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Articles from MacroBusiness

Is Australian property a Ponzi scheme?

March 25, 2024 - 11:30 -- Admin

In this month’s speech to the National Press Club, Yanis Varoufakis suggested that the Australian property market is a Ponzi scheme. AMP’s deputy chief economist, Diana Mousina, refuted the claim that Australian property was a Ponzi scheme, noting that high immigration and tax incentives justify housing prices. “Really, it’s Sydney, Melbourne, Brisbane where the price

Treasurer Chalmers has no idea about productivity

March 25, 2024 - 11:00 -- Admin

The Weekend Australian reported that Treasurer Jim Chalmers told the nation’s corporate leaders that Australia’s economy is “not productive enough, not competitive and not dynamic enough” and that this situation is “not acceptable to me or to the government that Anthony Albanese leads”. “That’s why we are putting in place new foundations for growth”, Chalmers said.

Mad King readies new energy reaming

March 25, 2024 - 10:30 -- Admin

The reporting on this story is so bad that the journalists should be fired. Only stakeholders were interviewed, no independent experts commented, and zero research was conducted. Are Nick Toscano and Mike Foley the nom de plumes of a new hallucinating Nine AI? Australia’s biggest east-coast gas exporters are edging closer to striking a new

Equity sentiment retreats

March 25, 2024 - 10:00 -- Admin

The Market Ear on retreating sentiment. There is almost always another buyer The greatest trick the seductive and mischievous Miss Market ever played was to fool us into believing that sentiment & positioning were max stretched. Tracking and trading these indicators have been a proper widow-maker in the last few weeks. And just to complicate

Macro Morning

March 25, 2024 - 09:00 -- Admin

Friday night was a consolidation session for risk markets as they digested all the interest rate meetings of the week, with US bond yields falling slightly while the USD held sway over the currency majors. Wall Street stumbled a little bit but held on to their gains while European stocks were all over the place

Shrinking block sizes won’t ease housing affordability

March 25, 2024 - 00:05 -- Admin

Domain claims that dramatically shrinking the lot sizes of Australian homes would improve affordability. “Housing will become more accessible to more people as they can buy a smaller block but for a lower overall price”, said Nicola Powell, Domain’s chief of research and economics. “The cost of land is the major component in a house

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