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Articles from MacroBusiness

Treasury Chalmers right to be worried about broken budget

April 23, 2024 - 12:30 -- Admin

The always repulsive Ronald Mizen has a crack at Jim “Chicken” Chalmers today: Leading economists have dismissed Treasurer Jim Chalmers’ downbeat assessment of the global economy, citing recent upgrades in growth and warning that it should not be used to justify inflation-boosting spending. On Monday, Dr Chalmers signalled more cost-of-living support in next month’s budget

Another bullhawk takes flight

April 23, 2024 - 11:30 -- Admin

Another bullhawk takes flight, as usual at the corrupt AFR: The consumer price index for the March quarter will be released on Wednesday and is forecast to show an acceleration to 0.8 per cent, from 0.6 per cent. This would take the annual pace to 3.4 per cent, from 4.1 per cent in the 12

Canada’s ominous housing warning for Australia

April 23, 2024 - 11:00 -- Admin

This month, Canada recorded its largest population increase in history, with 1.27 million residents added in 2023. Net overseas migration accounted for 98% of the expansion. Canada’s population expansion has easily exceeded Statistics Canada’s “high growth” forecasts: This surge in population growth has driven a record housing supply deficit, according to a new analysis from the

International student quality takes a giant dump

April 23, 2024 - 10:30 -- Admin

Data from the Department of Education shines a bright light on how the composition of Australia’s international student enrolments has changed for the worse. In January 2005, there were a total of 173,787 international students enrolled in Australia. As illustrated in the following chart, China (40,952) dominated enrolments, with India (14,362) in a distant second

Stocks bounce

April 23, 2024 - 10:19 -- Admin

The Market Ear on the bounce. 5k matters This is the short term line in sand level to watch. Note we briefly touched the 100 day on Friday. 5k is the must hold, or…We outlined our short term logic earlier today: “A bounce and then the next move down?” Refinitiv Thinking about a bounce GS

Australians punished by high-rise apartment boom

April 23, 2024 - 10:00 -- Admin

YIMBYs, politicians, think tanks, the media, and developers are urging Australia to relax planning restrictions so that hundreds of thousands of apartments can be erected in the ”missing middle’ of our cities. Their arguments ignore overwhelming empirical evidence that the last decade’s high-rise apartment boom was a disaster. This surge in high-rise apartment construction coincided