The education lobby has been caught out exaggerating the collapse in international students, which according to Department of Education data, is actually not that large: Only about 121,000, or 20 per cent, of some 606,000 primary student visa holders were stranded outside Australia on 17 May… The figures, which have not been released publicly, show
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Via Captial Economics: Growth for empty apartments and that’s all.
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By Chris Becker The risk edifice continues to push higher, helped along by a reduction in continuing jobless claims in the US even though all the other economic markers show the world’s biggest economy in a deepening recession. Wall Street stumbled at the finish due to some Trump remarks with US Treasury yields rising slightly,
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Simon Reynolds, founder of The Fortune Institute, claims Australia is “heading for a small business disaster” and has called for further assistance from the federal government: “We are heading for a small business disaster”… “The government has offered them temporary money, but that will run out fast. “In biblical terms, the government is handing out
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In the week ended 28 May 2020, the CoreLogic 5-city daily dwelling price index, which covers the five major capital city markets, fell by 0.27%: It was the third consecutive weekly decline. The falls were driven by Sydney and Melbourne: Over the first four weeks of March, dwelling values have fallen by 0.44% at the
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The easing of lockdown restrictions has improved confidence in the Australian economy, according to the latest Melbourne Institute Survey of the Impact of COVID-19 in Australia, which contains responses from 1200 persons aged 18 years and over. However, 40% of survey respondents expect to be impacted for at least another six months and 28% are
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Global Macro / Markets / Investing: Coronavirus pushes global credit rating downgrade threat to record high – Reuters Some 42% Of Jobs Lost In Pandemic Are Gone For Good – Forbes COVID-era junk bond deals begin to go sour in just 2 months – Reuters ‘The Top End of the Economy Will Be Fine …
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A busy day in Asia with lots of economic reports confirming the impact the coronavirus is having on world economies, with the RBA all but ruling out negative interest rates as the local appetite for capital expenditure falls sharply. Despite the economic reality, the unrelated share market rally’s continue across the region, save for embattled
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Over the past few months we have looked several times at debt crises and how they are likely to be resolved. We had Dr Hail on to talk about MMT, we featured Ray Dalio’s solutions to debt crises and this week we hear the third option: Austrian economics. Jonathan Rochford will take to the podcast
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CoreLogic has released the final auction clearance rate for last weekend, which has rebounded to 62.7%; albeit off volumes that are less than a third of last year’s levels: According to CoreLogic: The final weighted average clearance rate came in at 62.7% last week, surpassing the previous week’s 60.4% as the highest result since the
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