Unlike some economists, I believe that tariffs can be a useful tool in protecting strategic industries to keep alive certain capacities that are essential to the freestanding nature of any self-sustaining society. I could even live with something like a universal tariff, such as Trump’s 10%, though I would make it lower so it could
Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and special guest economist Cameron Murray unpack the downsides of superannuation as a pension supplement—and explore the broader social issues it creates. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment
Statistics New Zealand has released data showing that net overseas migration (NOM) decreased to 26,400 for the year ending March 2025, a decline from 100,400 in the year ending March 2024. “The fall in net migration in the March 2025 year was mainly due to fewer migrant arrivals, although departures also rose to a provisional
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Climate Change and Energy Minister Chris Bowen wants to double down on the rollout of offshore wind farms, renewables, and the phase-out of coal-fired power plants. Bowen claims that Labor’s landslide election victory, where it only secured 34.7% of the primary vote, was a rejection by voters of anti-climate action “noise”. “Peter Dutton described the
The Australian Bureau of Statistics (ABS) released housing finance data for Q1 2025 showing that the value of new housing lending declined by 1.6% in Q1, taking the rate of annual growth down to 14.2%. This was the first quarterly decrease since Q1 23, driven by a fall in lending to owner occupiers (-2.6%/qtr) and
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Our top civil servants are being paid exceptionally well by international standards and much more than our Prime Minister, let alone the ministers to whom they are answerable. Time for change, Rex Patrick says.
Fast and furious RSI across equity indexes has gone from extremely oversold to now hitting very overbought levels. RSI levels from the top: SPX, NDX and SOX. Source: LSEG Workspace Panic buying These are huge numbers. Forced chasing at its best. Goldman’s prime data from yesterday: 1. Global equities, second largest net buying day in 5
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The latest batch of data suggests that Australia’s labour market continues to ease gradually. SEEK’s latest employment report shows that job ads continue to trend lower and applications per job ad higher: SEEK’s data continues to point to a rising unemployment rate: As Justin Fabo from Antipodean Macro shows below, all measures of job ads
DXY is grinding higher. AUD fell. Lead boots are doing OK. Gold’s shakeout contines. Metals revert to mean. Miners yawn. EM yawn. Junk yawn. Yields are not co-operating. Stocks short squeeze from hell. Morgan Stanley has a crack. This weekend’s US-China trade news has further bolstered the USD’s correction, pushing EUR/USD below our 1.11 re-assessment
My last few booth maps have been focused on the non-classic races – the Greens in Melbourne, and the teals in Melbourne, Sydney and Perth. But a big part of the story was Labor routing the Coalition in traditional urban marginal seats, particularly those on the edges of cities, with the ultimate symbol being Peter Dutton’s defeat in Dickson.
So today I’m looking at two groups of three LNP marginal seats – three on the northern outskirts of Brisbane, and three to the south. In each of these clusters, two of the three seats were lost to Labor, with the third seat holding on.
I found this bit on ZDNet about a Harvard study on genAI use kind of interesting. Boiled down, it says generative AI in the workplace improves people’s work but erodes their motivation and engagement. There are numbers! Apparently. the psychological toll from a loss of agency and control over cognitively demanding tasks results in an 11% drop in intrinsic motivation and a 20% increase in boredom.
The latest data from the Department of Education shows that a record 1.1 million international students were enrolled in Australia at the end of 2024, nearly 250,000 higher than the 2019 pre-pandemic peak: The number of graduate visas on issue hit a record high of 222,200 in Q1 2025, more than double the 2019 pre-pandemic
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