With the release of the latest gross operating company profit data from the ABS, it was revealed that they were flat in nominal terms for the quarter, despite analysts expecting a 1.5% quarter-over-quarter rise. This result leaves the nation’s gross operating company profits in an undesirable position when it comes to contributing to GDP, up
BofA’s master strategist is bullish on China. The Price is Right:“new world order = new world bull” as Trump drives global fiscal excess; stay long international stocks (Chart 3) as US exceptionalism positions rotate to global rebalancing (note $1.6tn US equity inflow in 2020s vs. just $0.4tn to global funds–Chart 4); China our favorite long
Since the Albanese government came to power in May 2022, the size of day-to-day government spending relative to GDP has gotten larger and larger, to the point where only the absolute height of the Covid panic saw government playing a greater role in the economy. Concerns about this meteoric rise have often been dismissed and
It’s baaaaack, and it’s not much improved. The government is edging closer to passing most of its hate speech laws, with the Coalition open to striking a deal that would bolster safeguards to address fears about an overreach of new powers to criminalise hate groups. …the Coalition wants to impose safeguards around a power that
With the release of the latest Commonwealth Bank Household Spending data, it was revealed that for yet another year most households saw their spending go backwards once adjusted for inflation. In headline terms, the result was relatively robust at first glance: growth of 0.7% for the month of December and 6.3% for the 2025 calendar
Apparently, the obvious cannot penetrate Canberra’s immigration addiction. An exclusive Newspoll conducted for The Australian between Monday and Thursday last week revealed One Nation’s primary vote has risen seven points to 22 per cent over the past two months, with the Coalition dropping three points to a record low of 21 per cent and Labor falling
This sentence is the understatement of the century. Donald Trump always puts himself at center stage when he travels abroad, but the US president made sure his foray to Davos this week will be particularly dramatic. He set up his visit to the World Economic Forum in Switzerland by shaking the foundations of both the EU
Well its going to be another interesting trading week to say the least with a flat session on Wall Street ahead of their long weekend holiday, while the rest of the world has to again adjust to a new world order where Europe and the US could be going to war. It will be a
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The ferrous jaws got too wide and are now choking on a lack of oxygen. I wouldn’t get too excited about recent rebar strength. It will be snuffed out the moment EAF mills turn back on and not have any effect on iron ore. Scuttlebutt is useful. Total stocks of imported iron ore across China’s
Bridging visas were the single largest contribution to the spike of temporary migrants after the Covid-19 pandemic, increasing by 201,300 between Q3 2019 and Q3 2025: Bridging visas are generally issued by the Department of Home Affairs for two reasons: When the Department of Home Affairs is unable to execute an onshore visa application before