The Canberra Times’ Crispin Hull has called on the Teal independents to “connect the big policy dots” and end the destructive ‘Big Australia’ immigration policy endorsed by the three major parties: The Government refuses to abandon the Stage 3 tax cuts and adds to the misery by yet again kow-towing to business by signalling a
Australia’s house price bust has well and truly broadened beyond Sydney and Melbourne, with Brisbane now joining in the rout. As shown in the next chart, Brisbane’s daily dwelling values index has now fallen 1.8% from its mid-June peak, with prices down 0.7% so far in August: The rate of price growth across Brisbane plummeted
Global Macro / Markets / Investing: It gets hotter every year, and a new study shows how much climate change is already costing the global economy – Yahoo Tesla has built 3 million vehicles, a third of those in China, Elon Musk says – Market Watch Oil Prices Fall as China Cuts Policy Rates by
Another relatively mixed session for Asian stocks with Chinese bourses unstable with only the ASX200 lifting substantially as the Australian dollar continues to falter as it hovers at the 70 cent level while Euro flops around after a very poor start to the week. Meanwhile oil prices are also slipping, with Brent crude retracing further
Tonight I will be appearing on DFA Live with Martin North where we will discuss everything to do with the Australian economy and housing market. The show goes live at 8pm EDST.
The post Join me tonight on DFA for live Q&A appeared first on MacroBusiness.
BofA with the note. I will add that higher inventories meeting weakening demand is not a recipe for good profits. Not everything is about the second derivative Waning demand and pricing power plus continued wage pressure do not seem like reasons to celebrate. But Wednesday’s weaker CPI (note)(a mere 53bp drop) was met with applause–peak
By Gareth Aird, head of Australian economics at CBA: Key Points: The RBA August Board Minutes are the last piece of communication from the RBA until the all-important September Board meeting, where the RBA will once again raise the cash rate (the size of the impending rate hike is up for debate). The Minutes imply
Michael Wilson at Morgan Stanley. There is a Fed pivot coming in my view as inflation falls relatively quickly. But it’s coming because so is the global recession led by China and Europe but also landing in the US. Earnings are going to fall a lot further yet and that is not priced. ———————————————————————————————————————————- The
Data from the Australian Automobile Association (AAA) highlights the impact of rising petrol prices on household budgets. The AAA’s latest Transport Affordability Index data shows that the average fuel bill nationwide rose by $5 a week to $100.39 in the June quarter. The average weekly cost of fuel was $98.37 in capital cities and $102.71
The latest Roy Morgan business survey showed that confidence is lowest for the retail sector, which has halved over the past year: A new Roy Morgan survey gauging Father’s Day gift spending shows that Australians are preparing to send 7.7% less on gifts than they did last year amid rising concerns surrounding cost-of-living: Australians are