CBA’s excellent economics team has provided a comprehensive analysis of the federal budget. Below are key extracts broken down by theme. Overview: In the near term, the key economic and fiscal aggregates in the 2025-26 Budget are largely unchanged from the last official update in December, and broadly in line with our own forecasts. The
DXY faded a little AUD lifted a little. Lead boots are at a standstill. Gold pausing. Trump lunacy has overtaken oil as he smashes Venezuela and Iran while promising cheaper petrol. Copper is insane. This is bad for everybody except Goldman Sachs. Big miners sag on. EM yawn. Junk yawn. Yields eased. Stocks firmed. I
Treasurer Jim “chicken” Chalmers’ has released a hopeful new budget based upon some rosy assumptions. The headline numbers are realistic, but the wage price index is not going to re-accelerate unless unemployment falls more than forecast amid ongoing mass immigration of cheap Indian workers. This is a problem for revenue, especially with the mooted tax
In Tehran, Iranians are anxiously wondering whether, once their economy is exhausted and they can no longer defend themselves, the Israelis and the United States will bomb them. Under these circumstances, should they or should they not negotiate with the enigmatic President Donald Trump?
After Ukraine, Iran?by Thierry Meyssan
Could it be that sense will finally prevail? ABC. Gas giants would be forced to supply more energy to the domestic energy market under gas reservation plans that could be adopted by both sides of politics in an election shootout over how best to secure more energy and drive down prices. In moves that would
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A bit of Fedspeak overnight was overshadowed by the Clown Show in the White House overnight as markets remain somewhat hesitant as the April 2 deadline for Trump’s Tariff Tirade beckons. European shares were able to rebound firmly while Wall Street gave up some late gains to finish slightly higher. The USD pulled back ever
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The Albanese government’s first budget, released in October 2022, forecasts net overseas migration of 470,000 over its first two financial years (2022-23 and 2023-24). They delivered more than double this number, with 1,060,000 net migrants arriving over nine quarters to Q3 2024. The May 2024 federal budget forecast net overseas migration of 260,000 for this
IMAGINE YOU’RE A BRAND NEW YOUNG ADULT WHO HAS JUST BEEN GIVEN A WEAPON: THE RIGHT TO VOTE. In Australia, it’s also an obligation.
Roy Morgan Research has released polling, taken before Tuesday’s federal budget, showing that Labor (53%) has gained a strong lead over the Coalition (47%) on a two-party preferred basis. “If a Federal Election were held now, the ALP would be returned to Government with an increased majority with the ALP”, Roy Morgan reported. Roy Morgan’s
In just a few short days, Donald Trump, Elon Musk, and their most obsequious supporters attempted to shift from America First to Empire First in a shocking rebranding of globalism that would make transnational institutions like the World Economic Forum, Council on Foreign Relations, and Bilderberg Group proud.