the stumbles and stalls though as Treasury yields were ranged bound overnight. Commodities were mixed with copper rising nearly 3% while oil came off slightly again as
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