Articles from MacroBusiness

By Chris Becker Dead cats are piling up on Wall Street, led by tech stocks with Apple down nearly 4% with European tech issues also pulling markets down across the Atlantic. Brent crude fell 7% with WTI crude not far behind, also acting as a headwind with energy stocks losing, while US Treasuries almost reverted

The post Macro Morning appeared first on MacroBusiness.

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RBA Governor Phil Lowe last night: Thank you for the invitation to address CEDA’s annual dinner. It has become a tradition at these dinners for the Governor of the RBA to talk about how we secure Australia’s continued economic prosperity. I would like to continue that tradition tonight. My focus is going to be on

The post Phil Lowe speaks of trust with forked tongue appeared first on MacroBusiness.

By Leith van Onselen Late last week, Tim Colebatch wrote a nice dissection of Victoria’s economy, which is powering along due to unprecedented population growth: But both the infrastructure boom and the economic boom reflect the defining reality of Victoria now. The state’s population is growing at an unprecedented pace, mostly from overseas migration. And that

The post Ponzi Pallas’ ratwheel economy spins furiously while going backwards appeared first on MacroBusiness.

By Leith van Onselen In the wake of last night’s token announced cut to immigration by Prime Minister Scott Morrison, the HIA has spat the dummy: “The economic growth over the past decade has been built on the back of strong growth in skilled migration. “This population growth has led to a boom in residential

The post HIA bawls at tiny immigration cut appeared first on MacroBusiness.