The latest rental affordability report from PropTrack revealed that at the end of 2024, Australian households could afford to rent the smallest share of advertised rentals since at least 2008, when records began. The primary cause of the collapse in rental affordability is the extreme growth of rents, which have risen by 48% nationally since
The Market Ear on the short squeeze. Most since August S&P 500 +18% from the lows 4 weeks ago. More than 88% of S&P 500 stocks are trading above their 20 day moving average, the most since August. However, many sentiment & positioning indicators are still massively lagging, which would indicate room for more buying.
The post The short squeeze rips appeared first on MacroBusiness.
Following the 2022 federal election, the Australian Greens declared themselves the “third force” in Australian politics after picking up 12.2% of the primary vote and winning four federal seats: During this election campaign, the Greens salivated at the prospect of forming a minority government with Labor whereby it could force its policy agenda. The outcome
It seems to me that Trump has gone a little crazy by his 100 days of presidency. On paper, he did very well, but he He clearly had no idea the extent of Zelensky's idiocy and the hatred of European idiots for himself.
Goldman wraps a Q1 dud. Nominal retail sales rose 0.3%mom in March, broadly in line with expectations (GSe: +0.2%mom, BBG: 0.4%mom). That said, the details were softer, with ex-food sales broadly flat for a second consecutive month. The quarterly data were also weaker than expected, with volumes flat in 1Q2025 against expectations for an ongoing
Netumbo Nandi-Ndaitwah’s ascent to the presidency is a landmark achievement for Namibia and a beacon of progress for gender equality in Africa.
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.
Two travellers discovered on the beach
An Oyster, carried thither by the sea.
'Twas eyed with equal greediness by each;
Then came the question whose was it to be.
One, stooping down to pounce upon the prize,
Was thrust away before his hand could snatch it.
"Not quite so quickly," his companion cries;
"If you've a claim here, I've a claim to match it;
Australian households are suffering their longest recession in generations. The Q4 national accounts, released in March, revealed that real per capita household consumption fell for an eighth consecutive quarter. A steep decline in household incomes is behind the fall in consumption. As illustrated below, real per capita household consumption had declined by around 8% from its
Ben is joined by William Bowe from the Poll Bludger to discuss the results of yesterday’s Australian federal election, which produced Labor’s best result since 1943. We talk about the close seats, how multi-party politics is transforming local electorate contests and what is likely to happen in the Senate.
I have written several pieces about the Liberal Party branches being taken over by the religious in most of the Australian states. It seems to have started in Victoria1,2, and quickly spread to other states with Western Australia2,3, Queensland2 and South Australia4,5 having fallen to the religious. The only holdouts seem to be Tasmania6 and New South Wales7.