Below is another excellent guest post from MB reader Erin Rolandsen, CEO of Angelassist: Cybernetics pioneer Stafford Beer once said: “The purpose of a system is what it does.” If that is true, what, then, do we make of Australia’s systems? Everywhere we look, the systems designed to solve problems instead perpetuate them. We have
The Australian Bureau of Statistics (ABS) released the official population and immigration data for the March quarter of 2025. The ABS showed that Australia’s population grew by 144,300 in Q1 2025, which was down from 156,800 in Q1 2024. However, the Q1 2025 increase was still stronger than any quarter of population increase in Australia’s
Newlyn, Victoria AUD/USD EUR/USD GBP/USD USD/JPY Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
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Belinda Allen, CBA’s Head of Australian Economics, believes that the Reserve Bank of Australia (RBA) will only cut the official cash rate (OCR) once more in November, given the recent stronger run of economic data. This would take the OCR to 3.35%, which is close to CBA’s estimate of neutral. Market pricing has also shifted
Iron is hovering in some restocking episode. Long steel products enjoyed a hoped-for infrastructure stimmies bounce. Flat keeps easing. CISA output rebounded in the first ten days of September. Mills are overproducing, with inventories up 5% in the period. More price falls ahead. Meanwhile, Chinese property will never bottom! Primary prices are down with too
The only thing that may have prompted the Reserve Bank of Australia (RBA) to cut rates at its next monetary policy meeting is a sharp deterioration in the labour market. Alas, Thursday’s official labour force survey for August from the Australian Bureau of Statistics (ABS) extinguished any hope of a rate cut, with the unemployment
As the rise of populist major party candidates and upstart political parties continues from London to Tokyo, many have been left wondering why Australia hasn’t seen the rise of a new third alternative. While Australia has the Greens and One Nation as third-party alternatives, they are hardly new additions to the nation’s political landscape. The
In this week’s podcast, we are digging into the overinvestment in Electric Vehicles in China, and what it means for the rest of the investment market. Join us at 12:30 today: https://www.youtube.com/watch?v=s54Mm4ex4r4 Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the
Australia’s migration system is flooding the nation with low-skilled workers. The following chart from Alex Joiner at IFM Investors summarises the situation, with the overwhelming majority of net migrant arrivals arriving through pathways other than skilled visas: Even leading pro-Big Australia shills Peter McDonald and Alan Gamlen admitted that Australia’s permanent migration system is unskilled
Aussie wage growth has no chance of a sustained recovery. The mass immigration-led economy is, at base, a wage suppression scheme, and such macro forces will ultimately have their say. Leading indicators like the Seek Advertised Salary Index have slowed. The quarterly annualised rate is now at 3.1% and has trended lower. Other laggy indicators